Parametric Portfolio Associates LLC Has $20.34 Million Stake in Teradyne, Inc. (TER)
Parametric Portfolio Associates LLC lifted its stake in Teradyne, Inc. (NYSE:TER) by 20.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 677,248 shares of the semiconductor company’s stock after purchasing an additional 115,980 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.34% of Teradyne worth $20,338,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Teradyne by 11,980.5% in the 1st quarter. BlackRock Inc. now owns 18,369,484 shares of the semiconductor company’s stock worth $571,292,000 after buying an additional 18,217,425 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Teradyne by 238.2% during the second quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock valued at $116,451,000 after buying an additional 2,731,167 shares during the last quarter. Wells Fargo & Company MN raised its stake in Teradyne by 71.0% during the second quarter. Wells Fargo & Company MN now owns 4,293,075 shares of the semiconductor company’s stock valued at $128,922,000 after buying an additional 1,781,854 shares during the last quarter. Capital Growth Management LP purchased a new position in Teradyne during the first quarter valued at $55,047,000. Finally, Coatue Management LLC purchased a new position in Teradyne during the second quarter valued at $39,545,000. 93.10% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Mark E. Jagiela sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the transaction, the insider now directly owns 248,413 shares in the company, valued at approximately $8,570,248.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael A. Bradley sold 17,390 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $36.30, for a total value of $631,257.00. Following the transaction, the director now owns 154,132 shares in the company, valued at $5,594,991.60. The disclosure for this sale can be found here. Insiders have sold 141,698 shares of company stock worth $5,012,857 over the last 90 days. 0.62% of the stock is currently owned by company insiders.
Shares of Teradyne, Inc. (TER) opened at 37.71 on Wednesday. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 19.46 and a beta of 0.98. Teradyne, Inc. has a 52 week low of $20.22 and a 52 week high of $38.10. The firm’s 50-day moving average is $35.63 and its 200-day moving average is $33.93.
Teradyne (NYSE:TER) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.04. The business had revenue of $697.00 million during the quarter, compared to analyst estimates of $683.66 million. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Analysts forecast that Teradyne, Inc. will post $1.97 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 7th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, September 6th. This represents a $0.28 dividend on an annualized basis and a yield of 0.74%. Teradyne’s payout ratio is presently 14.51%.
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TER has been the topic of several analyst reports. Citigroup Inc. reissued a “buy” rating and issued a $43.00 target price on shares of Teradyne in a report on Tuesday, September 19th. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, September 19th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $41.00 price target (up from $32.00) on shares of Teradyne in a report on Monday, September 18th. KeyCorp reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Teradyne in a research report on Saturday, September 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Teradyne in a research report on Friday, September 1st. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $36.83.
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.
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