Meeder Asset Management Inc. decreased its stake in Teradyne, Inc. (NYSE:TER) by 63.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,880 shares of the semiconductor company’s stock after selling 17,420 shares during the quarter. Meeder Asset Management Inc.’s holdings in Teradyne were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in TER. Argent Capital Management LLC bought a new position in shares of Teradyne in the 3rd quarter valued at approximately $47,393,000. Janus Henderson Group PLC bought a new position in Teradyne in the 2nd quarter worth approximately $23,288,000. Kayne Anderson Rudnick Investment Management LLC increased its position in Teradyne by 2,108.2% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 798,311 shares of the semiconductor company’s stock worth $29,769,000 after buying an additional 762,159 shares during the period. APG Asset Management N.V. increased its position in Teradyne by 170.3% in the 4th quarter. APG Asset Management N.V. now owns 1,200,800 shares of the semiconductor company’s stock worth $41,870,000 after buying an additional 756,500 shares during the period. Finally, Pictet Asset Management Ltd. grew its holdings in shares of Teradyne by 25.5% during the 3rd quarter. Pictet Asset Management Ltd. now owns 3,034,185 shares of the semiconductor company’s stock worth $113,144,000 after purchasing an additional 615,971 shares in the last quarter. Institutional investors and hedge funds own 95.71% of the company’s stock.
Several analysts have recently weighed in on the company. Deutsche Bank lowered Teradyne from a “buy” rating to a “hold” rating and set a $44.00 price objective on the stock. in a report on Monday, November 20th. ValuEngine lowered Teradyne from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Citigroup boosted their price target on Teradyne from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research lowered Teradyne from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Finally, Evercore ISI raised Teradyne from an “in-line” rating to an “outperform” rating in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Teradyne currently has an average rating of “Buy” and an average target price of $48.00.
In other news, CFO Gregory R. Beecher sold 71,300 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $46.57, for a total transaction of $3,320,441.00. Following the transaction, the chief financial officer now owns 77,676 shares in the company, valued at $3,617,371.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Charles Jeffrey Gray sold 5,040 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $47.25, for a total value of $238,140.00. Following the transaction, the vice president now owns 31,593 shares in the company, valued at approximately $1,492,769.25. The disclosure for this sale can be found here. Insiders sold 146,009 shares of company stock worth $6,731,077 in the last 90 days. Corporate insiders own 0.62% of the company’s stock.
Teradyne, Inc. (NYSE TER) traded down $0.15 during mid-day trading on Friday, hitting $43.31. The stock had a trading volume of 2,193,107 shares, compared to its average volume of 3,130,000. Teradyne, Inc. has a 52 week low of $28.38 and a 52 week high of $48.53. The company has a quick ratio of 4.76, a current ratio of 5.00 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $8,500.00, a PE ratio of 19.69, a P/E/G ratio of 1.46 and a beta of 1.13.
Teradyne (NYSE:TER) last issued its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.34 by $0.12. The firm had revenue of $479.00 million during the quarter, compared to analysts’ expectations of $438.85 million. Teradyne had a return on equity of 23.37% and a net margin of 12.06%. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. sell-side analysts anticipate that Teradyne, Inc. will post 2.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, February 23rd will be paid a $0.09 dividend. This is a positive change from Teradyne’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.36 annualized dividend and a yield of 0.83%. Teradyne’s dividend payout ratio is currently 12.73%.
Teradyne announced that its Board of Directors has authorized a share buyback plan on Wednesday, January 24th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the semiconductor company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
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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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