USA Financial Portformulas Corp bought a new stake in Teradyne, Inc. (NYSE:TER) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,008 shares of the semiconductor company’s stock, valued at approximately $503,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of Teradyne by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 1,717,201 shares of the semiconductor company’s stock valued at $71,899,000 after buying an additional 150,144 shares during the period. Maverick Capital Ltd. acquired a new stake in Teradyne during the 4th quarter valued at approximately $7,847,000. Amalgamated Bank increased its position in Teradyne by 5.6% during the 4th quarter. Amalgamated Bank now owns 41,661 shares of the semiconductor company’s stock valued at $1,744,000 after purchasing an additional 2,198 shares during the period. K2 Principal Fund L.P. acquired a new stake in Teradyne during the 4th quarter valued at approximately $4,363,000. Finally, ARK Investment Management LLC increased its position in Teradyne by 28.9% during the 4th quarter. ARK Investment Management LLC now owns 306,909 shares of the semiconductor company’s stock valued at $12,850,000 after purchasing an additional 68,760 shares during the period. 98.70% of the stock is owned by institutional investors and hedge funds.
Shares of Teradyne, Inc. (NYSE TER) traded up $0.34 during mid-day trading on Wednesday, reaching $49.35. The company’s stock had a trading volume of 1,470,000 shares, compared to its average volume of 2,550,000. The company has a quick ratio of 4.76, a current ratio of 5.00 and a debt-to-equity ratio of 0.19. Teradyne, Inc. has a 12-month low of $29.68 and a 12-month high of $50.68. The company has a market capitalization of $9,640.00, a P/E ratio of 22.33, a P/E/G ratio of 1.65 and a beta of 1.10.
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 Thomson Reuters’ consensus estimate of $0.34 by $0.12. Teradyne had a return on equity of 23.37% and a net margin of 12.06%. The company 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 firm earned $0.32 earnings per share. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. equities analysts forecast that Teradyne, Inc. will post 2.52 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, February 23rd will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.73%. This is an increase from Teradyne’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, February 22nd. Teradyne’s payout ratio is 16.29%.
Teradyne announced that its Board of Directors has approved a share repurchase program on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
Several analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Teradyne from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Deutsche Bank cut Teradyne from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a report on Monday, November 20th. DA Davidson increased their target price on Teradyne to $55.00 and gave the stock a “buy” rating in a report on Friday, January 26th. ValuEngine cut Teradyne from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Citigroup raised their target price on Teradyne from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $48.00.
In other news, VP Charles Jeffrey Gray sold 5,040 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $47.25, for a total transaction of $238,140.00. Following the transaction, the vice president now directly owns 31,593 shares of the company’s stock, valued at $1,492,769.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark E. Jagiela sold 30,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $44.96, for a total value of $1,348,800.00. Following the completion of the transaction, the insider now directly owns 244,516 shares in the company, valued at approximately $10,993,439.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 146,009 shares of company stock worth $6,731,077. Corporate insiders own 0.62% of the company’s stock.
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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