Teradyne, Inc. (TER) Shares Bought by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale grew its position in shares of Teradyne, Inc. (NYSE:TER) by 81.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 52,500 shares of the semiconductor company’s stock after acquiring an additional 23,500 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Teradyne were worth $1,819,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of TER. Capstone Asset Management Co. grew its holdings in shares of Teradyne by 7.5% during the 2nd quarter. Capstone Asset Management Co. now owns 16,793 shares of the semiconductor company’s stock worth $504,000 after acquiring an additional 1,170 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in shares of Teradyne in the 2nd quarter worth approximately $512,000. Oregon Public Employees Retirement Fund grew its stake in shares of Teradyne by 4.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 74,121 shares of the semiconductor company’s stock worth $2,226,000 after buying an additional 3,093 shares during the last quarter. Aperio Group LLC grew its stake in shares of Teradyne by 10.4% in the 2nd quarter. Aperio Group LLC now owns 50,126 shares of the semiconductor company’s stock worth $1,505,000 after buying an additional 4,707 shares during the last quarter. Finally, State Treasurer State of Michigan grew its stake in shares of Teradyne by 0.7% in the 2nd quarter. State Treasurer State of Michigan now owns 82,000 shares of the semiconductor company’s stock worth $2,462,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 97.17% of the company’s stock.
In other news, Director Michael A. Bradley sold 20,000 shares of the stock in a transaction 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 transaction, the director now directly owns 133,504 shares of the company’s stock, valued at approximately $5,830,119.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Charles Jeffrey Gray sold 8,161 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $42.25, for a total value of $344,802.25. Following the completion of the sale, the vice president now owns 31,500 shares of the company’s stock, valued at $1,330,875. The disclosure for this sale can be found here. Insiders have sold a total of 236,012 shares of company stock worth $9,495,829 over the last three months. Insiders own 0.62% of the company’s stock.
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Several analysts recently weighed in on the company. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Friday, August 25th. KeyCorp restated an “outperform” rating and issued a $40.00 price target on shares of Teradyne in a research note on Saturday, September 16th. Deutsche Bank AG downgraded Teradyne from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a research note on Monday. Citigroup Inc. upped their price target on Teradyne from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, BidaskClub downgraded Teradyne from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $41.00.
Teradyne, Inc. (NYSE:TER) opened at $43.28 on Thursday. The firm has a market capitalization of $8,634.86, a price-to-earnings ratio of 20.01, a PEG ratio of 1.65 and a beta of 1.04. 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 twelve month low of $23.39 and a twelve month high of $44.63.
Teradyne (NYSE:TER) last released its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.11. The firm had revenue of $503.40 million for the quarter, compared to analysts’ expectations of $472.86 million. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The company’s revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. sell-side analysts predict that Teradyne, Inc. will post 2.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, November 29th will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, November 28th. This represents a $0.28 annualized dividend and a dividend yield of 0.65%. Teradyne’s payout ratio is 13.08%.
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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