Coastline Trust Co Takes $46,000 Position in Teradyne, Inc. (NASDAQ:TER)

Coastline Trust Co bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 340 shares of the company’s stock, valued at approximately $46,000.

Several other institutional investors have also recently added to or reduced their stakes in TER. Ashton Thomas Private Wealth LLC purchased a new position in shares of Teradyne during the second quarter worth about $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Teradyne in the 3rd quarter valued at about $29,000. Rothschild Investment LLC purchased a new position in Teradyne during the 2nd quarter worth approximately $33,000. Quarry LP increased its position in Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after buying an additional 169 shares during the period. Finally, Tortoise Investment Management LLC lifted its stake in Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

NASDAQ:TER opened at $102.58 on Monday. Teradyne, Inc. has a 1 year low of $90.24 and a 1 year high of $163.21. The stock has a fifty day moving average price of $122.33 and a two-hundred day moving average price of $132.25. The stock has a market capitalization of $16.71 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 2.22 and a beta of 1.52.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The business 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 business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 EPS. On average, analysts predict that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors 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 0.47%. The ex-dividend date is Monday, November 25th. Teradyne’s dividend payout ratio is currently 15.24%.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on TER shares. Citigroup cut their target price on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a report on Friday, July 26th. JPMorgan Chase & Co. upped their target price on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Evercore ISI increased their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Finally, Robert W. Baird lowered their target price on Teradyne from $140.00 to $133.00 and set an “outperform” 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 assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Teradyne presently has an average rating of “Hold” and an average target price of $142.62.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 83,816 shares in the company, valued at $10,896,080. The trade was a 3.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard John Burns sold 789 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 $104,779.20. Following the completion of the sale, the insider now directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. The trade was a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,352 shares of company stock valued at $1,899,353 in the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Teradyne Profile

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.