Janus Henderson Group PLC Decreases Stock Position in Teradyne, Inc. (NASDAQ:TER)

Janus Henderson Group PLC lowered its position in shares of Teradyne, Inc. (NASDAQ:TER) by 42.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,440 shares of the company’s stock after selling 121,209 shares during the period. Janus Henderson Group PLC’s holdings in Teradyne were worth $22,022,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TER. Ashton Thomas Private Wealth LLC acquired a new stake in Teradyne during the 2nd quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new position in shares of Teradyne during the 3rd quarter valued at approximately $29,000. Rothschild Investment LLC acquired a new stake in shares of Teradyne during the second quarter worth approximately $33,000. Quarry LP increased 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 buying an additional 169 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Performance

Teradyne stock opened at $118.51 on Friday. Teradyne, Inc. has a one year low of $91.11 and a one year high of $163.21. The company has a 50-day simple moving average of $116.24 and a 200-day simple moving average of $130.51. The firm has a market capitalization of $19.30 billion, a P/E ratio of 37.62, a P/E/G ratio of 2.53 and a beta of 1.51.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $0.80 EPS. As a group, sell-side analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.41%. The ex-dividend date is Monday, November 25th. Teradyne’s payout ratio is currently 15.24%.

Teradyne announced that its board has approved a share buyback program on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TER has been the subject of several recent analyst reports. Northland Securities decreased their price objective on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a report on Friday, October 25th. Craig Hallum decreased their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus cut their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Robert W. Baird decreased their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. One investment analyst has rated the stock with a sell rating, six have assigned 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 target price of $142.62.

Insiders Place Their Bets

In related news, Director Mercedes Johnson sold 625 shares of the firm’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 transaction of $83,000.00. Following the transaction, the director now owns 15,893 shares in the company, valued at $2,110,590.40. This trade represents a 3.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now directly owns 83,816 shares in the company, valued at approximately $10,896,080. The trade was a 3.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,574 shares of company stock worth $997,203. 0.36% of the stock is owned by company insiders.

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.