OxFORD Asset Management LLP lessened its holdings in shares of Teradyne, Inc. (NYSE:TER) by 53.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,304 shares of the semiconductor company’s stock after selling 36,874 shares during the quarter. OxFORD Asset Management LLP’s holdings in Teradyne were worth $1,200,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WFG Advisors LP raised its stake in shares of Teradyne by 21.9% in the 2nd quarter. WFG Advisors LP now owns 3,900 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 700 shares during the period. Paradigm Asset Management Co. LLC raised its stake in shares of Teradyne by 193.3% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 2,900 shares during the period. IFP Advisors Inc raised its stake in shares of Teradyne by 4.6% in the 2nd quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock valued at $144,000 after purchasing an additional 211 shares during the period. Fiduciary Trust Co. bought a new position in shares of Teradyne in the 2nd quarter valued at about $147,000. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in shares of Teradyne by 2,678.1% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 4,044 shares in the last quarter. 96.45% of the stock is currently owned by hedge funds and other institutional investors.
Teradyne, Inc. (TER) traded up $0.24 during trading on Thursday, reaching $44.53. The company had a trading volume of 1,564,054 shares, compared to its average volume of 2,317,157. Teradyne, Inc. has a fifty-two week low of $25.72 and a fifty-two week high of $46.48. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.96 and a quick ratio of 4.67. The company has a market capitalization of $8,730.00, a PE ratio of 20.81, a P/E/G ratio of 1.64 and a beta of 1.01.
Teradyne (NYSE:TER) last posted its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. Teradyne had a return on equity of 19.95% and a net margin of 20.55%. The business had revenue of $503.40 million during the quarter, compared to analysts’ expectations of $472.86 million. During the same quarter last year, the company posted $0.31 earnings per share. Teradyne’s quarterly revenue was up 22.6% on a year-over-year basis. sell-side analysts anticipate that Teradyne, Inc. will post 2.22 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Wednesday, November 29th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Tuesday, November 28th. Teradyne’s payout ratio is currently 13.08%.
TER has been the subject of several analyst reports. KeyCorp restated a “buy” rating and issued a $47.00 price objective on shares of Teradyne in a report on Friday, October 27th. Citigroup raised their price objective on Teradyne from $43.00 to $48.00 and gave the company a “buy” rating in a report on Monday, October 30th. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, September 19th. Goldman Sachs Group upgraded Teradyne from a “neutral” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Deutsche Bank cut Teradyne from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a report on Monday, November 20th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $42.55.
In other Teradyne news, Director Michael A. Bradley sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $43.67, for a total transaction of $873,400.00. Following the completion of the sale, the director now directly owns 133,504 shares in the company, valued at $5,830,119.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark E. Jagiela sold 80,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $43.55, for a total transaction of $3,484,000.00. The disclosure for this sale can be found here. Insiders have sold 140,206 shares of company stock valued at $6,066,881 in the last quarter. 0.62% of the stock is currently owned by corporate insiders.
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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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