Alkeon Capital Management LLC cut its stake in Teradyne, Inc. (NYSE:TER) by 23.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,385,161 shares of the semiconductor company’s stock after selling 735,000 shares during the quarter. Alkeon Capital Management LLC owned approximately 1.22% of Teradyne worth $88,943,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in TER. Argent Capital Management LLC acquired a new position in shares of Teradyne during the 3rd quarter worth approximately $47,393,000. California Public Employees Retirement System raised its stake in shares of Teradyne by 6.4% during the 3rd quarter. California Public Employees Retirement System now owns 513,767 shares of the semiconductor company’s stock worth $19,158,000 after buying an additional 31,067 shares during the period. Krilogy Financial LLC acquired a new position in shares of Teradyne during the 3rd quarter worth approximately $179,000. Janney Montgomery Scott LLC raised its stake in shares of Teradyne by 192.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 60,254 shares of the semiconductor company’s stock worth $2,247,000 after buying an additional 39,659 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Teradyne by 22.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,517 shares of the semiconductor company’s stock worth $243,000 after buying an additional 1,209 shares during the period. 96.72% of the stock is owned by institutional investors.
Shares of Teradyne, Inc. (NYSE TER) traded down $0.05 on Tuesday, hitting $40.46. The company had a trading volume of 1,388,100 shares, compared to its average volume of 2,436,126. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.96 and a quick ratio of 4.67. Teradyne, Inc. has a 52-week low of $25.24 and a 52-week high of $44.63. The stock has a market capitalization of $7,946.35, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.52 and a beta of 1.01.
Teradyne (NYSE:TER) last issued its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.11. The firm had revenue of $503.40 million during the quarter, compared to analysts’ expectations of $472.86 million. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share. sell-side analysts predict that Teradyne, Inc. will post 2.22 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, November 29th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, November 28th. Teradyne’s payout ratio is currently 13.08%.
Several research analysts have recently weighed in on the company. Deutsche Bank downgraded Teradyne from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research note on Monday, November 20th. Zacks Investment Research cut Teradyne from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. Citigroup boosted their price target on Teradyne from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. KeyCorp reiterated a “buy” rating and set a $47.00 price target on shares of Teradyne in a research report on Friday, October 27th. Finally, Robert W. Baird reiterated a “positive” rating and set a $48.00 price target (up from $37.00) on shares of Teradyne in a research report on Friday, October 27th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $41.25.
In other Teradyne news, insider Brad Robbins sold 12,045 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $42.19, for a total value of $508,178.55. Following the completion of the sale, the insider now directly owns 7,126 shares in the company, valued at approximately $300,645.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael A. Bradley sold 17,390 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $36.30, for a total value of $631,257.00. Following the completion of the sale, the director now owns 154,132 shares of the company’s stock, valued at $5,594,991.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,596 shares of company stock valued at $6,698,138. 0.62% of the stock is owned by company insiders.
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Teradyne Company Profile
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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