Northern Trust Corp raised its holdings in shares of Teradyne, Inc. (NYSE:TER) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,659,297 shares of the semiconductor company’s stock after acquiring an additional 4,056 shares during the period. Northern Trust Corp owned approximately 0.83% of Teradyne worth $49,827,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in TER. First Trust Advisors LP lifted its stake in Teradyne by 19.0% during the 1st quarter. First Trust Advisors LP now owns 36,143 shares of the semiconductor company’s stock valued at $1,124,000 after acquiring an additional 5,766 shares during the period. M&T Bank Corp lifted its stake in Teradyne by 3.9% during the 1st quarter. M&T Bank Corp now owns 12,204 shares of the semiconductor company’s stock valued at $380,000 after acquiring an additional 462 shares during the period. SG Americas Securities LLC lifted its stake in shares of Teradyne by 99.9% in the 1st quarter. SG Americas Securities LLC now owns 30,289 shares of the semiconductor company’s stock valued at $942,000 after purchasing an additional 15,137 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Teradyne by 41.2% in the 1st quarter. Neuberger Berman Group LLC now owns 86,195 shares of the semiconductor company’s stock valued at $2,681,000 after purchasing an additional 25,170 shares during the period. Finally, United Services Automobile Association lifted its stake in shares of Teradyne by 1.7% in the 1st quarter. United Services Automobile Association now owns 164,930 shares of the semiconductor company’s stock valued at $5,129,000 after purchasing an additional 2,832 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.
Shares of Teradyne, Inc. (NYSE:TER) opened at 38.63 on Tuesday. The company has a 50 day moving average of $36.56 and a 200-day moving average of $34.37. Teradyne, Inc. has a one year low of $20.22 and a one year high of $39.05. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 19.93 and a beta of 0.98.
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 Zacks’ consensus estimate of $0.86 by $0.04. The business had revenue of $697.00 million for the quarter, compared to analyst estimates of $683.66 million. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, analysts anticipate that Teradyne, Inc. will post $1.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 7th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Wednesday, September 6th. Teradyne’s dividend payout ratio (DPR) is currently 14.51%.
In other Teradyne news, Director Michael A. Bradley sold 15,248 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $35.86, for a total value of $546,793.28. Following the completion of the sale, the director now owns 172,322 shares in the company, valued at approximately $6,179,466.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael A. Bradley sold 17,390 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $36.30, for a total value of $631,257.00. Following the completion of the sale, the director now owns 154,132 shares of the company’s stock, valued at approximately $5,594,991.60. The disclosure for this sale can be found here. Insiders sold a total of 141,698 shares of company stock worth $5,012,857 in the last ninety days. Insiders own 0.62% of the company’s stock.
Several research firms recently issued reports on TER. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, September 8th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $41.00 price objective (up from $32.00) on shares of Teradyne in a research report on Monday, September 18th. Stifel Nicolaus restated a “buy” rating on shares of Teradyne in a research report on Thursday, July 27th. BidaskClub cut shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, Cowen and Company set a $41.00 price objective on shares of Teradyne and gave the stock a “buy” rating in a research report on Friday, July 28th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Teradyne currently has an average rating of “Buy” and an average target price of $36.83.
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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