Fisher Asset Management LLC Buys 222 Shares of Teradyne, Inc. (NASDAQ:TER)

Fisher Asset Management LLC increased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 0.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 147,031 shares of the company’s stock after buying an additional 222 shares during the period. Fisher Asset Management LLC’s holdings in Teradyne were worth $19,692,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TER. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Teradyne by 1.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock valued at $682,597,000 after buying an additional 57,989 shares during the last quarter. Van ECK Associates Corp raised its stake in Teradyne by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock valued at $383,501,000 after acquiring an additional 183,721 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Teradyne by 18.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after purchasing an additional 374,522 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Teradyne by 2.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company’s stock worth $299,073,000 after purchasing an additional 47,157 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Teradyne by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 968,841 shares of the company’s stock worth $129,757,000 after purchasing an additional 49,115 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Price Performance

Shares of TER opened at $108.09 on Thursday. Teradyne, Inc. has a 1-year low of $90.24 and a 1-year high of $163.21. The company has a market capitalization of $17.60 billion, a P/E ratio of 34.31, a P/E/G ratio of 2.39 and a beta of 1.52. The firm’s 50 day simple moving average is $118.84 and its 200 day simple moving average is $131.36.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping 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 company had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same period in the previous year, the firm posted $0.80 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. On average, equities analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne announced that its Board of Directors has authorized a stock buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s payout ratio is currently 15.24%.

Insider Activity

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the sale, the director now directly owns 16,518 shares in the company, valued at $2,204,987.82. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 83,816 shares in the company, valued at approximately $10,896,080. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,199 shares of company stock worth $1,080,634. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Robert W. Baird dropped their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus dropped their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Northland Securities reduced their price target on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research report on Friday, October 25th. Evercore ISI increased their price objective on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $142.62.

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.