Chesley Taft & Associates LLC Grows Holdings in Teradyne, Inc. (NASDAQ:TER)

Chesley Taft & Associates LLC lifted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,590 shares of the company’s stock after buying an additional 925 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Teradyne were worth $1,837,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Teradyne during the 3rd quarter worth $29,000. Quarry LP increased its stake in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after purchasing an additional 169 shares during the last quarter. Coastline Trust Co purchased a new position in Teradyne during the third quarter worth about $46,000. Brooklyn Investment Group acquired a new stake in Teradyne in the 3rd quarter worth about $52,000. Finally, Eastern Bank purchased a new stake in Teradyne in the 3rd quarter valued at about $67,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Price Performance

NASDAQ:TER opened at $132.30 on Wednesday. The firm has a 50-day moving average of $121.85 and a two-hundred day moving average of $126.85. The stock has a market cap of $21.55 billion, a P/E ratio of 42.00, a PEG ratio of 2.30 and a beta of 1.46. Teradyne, Inc. has a 1-year low of $92.29 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. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. Teradyne’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Monday, November 25th. Teradyne’s payout ratio is currently 15.24%.

Teradyne announced that its Board of Directors has authorized a share buyback plan on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TER. Morgan Stanley lowered shares of Teradyne from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $121.00 to $117.00 in a research report on Tuesday. Stifel Nicolaus cut their target price 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 raised Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Northland Securities upgraded Teradyne from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $117.00 to $154.00 in a report on Monday, January 6th. Finally, Craig Hallum decreased their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.77.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

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.