Truvestments Capital LLC Purchases Shares of 2,401 Teradyne, Inc. (NASDAQ:TER)

Truvestments Capital LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,401 shares of the company’s stock, valued at approximately $322,000.

Several other hedge funds also recently modified their holdings of TER. Ashton Thomas Private Wealth LLC bought a new stake in Teradyne during the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Teradyne in the third quarter valued at $29,000. Rothschild Investment LLC acquired a new stake in shares of Teradyne in the second quarter valued at $33,000. Quarry LP raised its holdings in shares of Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after buying an additional 169 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its position in Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after buying an additional 118 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the subject of several research reports. Cantor Fitzgerald upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research report on Friday, August 16th. Evercore ISI raised their price target on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Robert W. Baird reduced their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Northland Securities lowered their target price on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. Finally, Craig Hallum dropped their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $142.62.

Teradyne Trading Up 2.3 %

NASDAQ TER opened at $110.67 on Tuesday. Teradyne, Inc. has a 12 month low of $90.24 and a 12 month high of $163.21. The company has a market capitalization of $18.02 billion, a PE ratio of 35.13, a P/E/G ratio of 2.34 and a beta of 1.52. The stock has a 50-day simple moving average of $119.65 and a 200 day simple moving average of $131.62.

Teradyne (NASDAQ:TER) last announced its quarterly 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. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. During the same period last year, the company posted $0.80 EPS. Teradyne’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts predict that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is 15.24%.

Teradyne declared that its board has initiated a share buyback program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the company’s 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 $83,000.00. Following the completion of the transaction, the director now owns 15,893 shares in the company, valued at $2,110,590.40. This represents a 3.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction 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. The trade was a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,199 shares of company stock worth $1,080,634 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

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.