KAMES CAPITAL plc increased its stake in Teradyne (NYSE:TER) by 1,037.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 460,392 shares of the semiconductor company’s stock after purchasing an additional 419,933 shares during the period. KAMES CAPITAL plc owned 0.24% of Teradyne worth $21,040,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Oakbrook Investments LLC boosted its stake in Teradyne by 6.4% in the 4th quarter. Oakbrook Investments LLC now owns 18,520 shares of the semiconductor company’s stock worth $775,000 after purchasing an additional 1,120 shares in the last quarter. Cypress Capital Management LLC WY boosted its stake in Teradyne by 10.7% in the 4th quarter. Cypress Capital Management LLC WY now owns 11,765 shares of the semiconductor company’s stock worth $493,000 after purchasing an additional 1,140 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Teradyne by 3.4% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 38,958 shares of the semiconductor company’s stock worth $1,631,000 after purchasing an additional 1,265 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA boosted its stake in Teradyne by 1.0% in the 4th quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 134,676 shares of the semiconductor company’s stock worth $5,639,000 after purchasing an additional 1,275 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Teradyne by 20.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,821 shares of the semiconductor company’s stock worth $332,000 after purchasing an additional 1,304 shares in the last quarter. Institutional investors own 99.00% of the company’s stock.
Teradyne opened at $37.39 on Friday, according to MarketBeat. Teradyne has a 12-month low of $29.68 and a 12-month high of $50.68. The company has a quick ratio of 5.26, a current ratio of 5.51 and a debt-to-equity ratio of 0.19. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.45 and a beta of 1.17.
Teradyne (NYSE:TER) last posted its quarterly earnings results on Tuesday, April 24th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Teradyne had a net margin of 11.97% and a return on equity of 23.45%. The company had revenue of $487.00 million during the quarter, compared to analyst estimates of $478.77 million. During the same period last year, the firm posted $0.61 EPS. Teradyne’s revenue for the quarter was up 6.6% compared to the same quarter last year. analysts expect that Teradyne will post 1.91 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Thursday, May 31st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, May 30th. Teradyne’s dividend payout ratio (DPR) is 15.38%.
Teradyne declared that its board has authorized a stock repurchase plan on Wednesday, January 24th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Monday, January 29th. ValuEngine upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus lowered their target price on shares of Teradyne from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, April 26th. Cowen assumed coverage on shares of Teradyne in a research note on Monday, May 14th. They issued a “market perform” rating and a $40.00 target price for the company. Finally, DA Davidson lowered shares of Teradyne from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $47.15.
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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