Voya Investment Management LLC Has $2.26 Million Holdings in Teradyne, Inc. (TER)
Voya Investment Management LLC raised its stake in Teradyne, Inc. (NYSE:TER) by 22.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,183 shares of the semiconductor company’s stock after buying an additional 14,016 shares during the quarter. Voya Investment Management LLC’s holdings in Teradyne were worth $2,258,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Paradigm Asset Management Co. LLC grew its holdings in Teradyne by 193.3% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock valued at $132,000 after buying an additional 2,900 shares in the last quarter. IFP Advisors Inc grew its holdings in Teradyne by 4.6% in the 2nd quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 211 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in Teradyne in the 2nd quarter valued at $147,000. TLP Group LLC purchased a new stake in Teradyne in the 2nd quarter valued at $201,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Teradyne by 10.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,228 shares of the semiconductor company’s stock valued at $217,000 after buying an additional 660 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.
Several brokerages have issued reports on TER. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Friday, September 8th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $41.00 target price (up from $32.00) on shares of Teradyne in a report on Monday, September 18th. Stifel Nicolaus restated a “buy” rating on shares of Teradyne in a report on Thursday, July 27th. BidaskClub cut Teradyne from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Finally, Cowen and Company set a $41.00 price target on Teradyne and gave the company a “buy” rating in a research note on Friday, July 28th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $36.83.
In related news, insider Mark E. Jagiela sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the completion of the transaction, the insider now owns 248,413 shares of the company’s stock, valued at $8,570,248.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the director now directly owns 194,938 shares of the company’s stock, valued at approximately $6,947,590.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 141,698 shares of company stock valued at $5,012,857. 0.62% of the stock is owned by corporate insiders.
Teradyne, Inc. (TER) opened at 38.63 on Tuesday. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 19.93 and a beta of 0.98. The company’s 50-day moving average price is $36.56 and its 200 day moving average price is $34.37. Teradyne, Inc. has a 1-year low of $20.22 and a 1-year high of $39.05.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.86 by $0.04. The company had revenue of $697.00 million during the quarter, compared to analysts’ expectations of $683.66 million. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. Teradyne’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 earnings per share. On average, equities analysts expect that Teradyne, Inc. will post $1.98 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 7th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.28 annualized dividend and a yield of 0.72%. Teradyne’s dividend payout ratio is currently 14.51%.
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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