Teradyne, Inc. (NASDAQ:TER) Position Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 22.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,000 shares of the company’s stock after buying an additional 3,458 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Teradyne were worth $2,545,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Teradyne during the second quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new stake in Teradyne during the 3rd quarter valued at $29,000. Rothschild Investment LLC acquired a new position in Teradyne during the 2nd quarter worth $33,000. Quarry LP grew its stake in shares of Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Performance

Teradyne stock opened at $110.67 on Tuesday. Teradyne, Inc. has a 52 week low of $90.24 and a 52 week high of $163.21. The firm has a market capitalization of $18.02 billion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 2.34 and a beta of 1.52. The company has a 50 day moving average price of $119.65 and a 200 day moving average price of $131.62.

Teradyne (NASDAQ:TER) last announced 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. The business had revenue of $737.30 million for 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%. Teradyne’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.80 earnings per share. Equities analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be paid 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 0.43%. Teradyne’s dividend payout ratio is 15.24%.

Teradyne declared that its board has approved a share buyback plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Northland Securities reduced their price target on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. Craig Hallum cut their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Stifel Nicolaus lowered their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Finally, Evercore ISI lifted their target price on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. One research 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $142.62.

Insider Activity

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred 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 sale, the chief executive officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard John Burns sold 789 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 $104,779.20. Following the completion of the transaction, the insider now directly 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 ninety days, insiders have sold 8,199 shares of company stock worth $1,080,634. Company 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.