ClariVest Asset Management LLC raised its holdings in Teradyne (NYSE:TER) by 456,666.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 54,812 shares of the semiconductor company’s stock after acquiring an additional 54,800 shares during the quarter. ClariVest Asset Management LLC’s holdings in Teradyne were worth $2,506,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. bought a new position in Teradyne in the fourth quarter valued at approximately $156,000. Focused Wealth Management Inc bought a new position in Teradyne in the fourth quarter valued at approximately $163,000. We Are One Seven LLC bought a new position in Teradyne in the fourth quarter valued at approximately $179,000. Fiduciary Trust Co. bought a new position in Teradyne in the fourth quarter valued at approximately $205,000. Finally, Delta Capital Management LLC bought a new position in Teradyne in the fourth quarter valued at approximately $206,000. 99.00% of the stock is currently owned by hedge funds and other institutional investors.
TER opened at $37.39 on Friday. The company has a current ratio of 5.51, a quick ratio of 5.26 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.46 and a beta of 1.17. Teradyne has a twelve month low of $29.68 and a twelve month high of $50.68.
Teradyne (NYSE:TER) last posted its earnings results on Tuesday, April 24th. The semiconductor company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The company had revenue of $487.00 million for the quarter, compared to analyst estimates of $478.77 million. Teradyne had a net margin of 11.97% and a return on equity of 23.45%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. research analysts predict that Teradyne will post 1.91 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Thursday, May 31st will be issued a $0.09 dividend. The ex-dividend date is Wednesday, May 30th. This represents a $0.36 annualized dividend and a yield of 0.96%. Teradyne’s dividend payout ratio (DPR) is presently 15.38%.
Teradyne announced that its board has authorized a stock buyback program on Wednesday, January 24th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
TER has been the topic of a number of recent research reports. Bank of America initiated coverage on shares of Teradyne in a research note on Wednesday, March 21st. They issued a “buy” rating and a $58.00 price objective on the stock. ValuEngine raised shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. 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 note on Tuesday, January 30th. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Monday, January 29th. 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 note on Friday, January 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Teradyne presently has a consensus rating of “Hold” and a consensus target price of $47.15.
Teradyne Company Profile
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.
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