Schwab Charles Investment Management Inc. Has $32.20 Million Stake in Teradyne, Inc. (TER)
Schwab Charles Investment Management Inc. cut its stake in shares of Teradyne, Inc. (NYSE:TER) by 21.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 863,374 shares of the semiconductor company’s stock after selling 240,751 shares during the period. Schwab Charles Investment Management Inc. owned 0.44% of Teradyne worth $32,196,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Teradyne by 4.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 639,337 shares of the semiconductor company’s stock worth $23,841,000 after purchasing an additional 29,240 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Teradyne by 10.2% in the third quarter. Wells Fargo & Company MN now owns 4,729,629 shares of the semiconductor company’s stock worth $176,368,000 after purchasing an additional 436,554 shares during the last quarter. Twin Capital Management Inc. increased its position in shares of Teradyne by 19.8% in the third quarter. Twin Capital Management Inc. now owns 160,000 shares of the semiconductor company’s stock worth $5,966,000 after purchasing an additional 26,470 shares during the last quarter. Cadence Capital Management LLC bought a new position in shares of Teradyne in the third quarter worth approximately $221,000. Finally, Legal & General Group Plc increased its position in shares of Teradyne by 7.9% in the third quarter. Legal & General Group Plc now owns 230,081 shares of the semiconductor company’s stock worth $8,578,000 after purchasing an additional 16,909 shares during the last quarter. Hedge funds and other institutional investors own 96.72% of the company’s stock.
Several research analysts recently weighed in on TER shares. BidaskClub upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. KeyCorp restated a “buy” rating and issued a $47.00 price objective on shares of Teradyne in a research report on Friday, October 27th. Citigroup restated a “buy” rating and issued a $43.00 price objective on shares of Teradyne in a research report on Tuesday, September 19th. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Tuesday, September 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Teradyne in a research note on Friday, September 1st. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Teradyne presently has a consensus rating of “Buy” and an average target price of $41.25.
In other news, Director Michael A. Bradley sold 20,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $43.67, for a total transaction of $873,400.00. Following the completion of the sale, the director now owns 133,504 shares of the company’s stock, valued at $5,830,119.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Mark E. Jagiela sold 80,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $43.55, for a total value of $3,484,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 172,844 shares of company stock valued at $7,244,931. Insiders own 0.62% of the company’s stock.
Shares of Teradyne, Inc. (TER) traded up $0.21 on Monday, reaching $40.51. The company’s stock had a trading volume of 1,779,300 shares, compared to its average volume of 2,440,549. The stock has a market capitalization of $7,946.35, a price-to-earnings ratio of 18.41, a P/E/G ratio of 1.52 and a beta of 1.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.67 and a current ratio of 4.96. Teradyne, Inc. has a 1-year low of $25.24 and a 1-year high of $44.63.
Teradyne (NYSE:TER) last issued its earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.11. The business had revenue of $503.40 million during the quarter, compared to analyst estimates of $472.86 million. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. Teradyne’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 earnings per share. equities research analysts anticipate that Teradyne, Inc. will post 2.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, November 29th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, November 28th. Teradyne’s dividend payout ratio (DPR) is presently 13.08%.
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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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