Ameritas Investment Partners Inc. raised its holdings in shares of Teradyne, Inc. (NYSE:TER) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,538 shares of the semiconductor company’s stock after purchasing an additional 592 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Teradyne were worth $2,328,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Castleark Management LLC purchased a new position in shares of Teradyne during the second quarter valued at $12,652,000. Nomura Holdings Inc. increased its stake in shares of Teradyne by 6.5% during the second quarter. Nomura Holdings Inc. now owns 403,469 shares of the semiconductor company’s stock valued at $12,130,000 after buying an additional 24,600 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Teradyne by 16.9% during the second quarter. The Manufacturers Life Insurance Company now owns 409,612 shares of the semiconductor company’s stock valued at $12,300,000 after buying an additional 59,304 shares during the period. Caxton Associates LP purchased a new position in shares of Teradyne during the second quarter valued at $444,000. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Teradyne by 874.3% during the second quarter. Cubist Systematic Strategies LLC now owns 103,575 shares of the semiconductor company’s stock valued at $3,110,000 after buying an additional 92,944 shares during the period. Hedge funds and other institutional investors own 93.11% of the company’s stock.
Shares of Teradyne, Inc. (NYSE TER) traded up 0.375% during midday trading on Friday, hitting $38.795. The stock had a trading volume of 376,491 shares. Teradyne, Inc. has a one year low of $20.22 and a one year high of $39.05. The firm has a 50 day moving average price of $36.39 and a 200 day moving average price of $34.26. The stock has a market cap of $7.67 billion, a PE ratio of 20.018 and a beta of 0.98.
Teradyne (NYSE:TER) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $697.00 million for the quarter, compared to the consensus estimate of $683.66 million. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 EPS. On average, equities analysts forecast that Teradyne, Inc. will post $1.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 7th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, September 6th. This represents a $0.28 dividend on an annualized basis and a yield of 0.72%. Teradyne’s dividend payout ratio is presently 14.51%.
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In related news, 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 transaction of $631,257.00. Following the transaction, the director now owns 154,132 shares in the company, valued at approximately $5,594,991.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the director now owns 172,322 shares in the company, valued at approximately $6,179,466.92. The disclosure for this sale can be found here. Insiders have sold a total of 141,698 shares of company stock worth $5,012,857 in the last 90 days. 0.62% of the stock is currently owned by company insiders.
Several equities analysts have recently commented on TER shares. BidaskClub lowered Teradyne from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Stifel Nicolaus upgraded Teradyne from a “hold” rating to a “buy” rating and raised their price target for the company from $32.00 to $39.00 in a research note on Wednesday, July 5th. They noted that the move was a valuation call. Zacks Investment Research lowered Teradyne from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. KeyCorp upgraded Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 target price on the stock in a research note on Thursday, July 27th. Finally, Credit Suisse Group reiterated a “neutral” rating on shares of Teradyne in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus 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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