Mizuho Securities USA LLC Grows Stake in Teradyne, Inc. (NASDAQ:TER)

Mizuho Securities USA LLC grew its stake in Teradyne, Inc. (NASDAQ:TER) by 1,394.2% in the third quarter, Holdings Channel.com reports. The firm owned 179,918 shares of the company’s stock after acquiring an additional 167,877 shares during the quarter. Mizuho Securities USA LLC’s holdings in Teradyne were worth $24,096,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TER. Koshinski Asset Management Inc. purchased a new stake in shares of Teradyne in the 1st quarter valued at approximately $245,000. Blair William & Co. IL increased its position in Teradyne by 0.6% during the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock worth $1,693,000 after purchasing an additional 83 shares during the period. Vanguard Group Inc. grew its stake in shares of Teradyne by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock worth $2,078,462,000 after purchasing an additional 135,286 shares during the period. Ironwood Investment Counsel LLC boosted its holdings in Teradyne by 5.0% during the first quarter. Ironwood Investment Counsel LLC now owns 42,891 shares of the company’s stock worth $4,839,000 after buying an additional 2,054 shares in the last quarter. Finally, Covestor Ltd increased its position in Teradyne by 10.2% during the first quarter. Covestor Ltd now owns 1,162 shares of the company’s stock worth $131,000 after buying an additional 108 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. The trade was a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the sale, the insider now owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. The trade was a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,352 shares of company stock worth $1,899,353. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TER. Citigroup decreased their price target on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Northland Securities lowered their target price 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. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a report on Friday, August 16th. Robert W. Baird reduced their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Susquehanna boosted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Teradyne has a consensus rating of “Hold” and a consensus price target of $142.62.

Teradyne Stock Performance

NASDAQ:TER opened at $102.58 on Friday. The company has a market cap of $16.71 billion, a price-to-earnings ratio of 32.57, a P/E/G ratio of 2.31 and a beta of 1.52. Teradyne, Inc. has a 52-week low of $90.24 and a 52-week high of $163.21. The stock’s fifty day moving average price is $122.33 and its two-hundred day moving average price is $132.01.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share 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 company had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. During the same period last year, the business posted $0.80 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities analysts predict that Teradyne, Inc. will post 3.15 EPS for the current fiscal 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 shares. This repurchase authorization permits the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are 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%.

Teradyne Company 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.