Jaffetilchin Investment Partners LLC acquired a new stake in Teradyne, Inc. (NYSE:TER) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,793 shares of the semiconductor company’s stock, valued at approximately $787,000.
Other hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its holdings in shares of Teradyne by 1.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,104,125 shares of the semiconductor company’s stock valued at $33,157,000 after acquiring an additional 20,506 shares during the last quarter. First Trust Advisors LP grew its position in shares of Teradyne by 34.5% in the second quarter. First Trust Advisors LP now owns 48,625 shares of the semiconductor company’s stock valued at $1,460,000 after purchasing an additional 12,482 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of Teradyne by 15.8% in the second quarter. Neuberger Berman Group LLC now owns 99,853 shares of the semiconductor company’s stock valued at $2,999,000 after purchasing an additional 13,658 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Teradyne by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,228 shares of the semiconductor company’s stock valued at $217,000 after purchasing an additional 660 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Teradyne by 0.7% in the second quarter. Swiss National Bank now owns 335,300 shares of the semiconductor company’s stock valued at $10,069,000 after purchasing an additional 2,400 shares in the last quarter. 96.34% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently weighed in on TER shares. KeyCorp reiterated a “buy” rating and issued a $47.00 price objective on shares of Teradyne in a research report on Friday, October 27th. Zacks Investment Research cut Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Credit Suisse Group upped their price target on Teradyne from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Evercore ISI upgraded Teradyne from an “in-line” rating to an “outperform” rating in a research note on Tuesday, January 2nd. Finally, Goldman Sachs Group upgraded Teradyne from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 12th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Teradyne currently has an average rating of “Buy” and a consensus target price of $48.00.
Teradyne (NYSE:TER) last announced its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.12. Teradyne had a return on equity of 23.37% and a net margin of 12.06%. The company had revenue of $479.00 million for the quarter, compared to analyst estimates of $438.85 million. During the same quarter in the previous year, the company earned $0.32 EPS. The firm’s revenue for the quarter was up 26.1% compared to the same quarter last year. equities analysts forecast that Teradyne, Inc. will post 2.47 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, February 23rd will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.81%. This is an increase from Teradyne’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, February 22nd. Teradyne’s dividend payout ratio (DPR) is presently 22.22%.
Teradyne announced that its board has approved a stock buyback program on Wednesday, January 24th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
In related news, insider Mark E. Jagiela sold 80,000 shares of Teradyne stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $43.55, for a total transaction of $3,484,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael A. Bradley sold 20,000 shares of Teradyne stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $43.67, for a total value of $873,400.00. Following the transaction, the director now owns 133,504 shares of the company’s stock, valued at $5,830,119.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 208,578 shares of company stock valued at $9,408,923. Insiders own 0.62% of the company’s stock.
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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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