BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 3,245 Shares of Teradyne, Inc. (NASDAQ:TER)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 11.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,052 shares of the company’s stock after selling 3,245 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Teradyne were worth $3,489,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Edgestream Partners L.P. purchased a new stake in Teradyne in the 3rd quarter worth approximately $4,937,000. Ironwood Investment Counsel LLC increased its holdings in shares of Teradyne by 1.1% in the third quarter. Ironwood Investment Counsel LLC now owns 44,803 shares of the company’s stock worth $6,001,000 after purchasing an additional 491 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Teradyne by 146.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 168,476 shares of the company’s stock worth $22,564,000 after buying an additional 100,000 shares in the last quarter. Circle Wealth Management LLC boosted its stake in Teradyne by 127.7% during the third quarter. Circle Wealth Management LLC now owns 6,791 shares of the company’s stock valued at $910,000 after buying an additional 3,808 shares during the period. Finally, Verition Fund Management LLC grew its position in Teradyne by 975.5% during the third quarter. Verition Fund Management LLC now owns 76,611 shares of the company’s stock worth $10,261,000 after buying an additional 69,488 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of TER stock opened at $115.47 on Wednesday. The business has a 50-day moving average of $117.62 and a 200 day moving average of $130.99. Teradyne, Inc. has a 1-year low of $90.24 and a 1-year high of $163.21. The stock has a market capitalization of $18.81 billion, a PE ratio of 36.66, a P/E/G ratio of 2.45 and a beta of 1.51.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating 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 firm had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. Analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne declared that its board has initiated a share buyback program on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are 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 paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is 15.24%.

Insider Activity

In other Teradyne news, insider Richard John Burns sold 789 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the transaction, the insider now directly owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. The trade was a 3.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. This represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,574 shares of company stock valued at $997,203. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on TER shares. Craig Hallum lowered their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Northland Securities decreased their price target on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus dropped their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.