Lifeworks Advisors LLC Buys Shares of 1,940 Teradyne, Inc. (NASDAQ:TER)

Lifeworks Advisors LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,940 shares of the company’s stock, valued at approximately $260,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Teradyne by 8.3% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,682 shares of the company’s stock worth $627,000 after buying an additional 359 shares during the period. Metis Global Partners LLC boosted its position in shares of Teradyne by 5.7% during the third quarter. Metis Global Partners LLC now owns 5,154 shares of the company’s stock worth $690,000 after buying an additional 279 shares during the period. Huntington National Bank boosted its position in shares of Teradyne by 103.1% during the third quarter. Huntington National Bank now owns 581 shares of the company’s stock worth $78,000 after buying an additional 295 shares during the period. Parametrica Management Ltd acquired a new position in shares of Teradyne during the third quarter worth approximately $222,000. Finally, Victory Capital Management Inc. lifted its position in Teradyne by 6.8% in the third quarter. Victory Capital Management Inc. now owns 89,431 shares of the company’s stock worth $11,977,000 after purchasing an additional 5,686 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Up 0.1 %

Shares of NASDAQ:TER opened at $106.52 on Friday. The company’s fifty day moving average is $122.70 and its two-hundred day moving average is $132.12. Teradyne, Inc. has a 12-month low of $90.24 and a 12-month high of $163.21. The company has a market cap of $17.35 billion, a P/E ratio of 33.82, a price-to-earnings-growth ratio of 2.31 and a beta of 1.52.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $716.40 million. During the same period in the previous year, the business earned $0.80 EPS. The company’s revenue was up 4.8% on a year-over-year basis. Equities research analysts anticipate that Teradyne, Inc. will post 3.15 earnings per share for the current year.

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

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Insider Transactions at Teradyne

In related news, CFO Sanjay Mehta sold 6,153 shares of the company’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 completion of the sale, the chief financial officer now directly owns 35,834 shares in the company, valued at approximately $4,768,072.04. This represents a 14.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Richard John Burns sold 789 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the sale, the insider now owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,352 shares of company stock valued at $1,899,353. 0.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TER. Susquehanna upped their target price on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. Evercore ISI upped their target price on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Citigroup cut their target price on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Craig Hallum cut 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. Finally, Northland Securities dropped their price target on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a report on Friday, October 25th. One equities 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, the company presently has an average rating of “Hold” and an average price target of $142.62.

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.