Tower Research Capital LLC TRC boosted its stake in Teradyne, Inc. (NYSE:TER) by 480.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 19,359 shares of the semiconductor company’s stock after acquiring an additional 16,024 shares during the period. Tower Research Capital LLC TRC’s holdings in Teradyne were worth $716,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Primecap Management Co. CA increased its holdings in shares of Teradyne by 1.9% during the 3rd quarter. Primecap Management Co. CA now owns 1,879,172 shares of the semiconductor company’s stock worth $69,492,000 after buying an additional 34,160 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Teradyne by 213.0% during the 3rd quarter. Hsbc Holdings PLC now owns 226,031 shares of the semiconductor company’s stock worth $8,358,000 after buying an additional 153,815 shares during the last quarter. United Services Automobile Association increased its holdings in shares of Teradyne by 0.9% during the 3rd quarter. United Services Automobile Association now owns 503,394 shares of the semiconductor company’s stock worth $18,616,000 after buying an additional 4,736 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Teradyne by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,416,764 shares of the semiconductor company’s stock worth $52,393,000 after buying an additional 4,626 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Teradyne during the 3rd quarter worth $588,000.

A number of analysts have recently commented on TER shares. Citigroup dropped their price objective on Teradyne from $51.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, September 25th. Cowen set a $36.00 price objective on Teradyne and gave the stock a “hold” rating in a report on Wednesday, October 24th. ValuEngine downgraded Teradyne from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Goldman Sachs Group downgraded Teradyne from a “buy” rating to a “neutral” rating in a report on Thursday, October 18th. Finally, Bank of America downgraded Teradyne from a “buy” rating to a “neutral” rating and lowered their price target for the company from $41.00 to $40.00 in a report on Tuesday, November 20th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $43.70.

Shares of NYSE TER opened at $34.49 on Thursday. Teradyne, Inc. has a 12-month low of $30.22 and a 12-month high of $50.68. The firm has a market capitalization of $6.56 billion, a P/E ratio of 14.74, a P/E/G ratio of 2.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.10 and a quick ratio of 3.76.

Teradyne (NYSE:TER) last announced its quarterly earnings results on Tuesday, October 23rd. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The firm had revenue of $566.90 million during the quarter, compared to the consensus estimate of $556.87 million. During the same period in the prior year, the firm earned $0.54 EPS. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, analysts forecast that Teradyne, Inc. will post 2.25 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, November 28th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.36 annualized dividend and a yield of 1.04%. Teradyne’s dividend payout ratio is currently 15.38%.

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About Teradyne

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.

Read More: Are all No-Load Funds Equal?

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Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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