Principal Financial Group Inc. grew its position in Teradyne, Inc. (NYSE:TER) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 864,158 shares of the semiconductor company’s stock after purchasing an additional 7,179 shares during the quarter. Principal Financial Group Inc. owned approximately 0.44% of Teradyne worth $32,225,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in TER. JPMorgan Chase & Co. raised its position in shares of Teradyne by 238.2% in the second quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock valued at $116,451,000 after purchasing an additional 2,731,167 shares during the period. BlackRock Inc. grew its stake in shares of Teradyne by 13.3% in the second quarter. BlackRock Inc. now owns 20,807,353 shares of the semiconductor company’s stock worth $624,846,000 after acquiring an additional 2,437,869 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Teradyne by 71.0% in the second quarter. Wells Fargo & Company MN now owns 4,293,075 shares of the semiconductor company’s stock worth $128,922,000 after acquiring an additional 1,781,854 shares during the last quarter. Coatue Management LLC acquired a new stake in shares of Teradyne in the second quarter worth $39,545,000. Finally, Renaissance Technologies LLC grew its stake in shares of Teradyne by 200.9% in the second quarter. Renaissance Technologies LLC now owns 1,886,700 shares of the semiconductor company’s stock worth $56,658,000 after acquiring an additional 1,259,599 shares during the last quarter. 90.65% of the stock is currently owned by institutional investors.
In other news, Director Edwin J. Gillis sold 41,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $35.63, for a total transaction of $1,460,830.00. Following the completion of the transaction, the director now directly owns 49,638 shares in the company, valued at approximately $1,768,601.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Charles Jeffrey Gray sold 8,161 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $42.25, for a total value of $344,802.25. Following the transaction, the vice president now owns 31,500 shares of the company’s stock, valued at $1,330,875. The disclosure for this sale can be found here. Insiders have sold a total of 236,012 shares of company stock valued at $9,495,829 over the last three months. Company insiders own 0.62% of the company’s stock.
Shares of Teradyne, Inc. (TER) opened at $43.57 on Friday. The firm has a market capitalization of $8,546.60, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04. Teradyne, Inc. has a twelve month low of $23.39 and a twelve month high of $44.33. 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 (NYSE:TER) last announced its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.11. The firm had revenue of $503.40 million during the quarter, compared to analysts’ expectations of $472.86 million. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS. equities analysts anticipate that Teradyne, Inc. will post 2.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, November 29th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.28 annualized dividend and a yield of 0.64%. Teradyne’s dividend payout ratio is currently 13.08%.
Several brokerages have recently issued reports on TER. BidaskClub downgraded shares of Teradyne from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Robert W. Baird restated a “positive” rating and issued a $48.00 price objective (up previously from $37.00) on shares of Teradyne in a research note on Friday, October 27th. KeyCorp upgraded shares of Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 price target on the stock in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Teradyne from a “sell” rating to a “hold” rating and set a $39.00 price target on the stock in a research note on Thursday, July 27th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $43.00 price target on shares of Teradyne in a research note on Tuesday, September 19th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Teradyne currently has an average rating of “Buy” and a consensus target price of $40.17.
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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