Teradyne, Inc. (TER) Shares Bought by Zacks Investment Management
Zacks Investment Management boosted its stake in Teradyne, Inc. (NYSE:TER) by 7.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,215 shares of the semiconductor company’s stock after buying an additional 2,467 shares during the period. Zacks Investment Management’s holdings in Teradyne were worth $1,118,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of TER. Voya Investment Management LLC boosted its position in Teradyne by 22.9% during the 2nd quarter. Voya Investment Management LLC now owns 75,183 shares of the semiconductor company’s stock valued at $2,258,000 after acquiring an additional 14,016 shares in the last quarter. B. Riley Financial Inc. purchased a new position in shares of Teradyne during the 2nd quarter worth approximately $297,000. OxFORD Asset Management LLP purchased a new position in shares of Teradyne during the 2nd quarter worth approximately $2,077,000. Virtu KCG Holdings LLC grew its holdings in shares of Teradyne by 165.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 114,847 shares of the semiconductor company’s stock worth $3,449,000 after acquiring an additional 71,510 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Teradyne by 200.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,886,700 shares of the semiconductor company’s stock worth $56,658,000 after acquiring an additional 1,259,599 shares during the period. Institutional investors and hedge funds own 93.10% of the company’s stock.
Teradyne, Inc. (NYSE:TER) opened at 37.29 on Monday. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 19.24 and a beta of 0.98. The stock has a 50 day moving average price of $34.77 and a 200 day moving average price of $33.44. Teradyne, Inc. has a 52-week low of $20.22 and a 52-week high of $37.47.
Teradyne (NYSE:TER) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.04. The company had revenue of $697.00 million for the quarter, compared to analyst estimates of $683.66 million. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. Analysts expect that Teradyne, Inc. will post $1.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 7th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Wednesday, September 6th. Teradyne’s dividend payout ratio is currently 14.51%.
In related news, Director Michael A. Bradley sold 22,168 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were 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 owns 194,938 shares in the company, valued at approximately $6,947,590.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edwin J. Gillis sold 41,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $35.63, for a total transaction of $1,460,830.00. Following the transaction, the director now owns 49,638 shares of the company’s stock, valued at approximately $1,768,601.94. The disclosure for this sale can be found here. Insiders sold a total of 141,698 shares of company stock worth $5,012,857 over the last 90 days. Company insiders own 0.62% of the company’s stock.
A number of research analysts have recently commented on the company. BidaskClub cut Teradyne from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $41.00 price target (up from $32.00) on shares of Teradyne in a research note on Monday, September 18th. KeyCorp raised Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 price target on the stock in a research note on Thursday, July 27th. Zacks Investment Research upgraded Teradyne from a “sell” rating to a “hold” rating and set a $39.00 price objective for the company in a report on Thursday, July 27th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $43.00 price objective on shares of Teradyne in a report on Tuesday, September 19th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Teradyne has a consensus rating of “Buy” and an average target price of $36.83.
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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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