Bank of Nova Scotia Boosts Holdings in Teradyne, Inc. $TER

Bank of Nova Scotia increased its holdings in Teradyne, Inc. (NASDAQ:TER) by 546.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 98,254 shares of the company’s stock after purchasing an additional 83,055 shares during the period. Bank of Nova Scotia owned approximately 0.06% of Teradyne worth $8,835,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fulton Bank N.A. grew its stake in shares of Teradyne by 4.3% during the second quarter. Fulton Bank N.A. now owns 2,722 shares of the company’s stock valued at $245,000 after buying an additional 113 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Teradyne by 1.0% in the 1st quarter. HighTower Advisors LLC now owns 12,528 shares of the company’s stock valued at $1,035,000 after acquiring an additional 124 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in Teradyne by 29.4% during the 2nd quarter. Manchester Capital Management LLC now owns 586 shares of the company’s stock valued at $53,000 after acquiring an additional 133 shares during the period. Outlook Wealth Advisors LLC grew its position in Teradyne by 4.8% during the 2nd quarter. Outlook Wealth Advisors LLC now owns 3,452 shares of the company’s stock worth $310,000 after acquiring an additional 157 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its stake in Teradyne by 0.3% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 51,076 shares of the company’s stock worth $4,219,000 after purchasing an additional 166 shares during the period. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the company’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 sale, the chief executive officer directly owned 94,517 shares of the company’s stock, valued at $17,031,963.40. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 3,324 shares of company stock worth $494,318 in the last 90 days. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

TER has been the subject of several recent research reports. Industrial Alliance Securities set a $175.00 price objective on Teradyne in a research report on Tuesday, October 28th. Evercore ISI increased their price target on shares of Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Stifel Nicolaus set a $225.00 price objective on shares of Teradyne and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Northland Securities set a $186.00 target price on shares of Teradyne in a report on Thursday, October 30th. Finally, Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and a consensus price target of $176.88.

Teradyne Trading Up 2.0%

NASDAQ:TER opened at $204.01 on Thursday. The company has a 50-day moving average price of $165.66 and a 200-day moving average price of $124.74. The stock has a market cap of $31.95 billion, a price-to-earnings ratio of 74.19, a P/E/G ratio of 2.09 and a beta of 1.85. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $205.00.

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

Teradyne Announces Dividend

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

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.