Loomis Sayles & Co. L P trimmed its holdings in shares of Teradyne, Inc. (NYSE:TER) by 55.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 434,283 shares of the semiconductor company’s stock after selling 536,704 shares during the period. Loomis Sayles & Co. L P’s holdings in Teradyne were worth $16,060,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in TER. Cornerstone Wealth Management LLC acquired a new position in shares of Teradyne during the 3rd quarter worth approximately $214,000. Perpetual Ltd acquired a new position in shares of Teradyne during the 3rd quarter worth approximately $215,000. Emerald Advisers Inc. PA acquired a new position in shares of Teradyne during the 3rd quarter worth approximately $281,000. Strs Ohio acquired a new position in shares of Teradyne during the 2nd quarter worth approximately $309,000. Finally, Commonwealth Bank of Australia acquired a new position in shares of Teradyne during the 3rd quarter worth approximately $343,000.
NYSE TER opened at $32.61 on Friday. Teradyne, Inc. has a one year low of $30.22 and a one year high of $50.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.10 and a quick ratio of 3.76. The firm has a market capitalization of $6.56 billion, a P/E ratio of 13.94, a PEG ratio of 2.02 and a beta of 1.25.
Teradyne (NYSE:TER) last posted its quarterly earnings data on Tuesday, October 23rd. The semiconductor company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.08. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The firm had revenue of $566.90 million during the quarter, compared to the consensus estimate of $556.87 million. During the same period in the prior year, the company earned $0.54 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts forecast that Teradyne, Inc. will post 2.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, November 27th. Teradyne’s payout ratio is currently 15.38%.
Several research firms recently commented on TER. ValuEngine raised Teradyne from a “sell” rating to a “hold” rating in a research note on Monday, November 26th. Zacks Investment Research downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 12th. Credit Suisse Group reduced their price objective on Teradyne from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. Bank of America downgraded Teradyne from a “buy” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research note on Monday, November 26th. Finally, Citigroup reduced their price objective on Teradyne from $51.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, September 25th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Teradyne presently has an average rating of “Hold” and an average price target of $43.70.
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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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