Swiss National Bank increased its position in Teradyne (NYSE:TER) by 1.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 341,400 shares of the semiconductor company’s stock after buying an additional 4,500 shares during the period. Swiss National Bank owned about 0.17% of Teradyne worth $15,605,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Oakbrook Investments LLC boosted its holdings in Teradyne by 6.4% in the 4th quarter. Oakbrook Investments LLC now owns 18,520 shares of the semiconductor company’s stock worth $775,000 after buying an additional 1,120 shares during the period. Cypress Capital Management LLC WY boosted its holdings in Teradyne by 10.7% in the 4th quarter. Cypress Capital Management LLC WY now owns 11,765 shares of the semiconductor company’s stock worth $493,000 after buying an additional 1,140 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in Teradyne by 3.4% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 38,958 shares of the semiconductor company’s stock worth $1,631,000 after buying an additional 1,265 shares during the period. Dixon Hubard Feinour & Brown Inc. VA boosted its holdings in Teradyne by 1.0% in the 4th quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 134,676 shares of the semiconductor company’s stock worth $5,639,000 after buying an additional 1,275 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in Teradyne by 20.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,821 shares of the semiconductor company’s stock worth $332,000 after buying an additional 1,304 shares during the period. 96.18% of the stock is owned by institutional investors.
Several research analysts recently weighed in on the stock. UBS assumed coverage on shares of Teradyne in a report on Wednesday, April 4th. They issued a “neutral” rating and a $49.00 target price for the company. Robert W. Baird raised shares of Teradyne from a “neutral” rating to an “outperform” rating in a report on Thursday, April 26th. ValuEngine raised shares of Teradyne from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. Credit Suisse Group dropped their price objective on shares of Teradyne from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, April 26th. Finally, DA Davidson downgraded shares of Teradyne from a “buy” rating to a “neutral” rating in a report on Wednesday, April 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $47.15.
Teradyne opened at $38.18 on Tuesday, according to Marketbeat Ratings. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 1.45 and a beta of 1.17. The company has a quick ratio of 5.17, a current ratio of 5.51 and a debt-to-equity ratio of 0.19. Teradyne has a 52 week low of $29.68 and a 52 week high of $50.68.
Teradyne (NYSE:TER) last issued its quarterly earnings results on Tuesday, April 24th. The semiconductor company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03. Teradyne had a net margin of 11.97% and a return on equity of 23.45%. The firm had revenue of $487.00 million during the quarter, compared to analysts’ expectations of $478.77 million. During the same quarter in the prior year, the business earned $0.61 EPS. Teradyne’s quarterly revenue was up 6.6% compared to the same quarter last year. sell-side analysts forecast that Teradyne will post 1.91 EPS for the current fiscal year.
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 buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Thursday, May 31st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Wednesday, May 30th. Teradyne’s dividend payout ratio (DPR) is presently 15.38%.
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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