Russell Investments Group Ltd. Acquires 28,757 Shares of Teradyne, Inc. (TER)
Russell Investments Group Ltd. raised its holdings in shares of Teradyne, Inc. (NYSE:TER) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 663,118 shares of the semiconductor company’s stock after purchasing an additional 28,757 shares during the quarter. Russell Investments Group Ltd. owned 0.34% of Teradyne worth $24,727,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. increased its stake in Teradyne by 5.8% during the 2nd quarter. Pacer Advisors Inc. now owns 28,627 shares of the semiconductor company’s stock valued at $860,000 after purchasing an additional 1,559 shares in the last quarter. Cipher Capital LP increased its stake in Teradyne by 47.5% during the 2nd quarter. Cipher Capital LP now owns 118,758 shares of the semiconductor company’s stock valued at $3,566,000 after purchasing an additional 38,247 shares in the last quarter. Paradigm Asset Management Co. LLC increased its stake in Teradyne by 193.3% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 2,900 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new stake in Teradyne during the 2nd quarter valued at $3,754,000. Finally, Westpac Banking Corp bought a new stake in Teradyne during the 2nd quarter valued at $5,465,000. Institutional investors and hedge funds own 97.17% of the company’s stock.
Teradyne, Inc. (NYSE:TER) traded up $0.36 on Friday, reaching $43.64. 1,010,000 shares of the company’s stock were exchanged, compared to its average volume of 2,133,910. The company has a quick ratio of 4.67, a current ratio of 4.96 and a debt-to-equity ratio of 0.17. The stock has a market cap of $8,489.71, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 1.62 and a beta of 1.04. Teradyne, Inc. has a 1 year low of $23.39 and a 1 year high of $44.62.
Teradyne (NYSE:TER) last posted its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. The firm had revenue of $503.40 million for the quarter, compared to the consensus estimate of $472.86 million. Teradyne had a net margin of 21.11% and a return on equity of 22.39%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS. sell-side analysts forecast that Teradyne, Inc. will post 2.22 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Wednesday, November 29th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, November 28th. Teradyne’s dividend payout ratio (DPR) is currently 13.08%.
A number of equities analysts have issued reports on the stock. Citigroup Inc. reaffirmed a “buy” rating and set a $43.00 price objective on shares of Teradyne in a report on Tuesday, September 19th. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Tuesday, September 19th. BidaskClub raised shares of Teradyne from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Cowen Inc set a $41.00 price objective on shares of Teradyne and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, KeyCorp reaffirmed a “buy” rating and set a $40.00 price objective on shares of Teradyne in a report on Tuesday, September 5th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Teradyne presently has an average rating of “Buy” and an average price target of $41.00.
In related news, insider Mark E. Jagiela sold 80,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $43.55, for a total value of $3,484,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael A. Bradley sold 22,168 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $35.64, for a total transaction of $790,067.52. Following the completion of the transaction, the director now directly owns 194,938 shares in the company, valued at $6,947,590.32. The disclosure for this sale can be found here. Insiders sold a total of 236,012 shares of company stock worth $9,495,829 over the last three months. 0.62% of the stock is owned by insiders.
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Teradyne Company Profile
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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