Cetera Advisor Networks LLC purchased a new position in shares of Teradyne, Inc. (NYSE:TER) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,715 shares of the semiconductor company’s stock, valued at approximately $368,000.
Other hedge funds have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Teradyne by 2,678.1% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock worth $156,000 after buying an additional 4,044 shares during the last quarter. Krilogy Financial LLC acquired a new position in shares of Teradyne during the third quarter worth approximately $179,000. Zweig DiMenna Associates LLC bought a new stake in shares of Teradyne during the third quarter valued at approximately $201,000. Fiduciary Trust Co. bought a new stake in shares of Teradyne during the fourth quarter valued at approximately $205,000. Finally, Delta Capital Management LLC bought a new stake in shares of Teradyne during the fourth quarter valued at approximately $206,000. Institutional investors own 98.08% of the company’s stock.
In other Teradyne news, insider Gregory Stephen Smith sold 7,431 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $44.51, for a total value of $330,753.81. Following the sale, the insider now directly owns 6,599 shares in the company, valued at $293,721.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Charles Jeffrey Gray sold 32,238 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $46.31, for a total value of $1,492,941.78. Following the completion of the sale, the vice president now owns 37,057 shares in the company, valued at $1,716,109.67. The disclosure for this sale can be found here. Insiders sold 146,009 shares of company stock worth $6,731,077 over the last quarter. Company insiders own 0.62% of the company’s stock.
TER has been the topic of a number of research reports. Robert W. Baird restated a “positive” rating and set a $48.00 price objective (up from $37.00) on shares of Teradyne in a research report on Friday, October 27th. KeyCorp restated a “buy” rating and set a $47.00 price objective on shares of Teradyne in a research report on Friday, October 27th. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective on the stock in a research report on Friday, October 27th. Credit Suisse Group boosted their price objective on Teradyne from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, Citigroup boosted their price objective on Teradyne from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $48.00.
Shares of Teradyne, Inc. (NYSE TER) opened at $44.90 on Wednesday. Teradyne, Inc. has a 1 year low of $28.38 and a 1 year high of $48.53. The firm has a market capitalization of $8,810.00, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.46 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.00 and a quick ratio of 4.76.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. Teradyne had a return on equity of 23.37% and a net margin of 12.06%. The firm had revenue of $479.00 million for the quarter, compared to analysts’ expectations of $438.85 million. During the same period in the prior year, the business posted $0.32 earnings per share. The business’s revenue was up 26.1% compared to the same quarter last year. equities research analysts anticipate that Teradyne, Inc. will post 2.47 EPS for the current fiscal year.
Teradyne announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, February 23rd will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.80%. This is a boost from Teradyne’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, February 22nd. Teradyne’s dividend payout ratio is 12.73%.
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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