Millennium Management LLC increased its position in shares of Teradyne, Inc. (NYSE:TER) by 14.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,260,870 shares of the semiconductor company’s stock after acquiring an additional 162,692 shares during the period. Millennium Management LLC owned approximately 0.64% of Teradyne worth $52,793,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in TER. Ark Investment Management LLC grew its holdings in Teradyne by 32.1% during the second quarter. Ark Investment Management LLC now owns 172,918 shares of the semiconductor company’s stock worth $5,193,000 after acquiring an additional 42,031 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Teradyne during the third quarter worth about $278,000. Alps Advisors Inc. acquired a new position in Teradyne during the third quarter worth about $486,000. Rhumbline Advisers grew its holdings in Teradyne by 4.7% during the third quarter. Rhumbline Advisers now owns 421,059 shares of the semiconductor company’s stock worth $15,701,000 after acquiring an additional 18,764 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in Teradyne by 81.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 52,500 shares of the semiconductor company’s stock worth $1,819,000 after acquiring an additional 23,500 shares during the period. 98.56% of the stock is currently owned by hedge funds and other institutional investors.
In other Teradyne news, VP Charles Jeffrey Gray sold 5,040 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $47.25, for a total transaction of $238,140.00. Following the completion of the sale, the vice president now directly owns 31,593 shares in the company, valued at approximately $1,492,769.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gregory Stephen Smith sold 7,431 shares of the firm’s stock in a transaction dated 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 owns 6,599 shares of the company’s stock, valued at $293,721.49. The disclosure for this sale can be found here. Insiders sold a total of 146,009 shares of company stock worth $6,731,077 in the last three months. 0.62% of the stock is currently owned by company insiders.
A number of research analysts recently issued reports on TER shares. Zacks Investment Research raised Teradyne from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, November 28th. Goldman Sachs raised Teradyne from a “neutral” rating to a “buy” rating in a report on Tuesday, December 12th. ValuEngine raised Teradyne from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. DA Davidson lifted their target price on Teradyne to $55.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Stifel Nicolaus lifted their price target on Teradyne from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Teradyne presently has a consensus rating of “Buy” and a consensus price target of $48.00.
Teradyne, Inc. (TER) opened at $48.70 on Tuesday. The firm has a market capitalization of $9,620.66, a PE ratio of 38.35, a P/E/G ratio of 1.63 and a beta of 1.11. Teradyne, Inc. has a 12 month low of $29.68 and a 12 month high of $50.68. 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 issued its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.12. The firm had revenue of $479.00 million for 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%. Teradyne’s revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. analysts expect that Teradyne, Inc. will post 2.52 earnings per share for the current fiscal year.
Teradyne announced that its Board of Directors has approved a share buyback program on Wednesday, January 24th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the semiconductor company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, February 23rd will be paid a $0.09 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 0.74%. This is a boost from Teradyne’s previous quarterly dividend of $0.07. Teradyne’s dividend payout ratio (DPR) is currently 28.35%.
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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