Atlantic Trust Group LLC reduced its stake in Teradyne, Inc. (NYSE:TER) by 47.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,956 shares of the semiconductor company’s stock after selling 55,318 shares during the period. Atlantic Trust Group LLC’s holdings in Teradyne were worth $2,786,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Legal & General Group Plc increased its holdings in Teradyne by 127.6% in the 1st quarter. Legal & General Group Plc now owns 559,062 shares of the semiconductor company’s stock valued at $25,555,000 after acquiring an additional 313,478 shares during the last quarter. Alpine Global Management LLC bought a new stake in Teradyne in the 1st quarter valued at $396,000. Verition Fund Management LLC increased its holdings in Teradyne by 171.7% in the 1st quarter. Verition Fund Management LLC now owns 35,085 shares of the semiconductor company’s stock valued at $1,604,000 after acquiring an additional 22,170 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in Teradyne by 25.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 127,643 shares of the semiconductor company’s stock valued at $5,835,000 after acquiring an additional 25,728 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd bought a new stake in Teradyne in the 1st quarter valued at $250,000. Institutional investors own 96.24% of the company’s stock.
A number of brokerages have issued reports on TER. Bank of America began coverage on shares of Teradyne in a report on Wednesday, March 21st. They issued a “buy” rating and a $58.00 price target on the stock. Zacks Investment Research downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 28th. UBS Group began coverage on shares of Teradyne in a report on Wednesday, April 4th. They issued a “neutral” rating and a $49.00 price target on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $37.00 price target on shares of Teradyne in a report on Wednesday, April 25th. Finally, Cowen initiated coverage on shares of Teradyne in a report on Monday, May 14th. They issued a “market perform” rating and a $40.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Teradyne has an average rating of “Hold” and a consensus target price of $47.15.
Teradyne opened at $37.67 on Tuesday, MarketBeat.com reports. Teradyne, Inc. has a twelve month low of $29.68 and a twelve month high of $50.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 5.17 and a current ratio of 5.51. The stock has a market capitalization of $7.58 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.73 and a beta of 1.20.
Teradyne (NYSE:TER) last issued its quarterly earnings results on Tuesday, April 24th. The semiconductor company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $487.00 million for the quarter, compared to the consensus estimate of $478.77 million. Teradyne had a net margin of 11.97% and a return on equity of 23.45%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. equities analysts forecast that Teradyne, Inc. will post 1.92 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 22nd. Investors of record on Thursday, May 31st were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, May 30th. This represents a $0.36 annualized dividend and a yield of 0.96%. Teradyne’s payout ratio is 15.38%.
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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