Geode Capital Management LLC increased its position in shares of Teradyne, Inc. (NYSE:TER) by 9.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,717,201 shares of the semiconductor company’s stock after acquiring an additional 150,144 shares during the period. Geode Capital Management LLC’s holdings in Teradyne were worth $71,899,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Teradyne by 2,678.1% during 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 purchasing an additional 4,044 shares during the period. Krilogy Financial LLC bought a new stake in shares of Teradyne during the 3rd quarter valued at $179,000. Zweig DiMenna Associates LLC bought a new stake in shares of Teradyne during the 3rd quarter valued at $201,000. Fiduciary Trust Co. bought a new stake in shares of Teradyne during the 4th quarter valued at $205,000. Finally, Delta Capital Management LLC bought a new stake in shares of Teradyne during the 4th quarter valued at $206,000. Hedge funds and other institutional investors own 98.70% of the company’s stock.
In other Teradyne news, insider Gregory Stephen Smith sold 7,431 shares of Teradyne stock in a transaction on Monday, February 5th. The shares were sold at an average price of $44.51, for a total value of $330,753.81. Following the completion of the transaction, the insider now directly owns 6,599 shares of the company’s stock, valued at approximately $293,721.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Charles Jeffrey Gray sold 32,238 shares of Teradyne stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $46.31, for a total transaction of $1,492,941.78. Following the completion of the transaction, the vice president now directly owns 37,057 shares of the company’s stock, valued at $1,716,109.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,009 shares of company stock worth $6,731,077. 0.62% of the stock is currently owned by insiders.
Several brokerages have recently commented on TER. Stifel Nicolaus raised their price objective on shares of Teradyne from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Monday, January 29th. Citigroup raised their price objective on shares of Teradyne from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. ValuEngine upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Needham & Company LLC raised their price objective 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. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $48.00.
Shares of Teradyne, Inc. (TER) opened at $49.00 on Wednesday. The company has a quick ratio of 4.76, a current ratio of 5.00 and a debt-to-equity ratio of 0.19. The stock has a market cap of $9,580.00, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 1.64 and a beta of 1.10. Teradyne, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $50.68.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. The company had revenue of $479.00 million for the quarter, compared to the consensus estimate of $438.85 million. Teradyne had a net margin of 12.06% and a return on equity of 23.37%. Teradyne’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. equities research analysts predict that Teradyne, Inc. will post 2.52 earnings per share for the current year.
Teradyne declared that its Board of Directors has approved a share repurchase program on Wednesday, January 24th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, February 23rd will be issued a $0.09 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Thursday, February 22nd. Teradyne’s payout ratio is currently 16.29%.
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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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