Jacobs Levy Equity Management Inc. trimmed its position in shares of Teradyne, Inc. (NYSE:TER) by 9.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 205,930 shares of the semiconductor company’s stock after selling 20,690 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Teradyne were worth $8,204,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BB&T Securities LLC lifted its position in shares of Teradyne by 21.7% during the fourth quarter. BB&T Securities LLC now owns 13,439 shares of the semiconductor company’s stock valued at $421,000 after buying an additional 2,398 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Teradyne by 12.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,456 shares of the semiconductor company’s stock valued at $548,000 after buying an additional 1,964 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Teradyne during the fourth quarter valued at about $8,482,000. Oregon Public Employees Retirement Fund lifted its position in shares of Teradyne by 2,983.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,334,484 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 2,258,762 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Teradyne by 15.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,966,313 shares of the semiconductor company’s stock valued at $61,703,000 after buying an additional 262,014 shares during the last quarter.
In related news, CFO Gregory R. Beecher sold 40,296 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $47.97, for a total value of $1,932,999.12. Following the transaction, the chief financial officer now owns 46,322 shares in the company, valued at approximately $2,222,066.34. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael A. Bradley sold 27,049 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 74,008 shares in the company, valued at approximately $3,622,691.60. The disclosure for this sale can be found here. Insiders sold a total of 77,345 shares of company stock valued at $3,751,648 over the last ninety days. 0.49% of the stock is currently owned by insiders.
Shares of Teradyne stock opened at $44.03 on Friday. The company has a market capitalization of $7.55 billion, a P/E ratio of 18.82, a P/E/G ratio of 2.02 and a beta of 1.25. The company has a quick ratio of 3.76, a current ratio of 4.10 and a debt-to-equity ratio of 0.23. Teradyne, Inc. has a 52 week low of $28.73 and a 52 week high of $49.83.
Teradyne (NYSE:TER) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.10. The firm had revenue of $494.00 million during the quarter, compared to analyst estimates of $476.23 million. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. Teradyne’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS. Analysts expect that Teradyne, Inc. will post 2.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Wednesday, May 29th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, May 28th. Teradyne’s payout ratio is currently 15.38%.
Several research firms have commented on TER. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating and set a $55.00 price target for the company in a research report on Friday, April 26th. DA Davidson increased their price target on shares of Teradyne to $48.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Robert W. Baird raised shares of Teradyne from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $39.00 to $55.00 in a research report on Thursday, April 25th. Cowen reaffirmed a “market perform” rating and issued a $50.00 price objective (up from $40.00) on shares of Teradyne in a research report on Thursday, April 25th. Finally, Stifel Nicolaus increased their price objective on shares of Teradyne from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $45.60.
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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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