Empirical Finance LLC Has $660,000 Position in Teradyne, Inc. (NASDAQ:TER)

Empirical Finance LLC raised its holdings in Teradyne, Inc. (NASDAQ:TER) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,929 shares of the company’s stock after acquiring an additional 153 shares during the quarter. Empirical Finance LLC’s holdings in Teradyne were worth $660,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Swedbank AB lifted its stake in shares of Teradyne by 198.8% in the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after purchasing an additional 426,900 shares during the last quarter. Ossiam raised its holdings in Teradyne by 13,540.0% during the first quarter. Ossiam now owns 419,977 shares of the company’s stock valued at $47,386,000 after buying an additional 416,898 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Teradyne by 18.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock worth $325,814,000 after buying an additional 374,522 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Teradyne by 4,695.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 290,249 shares of the company’s stock worth $43,041,000 after acquiring an additional 284,197 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in shares of Teradyne during the 2nd quarter valued at about $41,467,000. 99.77% of the stock is owned by institutional investors.

Insider Activity at Teradyne

In other news, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the transaction, the insider now owns 21,864 shares in the company, valued at approximately $2,903,539.20. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 83,816 shares in the company, valued at approximately $10,896,080. This trade represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,352 shares of company stock valued at $1,899,353 in the last 90 days. 0.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TER shares. Susquehanna boosted their target price on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a report on Friday, July 26th. Citigroup decreased their price objective on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a report on Friday, July 26th. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Cantor Fitzgerald upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a report on Friday, August 16th. Finally, Craig Hallum dropped their price objective on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Teradyne presently has an average rating of “Hold” and an average price target of $142.62.

Teradyne Price Performance

TER opened at $102.58 on Monday. The company has a market capitalization of $16.71 billion, a P/E ratio of 32.57, a P/E/G ratio of 2.22 and a beta of 1.52. The firm’s fifty day moving average price is $122.33 and its two-hundred day moving average price is $132.25. Teradyne, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The business had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. On average, equities research analysts expect that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne announced that its Board of Directors has approved a stock repurchase program on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.47%. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.