Empirical Finance LLC Has $660,000 Position in Teradyne, Inc. (NASDAQ:TER)

Empirical Finance LLC boosted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 3.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,929 shares of the company’s stock after purchasing an additional 153 shares during the quarter. Empirical Finance LLC’s holdings in Teradyne were worth $660,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TER. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Teradyne during the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new stake in shares of Teradyne during the 3rd quarter valued at $29,000. Rothschild Investment LLC acquired a new position in shares of Teradyne in the 2nd quarter valued at $33,000. Quarry LP grew its stake in shares of Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares during the period. Finally, Tortoise Investment Management LLC increased its holdings 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 purchasing an additional 118 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction dated 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 transaction, the chief financial officer now owns 35,834 shares of the company’s stock, valued at $4,768,072.04. This trade represents a 14.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $83,000.00. Following the completion of the sale, the director now directly owns 15,893 shares in the company, valued at approximately $2,110,590.40. The trade was a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,352 shares of company stock worth $1,899,353. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TER shares. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a report on Friday, August 16th. Evercore ISI lifted their price objective 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. Citigroup lowered their target price on shares of 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 decreased their price target on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a report on Friday, October 25th. Finally, Stifel Nicolaus decreased their price target 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Teradyne currently has a consensus rating of “Hold” and an average target price of $142.62.

Teradyne Stock Performance

Shares of Teradyne stock opened at $102.58 on Monday. The firm has a market cap of $16.71 billion, a PE ratio of 32.57, a P/E/G ratio of 2.22 and a beta of 1.52. The business’s 50 day simple moving average is $122.33 and its 200 day simple moving average is $132.25. Teradyne, Inc. has a 52-week low of $90.24 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping 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 business had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts predict that Teradyne, Inc. will post 3.17 EPS for the current year.

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

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, November 25th. Teradyne’s payout ratio is 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.