XTX Topco Ltd Makes New Investment in Teradyne, Inc. (NASDAQ:TER)

XTX Topco Ltd purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,265 shares of the company’s stock, valued at approximately $571,000.

Other hedge funds have also bought and sold shares of the company. Whittier Trust Co. increased its position in shares of Teradyne by 10.2% in the third quarter. Whittier Trust Co. now owns 950 shares of the company’s stock valued at $127,000 after acquiring an additional 88 shares during the period. Wealth Alliance lifted its position in shares of Teradyne by 3.3% in the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company’s stock worth $451,000 after purchasing an additional 98 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in Teradyne by 10.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock valued at $149,000 after acquiring an additional 103 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Teradyne by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after acquiring an additional 104 shares during the period. Finally, VELA Investment Management LLC raised its position in shares of Teradyne by 0.9% in the 3rd quarter. VELA Investment Management LLC now owns 12,782 shares of the company’s stock worth $1,712,000 after acquiring an additional 113 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $409,024.00. Following the sale, the chief executive officer now directly owns 80,736 shares in the company, valued at approximately $10,721,740.80. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 4,494 shares of company stock valued at $596,803 in the last three months. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TER shares. Northland Securities reduced 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 report on Friday, October 25th. Evercore ISI lifted their price objective on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Robert W. Baird cut their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Stifel Nicolaus dropped their target price on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. One 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 company. Based on data from MarketBeat.com, Teradyne presently has an average rating of “Hold” and an average price target of $142.62.

Teradyne Trading Up 1.9 %

NASDAQ:TER opened at $123.22 on Friday. The business’s 50-day moving average is $115.18 and its 200 day moving average is $129.74. Teradyne, Inc. has a 12 month low of $92.29 and a 12 month high of $163.21. The company has a market capitalization of $20.07 billion, a P/E ratio of 39.12, a P/E/G ratio of 2.60 and a beta of 1.51.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same period in the prior year, the firm earned $0.80 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, research analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne announced that its Board of Directors has authorized a stock repurchase program on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.39%. Teradyne’s dividend payout ratio (DPR) is currently 15.24%.

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.