MML Investors Services LLC decreased its holdings in Teradyne, Inc. (NYSE:TER) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,630 shares of the semiconductor company’s stock after selling 349 shares during the quarter. MML Investors Services LLC’s holdings in Teradyne were worth $981,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in TER. Commonwealth Bank of Australia raised its position in Teradyne by 10.8% during the 4th quarter. Commonwealth Bank of Australia now owns 10,300 shares of the semiconductor company’s stock worth $323,000 after buying an additional 1,000 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Teradyne by 15.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,966,313 shares of the semiconductor company’s stock worth $61,703,000 after buying an additional 262,014 shares during the last quarter. Boston Family Office LLC raised its position in Teradyne by 18.0% during the 4th quarter. Boston Family Office LLC now owns 17,725 shares of the semiconductor company’s stock worth $556,000 after buying an additional 2,700 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Teradyne during the 4th quarter worth $551,000. Finally, First Trust Advisors LP raised its position in Teradyne by 168.4% during the 4th quarter. First Trust Advisors LP now owns 257,090 shares of the semiconductor company’s stock worth $8,067,000 after buying an additional 161,314 shares during the last quarter.
NYSE:TER opened at $45.09 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.76 and a current ratio of 4.10. Teradyne, Inc. has a fifty-two week low of $28.73 and a fifty-two week high of $49.83. The firm has a market cap of $7.89 billion, a PE ratio of 19.27, a P/E/G ratio of 2.02 and a beta of 1.25.
Teradyne (NYSE:TER) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.10. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The business had revenue of $494.00 million for the quarter, compared to analysts’ expectations of $476.23 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities research analysts expect that Teradyne, Inc. will post 2.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Wednesday, May 29th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.80%. Teradyne’s dividend payout ratio (DPR) is presently 15.38%.
In other news, CFO Gregory R. Beecher sold 40,296 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $47.97, for a total transaction of $1,932,999.12. Following the transaction, the chief financial officer now directly owns 46,322 shares of the company’s stock, valued at approximately $2,222,066.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael A. Bradley sold 27,049 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $48.95, for a total transaction of $1,324,048.55. Following the transaction, the director now directly owns 74,008 shares in the company, valued at $3,622,691.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,345 shares of company stock worth $3,751,648. Corporate insiders own 0.49% of the company’s stock.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective for the company in a research report on Friday, April 26th. DA Davidson upped their price objective on shares of Teradyne to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Robert W. Baird upgraded shares of Teradyne from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $39.00 to $55.00 in a research report on Thursday, April 25th. Cowen restated a “market perform” rating and set a $50.00 price objective (up previously from $40.00) on shares of Teradyne in a research report on Thursday, April 25th. Finally, Stifel Nicolaus upped their price objective on shares of Teradyne from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $45.60.
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Teradyne Company Profile
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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