Van ECK Associates Corp Increases Stake in Teradyne, Inc. (TER)
Van ECK Associates Corp lifted its stake in shares of Teradyne, Inc. (NYSE:TER) by 78.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 340,488 shares of the semiconductor company’s stock after purchasing an additional 149,914 shares during the quarter. Van ECK Associates Corp owned about 0.17% of Teradyne worth $12,697,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. grew its holdings in Teradyne by 2,678.1% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock worth $156,000 after buying an additional 4,044 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA bought a new position in Teradyne in the 3rd quarter worth approximately $4,975,000. Icon Advisers Inc. Co. grew its holdings in Teradyne by 216.1% in the 3rd quarter. Icon Advisers Inc. Co. now owns 72,409 shares of the semiconductor company’s stock worth $2,700,000 after buying an additional 49,500 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Teradyne by 21.2% in the 3rd quarter. Pacer Advisors Inc. now owns 34,685 shares of the semiconductor company’s stock worth $1,293,000 after buying an additional 6,058 shares in the last quarter. Finally, Columbus Circle Investors grew its holdings in Teradyne by 16.5% in the 3rd quarter. Columbus Circle Investors now owns 723,945 shares of the semiconductor company’s stock worth $26,996,000 after buying an additional 102,392 shares in the last quarter. Institutional investors and hedge funds own 97.17% of the company’s stock.
A number of equities analysts have issued reports on TER shares. Zacks Investment Research raised Teradyne from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Tuesday, September 19th. Citigroup Inc. increased their price target on Teradyne from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, October 30th. KeyCorp reaffirmed a “buy” rating and set a $47.00 price target on shares of Teradyne in a research note on Friday, October 27th. BidaskClub lowered Teradyne from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Deutsche Bank AG lowered Teradyne from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a research note on Monday, November 20th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Teradyne has a consensus rating of “Buy” and an average target price of $41.00.
In other news, VP Charles Jeffrey Gray sold 8,161 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $42.25, for a total transaction of $344,802.25. Following the completion of the sale, the vice president now directly owns 31,500 shares of the company’s stock, valued at approximately $1,330,875. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark E. Jagiela sold 80,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was 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. Over the last three months, insiders have sold 236,012 shares of company stock valued at $9,495,829. Corporate insiders own 0.62% of the company’s stock.
Teradyne, Inc. (NYSE TER) traded up $0.36 on Monday, hitting $43.64. The stock had a trading volume of 1,006,000 shares, compared to its average volume of 2,436,293. The company has a market cap of $8,560.33, a price-to-earnings ratio of 19.84, a PEG ratio of 1.64 and a beta of 1.04. The company has a current ratio of 4.96, a quick ratio of 4.67 and a debt-to-equity ratio of 0.17. Teradyne, Inc. has a 1-year low of $23.39 and a 1-year high of $44.63.
Teradyne (NYSE:TER) last released its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, topping the 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%. The company’s revenue was up 22.6% compared to the same quarter last year. During the same period last year, the company posted $0.31 EPS. equities research analysts expect that Teradyne, Inc. will post 2.22 EPS for the current fiscal 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 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, November 28th. Teradyne’s dividend payout ratio 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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