Brooklyn Investment Group Acquires Shares of 385 Teradyne, Inc. (NASDAQ:TER)

Brooklyn Investment Group acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 385 shares of the company’s stock, valued at approximately $52,000.

A number of other institutional investors have also modified their holdings of TER. Swedbank AB increased its stake in shares of Teradyne by 198.8% in the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after purchasing an additional 426,900 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Teradyne by 18.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after purchasing an additional 374,522 shares in the last quarter. Eagle Asset Management Inc. increased its stake in shares of Teradyne by 70.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 742,207 shares of the company’s stock valued at $99,404,000 after purchasing an additional 307,724 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Teradyne by 4,695.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 290,249 shares of the company’s stock valued at $43,041,000 after purchasing an additional 284,197 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in shares of Teradyne in the 2nd quarter valued at about $41,467,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the sale, the director now owns 16,518 shares in the company, valued at approximately $2,204,987.82. This represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard John Burns sold 789 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the sale, the insider now owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This trade represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,199 shares of company stock worth $1,080,634 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TER. Evercore ISI lifted their price objective on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Robert W. Baird lowered their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Northland Securities lowered their price objective on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a report on Friday, October 25th. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Finally, Craig Hallum reduced their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $142.62.

Teradyne Trading Up 1.8 %

Teradyne stock opened at $110.00 on Friday. Teradyne, Inc. has a twelve month low of $90.24 and a twelve month high of $163.21. The stock’s fifty day simple moving average is $117.95 and its 200-day simple moving average is $131.10. The firm has a market capitalization of $17.91 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.34 and a beta of 1.52.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The business had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. Sell-side analysts predict that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne announced that its Board of Directors has authorized a stock repurchase program on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.44%. Teradyne’s dividend payout ratio is presently 15.24%.

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.