Bank of Nova Scotia Acquires 83,055 Shares of Teradyne, Inc. $TER

Bank of Nova Scotia boosted its holdings in Teradyne, Inc. (NASDAQ:TER) by 546.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,254 shares of the company’s stock after purchasing an additional 83,055 shares during the quarter. Bank of Nova Scotia’s holdings in Teradyne were worth $8,835,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TER. Brooklyn Investment Group boosted its position in shares of Teradyne by 189.9% in the 1st quarter. Brooklyn Investment Group now owns 461 shares of the company’s stock worth $38,000 after purchasing an additional 302 shares in the last quarter. Steph & Co. bought a new position in Teradyne during the 2nd quarter valued at approximately $43,000. Bayforest Capital Ltd raised its stake in Teradyne by 195.5% during the second quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock valued at $47,000 after buying an additional 346 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in Teradyne by 29.4% in the second quarter. Manchester Capital Management LLC now owns 586 shares of the company’s stock worth $53,000 after acquiring an additional 133 shares in the last quarter. Finally, Quaker Wealth Management LLC boosted its holdings in Teradyne by 200.9% in the second quarter. Quaker Wealth Management LLC now owns 639 shares of the company’s stock worth $57,000 after acquiring an additional 1,272 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $180.20, for a total value of $199,661.60. Following the transaction, the chief executive officer directly owned 94,517 shares in the company, valued at $17,031,963.40. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 3,324 shares of company stock worth $494,318. 0.16% of the stock is owned by corporate insiders.

Teradyne Stock Performance

TER opened at $204.01 on Thursday. The company’s 50-day simple moving average is $165.66 and its two-hundred day simple moving average is $124.74. The stock has a market capitalization of $31.95 billion, a P/E ratio of 74.19, a P/E/G ratio of 2.09 and a beta of 1.85. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $205.00.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The firm had revenue of $769.21 million during the quarter, compared to analyst estimates of $744.20 million. During the same period in the previous year, the business posted $0.90 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Teradyne’s payout ratio is currently 17.45%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TER. Citigroup raised their price target on Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Industrial Alliance Securities set a $175.00 price objective on shares of Teradyne in a research report on Tuesday, October 28th. Wall Street Zen raised shares of Teradyne from a “sell” rating to a “hold” rating in a report on Monday, September 1st. Susquehanna reiterated a “positive” rating and issued a $215.00 target price on shares of Teradyne in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group raised their price target on shares of Teradyne from $130.00 to $148.00 and gave the company a “sell” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and a consensus target price of $176.88.

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.