Meeder Asset Management Inc. Increases Stake in Teradyne, Inc. (NASDAQ:TER)

Meeder Asset Management Inc. lifted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 20.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,799 shares of the company’s stock after buying an additional 5,595 shares during the quarter. Meeder Asset Management Inc.’s holdings in Teradyne were worth $4,393,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Teradyne in the 2nd quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new position in Teradyne in the third quarter valued at approximately $29,000. Rothschild Investment LLC acquired a new stake in Teradyne during the second quarter worth approximately $33,000. Quarry LP lifted its position in shares of Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after buying an additional 169 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its holdings in shares of Teradyne by 76.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after buying an additional 118 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Teradyne

In related news, insider Richard John Burns sold 789 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the sale, the insider now owns 21,864 shares in the company, valued at $2,903,539.20. This represents a 3.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $83,000.00. Following the transaction, the director now directly owns 15,893 shares of the company’s stock, valued at approximately $2,110,590.40. This represents a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,199 shares of company stock valued at $1,080,634. 0.18% of the stock is owned by company insiders.

Teradyne Stock Performance

TER stock opened at $104.15 on Tuesday. Teradyne, Inc. has a one year low of $90.24 and a one year high of $163.21. The company has a fifty day moving average of $121.93 and a 200-day moving average of $132.16. The stock has a market capitalization of $16.96 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 2.22 and a beta of 1.52.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share. Equities analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne declared that its board has initiated a stock repurchase 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 shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, November 25th. Teradyne’s payout ratio is 15.24%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TER shares. JPMorgan Chase & Co. boosted their price target on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Evercore ISI boosted their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Susquehanna raised their price target on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Northland Securities reduced their price objective 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, Cantor Fitzgerald upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.