6,016 Shares in Teradyne, Inc. (NASDAQ:TER) Acquired by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,016 shares of the company’s stock, valued at approximately $806,000.

Several other hedge funds and other institutional investors have also modified their holdings of TER. Mitchell & Pahl Private Wealth LLC increased its holdings in Teradyne by 1.1% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock valued at $1,074,000 after purchasing an additional 79 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Teradyne by 0.6% in the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock valued at $1,693,000 after buying an additional 83 shares during the period. Whittier Trust Co. increased its stake in shares of Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company’s stock valued at $127,000 after buying an additional 88 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in shares of Teradyne by 17.3% in the 2nd 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, Wealth Alliance increased its stake in shares of Teradyne by 3.3% in the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company’s stock valued at $451,000 after buying an additional 98 shares during the period. Institutional investors own 99.77% of the company’s stock.

Insider Activity at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $83,000.00. Following the transaction, the director now owns 15,893 shares of the company’s stock, valued at $2,110,590.40. The trade was a 3.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the transaction, the chief financial officer now directly owns 35,834 shares in the company, valued at approximately $4,768,072.04. This trade represents a 14.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,352 shares of company stock valued at $1,899,353. 0.36% of the stock is owned by insiders.

Teradyne Trading Down 3.7 %

TER stock opened at $102.58 on Friday. The business’s 50-day moving average price is $122.33 and its two-hundred day moving average price is $132.01. The firm has a market cap of $16.71 billion, a PE ratio of 32.57, a P/E/G ratio of 2.31 and a beta of 1.52. Teradyne, Inc. has a 1-year low of $90.24 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The company 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 quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. On average, analysts forecast that Teradyne, Inc. will post 3.15 earnings per share for the current year.

Teradyne declared that its board has approved a stock repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Teradyne Dividend Announcement

The company also recently declared 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 of this dividend is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.47%. Teradyne’s dividend payout ratio (DPR) is 15.24%.

Wall Street Analysts Forecast Growth

TER has been the subject of several research reports. Cantor Fitzgerald raised 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. Susquehanna lifted their target price on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their price objective on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Northland Securities decreased their price objective on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird decreased their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.