Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Teradyne, Inc. (NYSE:TER) by 549.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 246,974 shares of the semiconductor company’s stock after buying an additional 208,929 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.14% of Teradyne worth $9,839,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Teradyne in the 4th quarter valued at approximately $76,752,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Teradyne by 2,983.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,334,484 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 2,258,762 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Teradyne by 15.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,966,313 shares of the semiconductor company’s stock valued at $61,703,000 after buying an additional 262,014 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Teradyne by 11.5% in the fourth quarter. Two Sigma Advisers LP now owns 1,870,875 shares of the semiconductor company’s stock valued at $58,708,000 after buying an additional 192,340 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Teradyne by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 1,858,833 shares of the semiconductor company’s stock valued at $58,330,000 after buying an additional 61,482 shares in the last quarter.
In other news, CFO Gregory R. Beecher sold 40,296 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $47.97, for a total value of $1,932,999.12. Following the completion of the transaction, the chief financial officer now directly owns 46,322 shares of the company’s stock, valued at $2,222,066.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brad Robbins sold 10,000 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $49.46, for a total value of $494,600.00. Following the completion of the transaction, the insider now directly owns 43,840 shares of the company’s stock, valued at $2,168,326.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,345 shares of company stock valued at $3,751,648. 0.49% of the stock is currently owned by insiders.
A number of analysts recently weighed in on TER shares. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating and set a $55.00 price target on the stock in a research note on Friday, April 26th. Stifel Nicolaus lifted their price target on Teradyne from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Cowen restated a “market perform” rating and issued a $50.00 price target (up from $40.00) on shares of Teradyne in a research note on Thursday, April 25th. Credit Suisse Group restated a “hold” rating on shares of Teradyne in a research note on Friday, January 25th. Finally, DA Davidson lifted their price target on Teradyne to $48.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.60.
TER stock traded down $0.42 during midday trading on Wednesday, hitting $43.50. 2,020,980 shares of the stock were exchanged, compared to its average volume of 2,351,589. The stock has a market cap of $7.56 billion, a PE ratio of 18.59, a P/E/G ratio of 2.02 and a beta of 1.25. Teradyne, Inc. has a fifty-two week low of $28.73 and a fifty-two week high of $49.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.76 and a current ratio of 4.10.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.10. The firm had revenue of $494.00 million during the quarter, compared to analysts’ expectations of $476.23 million. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. Teradyne’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, equities research analysts predict that Teradyne, Inc. will post 2.25 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Wednesday, May 29th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $0.36 annualized dividend and a yield of 0.83%. Teradyne’s dividend payout ratio is presently 15.38%.
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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.
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