Dimensional Fund Advisors LP lowered its stake in Teradyne, Inc. (NYSE:TER) by 10.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,736,124 shares of the semiconductor company’s stock after selling 202,669 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.89% of Teradyne worth $64,739,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in Teradyne by 238.2% during the second quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock worth $116,451,000 after buying an additional 2,731,167 shares during the last quarter. BlackRock Inc. grew its position in shares of Teradyne by 13.3% in the second quarter. BlackRock Inc. now owns 20,807,353 shares of the semiconductor company’s stock valued at $624,846,000 after purchasing an additional 2,437,869 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Teradyne by 71.0% in the second quarter. Wells Fargo & Company MN now owns 4,293,075 shares of the semiconductor company’s stock valued at $128,922,000 after purchasing an additional 1,781,854 shares during the last quarter. Coatue Management LLC acquired a new position in shares of Teradyne in the second quarter valued at approximately $39,545,000. Finally, Renaissance Technologies LLC grew its position in shares of Teradyne by 200.9% in the second quarter. Renaissance Technologies LLC now owns 1,886,700 shares of the semiconductor company’s stock valued at $56,658,000 after purchasing an additional 1,259,599 shares during the last quarter. 96.45% of the stock is currently owned by institutional investors and hedge funds.
Teradyne, Inc. (NYSE TER) opened at $44.60 on Friday. The stock has a market cap of $8,750.00, a price-to-earnings ratio of 20.84, a PEG ratio of 1.61 and a beta of 1.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.67 and a current ratio of 4.96. Teradyne, Inc. has a 1-year low of $25.72 and a 1-year high of $46.48.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.11. The company had revenue of $503.40 million during the quarter, compared to the consensus estimate of $472.86 million. Teradyne had a net margin of 21.11% and a return on equity of 22.39%. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 earnings per share. research analysts predict that Teradyne, Inc. will post 2.22 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Wednesday, November 29th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, November 28th. This represents a $0.28 annualized dividend and a dividend yield of 0.63%. Teradyne’s dividend payout ratio (DPR) is presently 13.08%.
In related news, insider Mark E. Jagiela sold 80,000 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $43.55, for a total value of $3,484,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Charles Jeffrey Gray sold 8,161 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $42.25, for a total value of $344,802.25. Following the completion of the sale, the vice president now owns 31,500 shares of the company’s stock, valued at $1,330,875. The disclosure for this sale can be found here. Insiders sold 140,206 shares of company stock valued at $6,066,881 over the last 90 days. 0.62% of the stock is currently owned by company insiders.
Several equities analysts have recently commented on the company. Robert W. Baird reaffirmed a “positive” rating and issued a $48.00 target price (up previously from $37.00) on shares of Teradyne in a research report on Friday, October 27th. Deutsche Bank cut Teradyne from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a research note on Monday, November 20th. ValuEngine cut Teradyne from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Citigroup reiterated a “buy” rating and issued a $43.00 price target on shares of Teradyne in a research note on Tuesday, September 19th. Finally, Susquehanna Bancshares reiterated a “neutral” rating and issued a $41.00 price target (up from $32.00) on shares of Teradyne in a research note on Monday, September 18th. Five research 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 price target of $42.55.
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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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