Parametrica Management Ltd Purchases Shares of 1,654 Teradyne, Inc. (NASDAQ:TER)

Parametrica Management Ltd purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,654 shares of the company’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its stake in shares of Teradyne by 6.8% in the 3rd quarter. Victory Capital Management Inc. now owns 89,431 shares of the company’s stock valued at $11,977,000 after purchasing an additional 5,686 shares during the last quarter. XXEC Inc. boosted its stake in shares of Teradyne by 379.0% in the 3rd quarter. XXEC Inc. now owns 37,915 shares of the company’s stock valued at $5,078,000 after purchasing an additional 30,000 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted 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 during the last quarter. Entropy Technologies LP bought a new stake in shares of Teradyne in the 3rd quarter valued at $647,000. Finally, Apollon Wealth Management LLC boosted its stake in shares of Teradyne by 7.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 2,362 shares of the company’s stock valued at $316,000 after purchasing an additional 159 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Price Performance

Shares of TER stock traded down $1.19 on Wednesday, hitting $107.14. The stock had a trading volume of 111,955 shares, compared to its average volume of 2,032,642. The business has a 50 day moving average of $123.50 and a 200 day moving average of $132.48. The stock has a market cap of $17.45 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 2.37 and a beta of 1.52. Teradyne, Inc. has a 12-month low of $89.15 and a 12-month 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, beating the consensus estimate of $0.78 by $0.12. The company had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 earnings per share. As a group, research analysts expect that Teradyne, Inc. will post 3.15 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.45%. Teradyne’s dividend payout ratio is currently 15.24%.

Teradyne declared that its Board of Directors has authorized a share 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 typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TER shares. Susquehanna increased their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Robert W. Baird cut their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Northland Securities cut their target price on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. Cantor Fitzgerald raised shares of 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. Finally, StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $142.62.

Insider Activity

In related news, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the sale, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the sale, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total transaction of $83,431.25. Following the sale, the director now owns 16,518 shares of the company’s stock, valued at $2,204,987.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,352 shares of company stock worth $1,899,353 over the last quarter. Insiders own 0.18% of the company’s stock.

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.