Needham Investment Management LLC Purchases 13,500 Shares of Teradyne, Inc. (NASDAQ:TER)

Needham Investment Management LLC lifted its holdings in Teradyne, Inc. (NASDAQ:TER) by 45.0% in the third quarter, HoldingsChannel reports. The firm owned 43,500 shares of the company’s stock after purchasing an additional 13,500 shares during the quarter. Needham Investment Management LLC’s holdings in Teradyne were worth $5,826,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in Teradyne by 161.6% in the first quarter. Cetera Investment Advisers now owns 19,075 shares of the company’s stock worth $2,152,000 after buying an additional 11,782 shares during the last quarter. Cetera Advisors LLC purchased a new stake in Teradyne in the 1st quarter worth about $427,000. GAMMA Investing LLC lifted its stake in Teradyne by 128.3% in the second quarter. GAMMA Investing LLC now owns 2,297 shares of the company’s stock worth $341,000 after purchasing an additional 1,291 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Teradyne by 17.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $97,000 after buying an additional 96 shares during the period. Finally, DNB Asset Management AS grew its stake in shares of Teradyne by 11.9% during the second quarter. DNB Asset Management AS now owns 26,573 shares of the company’s stock valued at $3,941,000 after buying an additional 2,822 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TER. Evercore ISI boosted their price objective on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a research note on Friday, August 16th. Stifel Nicolaus reduced their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Robert W. Baird decreased their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. One equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $142.62.

Insider Transactions at Teradyne

In other news, insider Richard John Burns sold 789 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the sale, the insider now directly owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This represents a 3.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on 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 owns 83,816 shares in the company, valued at $10,896,080. The trade was a 3.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,574 shares of company stock worth $997,203. Insiders own 0.18% of the company’s stock.

Teradyne Stock Down 0.5 %

Shares of Teradyne stock traded down $0.57 on Tuesday, reaching $112.63. The stock had a trading volume of 312,258 shares, compared to its average volume of 2,036,925. Teradyne, Inc. has a 1 year low of $90.24 and a 1 year high of $163.21. The company has a 50 day moving average price of $117.95 and a 200 day moving average price of $131.12. The stock has a market capitalization of $18.34 billion, a P/E ratio of 35.94, a P/E/G ratio of 2.38 and a beta of 1.51.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) 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 the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio is presently 15.24%.

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

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.