XXEC Inc. Raises Holdings in Teradyne, Inc. (NASDAQ:TER)

XXEC Inc. lifted its holdings in Teradyne, Inc. (NASDAQ:TER) by 379.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,915 shares of the company’s stock after acquiring an additional 30,000 shares during the period. Teradyne makes up 3.8% of XXEC Inc.’s portfolio, making the stock its 15th biggest position. XXEC Inc.’s holdings in Teradyne were worth $5,078,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TER. Sumitomo Mitsui Trust Group Inc. lifted its stake 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 worth $325,814,000 after purchasing an additional 374,522 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Teradyne during the 3rd quarter valued at $647,000. Apollon Wealth Management LLC grew its stake in shares of Teradyne by 7.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 2,362 shares of the company’s stock worth $316,000 after purchasing an additional 159 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of Teradyne by 33.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,275 shares of the company’s stock valued at $439,000 after acquiring an additional 823 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Teradyne by 1.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 55,794 shares of the company’s stock valued at $7,472,000 after purchasing an additional 1,036 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Ratings Changes

TER has been the subject of several research analyst reports. Citigroup reduced their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Northland Securities cut their price target 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. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Finally, Robert W. Baird decreased their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Teradyne has a consensus rating of “Hold” and a consensus price target of $142.62.

Insider Activity

In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now directly owns 35,834 shares in the company, valued at $4,768,072.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the transaction, the chief financial officer now owns 35,834 shares of the company’s stock, valued at $4,768,072.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the sale, the director now directly owns 16,518 shares in the company, valued at $2,204,987.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,352 shares of company stock valued at $1,899,353. 0.36% of the stock is owned by company insiders.

Teradyne Price Performance

Shares of TER opened at $108.81 on Tuesday. The company has a market capitalization of $17.72 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 2.41 and a beta of 1.52. Teradyne, Inc. has a one year low of $85.75 and a one year high of $163.21. The company’s fifty day moving average price is $123.83 and its 200 day moving average price is $132.52.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. During the same period in the previous year, the company posted $0.80 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts anticipate that Teradyne, Inc. will post 3.15 earnings per share for the current year.

Teradyne Announces Dividend

The firm 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 dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.44%. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Teradyne declared that its Board of Directors has initiated a share repurchase plan on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Teradyne Company 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.