Swiss National Bank grew its stake in Teradyne, Inc. (NYSE:TER) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 336,900 shares of the semiconductor company’s stock after buying an additional 4,200 shares during the period. Swiss National Bank’s holdings in Teradyne were worth $14,106,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of TER. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Teradyne by 2,678.1% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock worth $156,000 after buying an additional 4,044 shares during the last quarter. Krilogy Financial LLC purchased a new position in shares of Teradyne during the third quarter worth $179,000. Zweig DiMenna Associates LLC purchased a new position in shares of Teradyne during the third quarter worth $201,000. Fiduciary Trust Co. purchased a new position in shares of Teradyne during the fourth quarter worth $205,000. Finally, Delta Capital Management LLC purchased a new position in shares of Teradyne during the fourth quarter worth $206,000. 98.08% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently issued reports on the stock. ValuEngine raised shares of Teradyne from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Citigroup raised their target price on shares of Teradyne from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Monday, January 29th. Needham & Company LLC raised their price target on shares of Teradyne from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, DA Davidson raised their price target on shares of Teradyne to $55.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $48.00.
In related news, CFO Gregory R. Beecher sold 71,300 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $46.57, for a total transaction of $3,320,441.00. Following the transaction, the chief financial officer now directly owns 77,676 shares in the company, valued at $3,617,371.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Charles Jeffrey Gray sold 5,040 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $47.25, for a total transaction of $238,140.00. Following the transaction, the vice president now owns 31,593 shares in the company, valued at $1,492,769.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,009 shares of company stock worth $6,731,077. Company insiders own 0.62% of the company’s stock.
Shares of Teradyne, Inc. (TER) opened at $43.31 on Tuesday. Teradyne, Inc. has a 52-week low of $28.38 and a 52-week high of $48.53. The stock has a market cap of $8,495.59, a PE ratio of 18.51, a PEG ratio of 1.46 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.00 and a quick ratio of 4.76.
Teradyne (NYSE:TER) last announced its earnings results on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.12. Teradyne had a net margin of 12.06% and a return on equity of 23.37%. The business had revenue of $479.00 million for the quarter, compared to analyst estimates of $438.85 million. During the same quarter last year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. sell-side analysts forecast that Teradyne, Inc. will post 2.47 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, February 23rd will be given a $0.09 dividend. This is a positive change from Teradyne’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.36 annualized dividend and a dividend yield of 0.83%. Teradyne’s dividend payout ratio (DPR) is 22.05%.
Teradyne declared that its board has authorized a share repurchase program on Wednesday, January 24th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
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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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