Teradyne, Inc. (TER) Shares Sold by Riverhead Capital Management LLC

Riverhead Capital Management LLC cut its holdings in shares of Teradyne, Inc. (NYSE:TER) by 31.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 141,463 shares of the semiconductor company’s stock after selling 64,650 shares during the quarter. Riverhead Capital Management LLC’s holdings in Teradyne were worth $5,231,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Vulcan Value Partners LLC purchased a new stake in shares of Teradyne during the 2nd quarter valued at $160,491,000. Macquarie Group Ltd. increased its holdings in Teradyne by 1.9% in the 2nd quarter. Macquarie Group Ltd. now owns 2,587,522 shares of the semiconductor company’s stock worth $98,507,000 after acquiring an additional 49,232 shares during the last quarter. Senator Investment Group LP purchased a new stake in Teradyne in the 2nd quarter worth about $89,655,000. Primecap Management Co. CA increased its holdings in Teradyne by 1.9% in the 3rd quarter. Primecap Management Co. CA now owns 1,879,172 shares of the semiconductor company’s stock worth $69,492,000 after acquiring an additional 34,160 shares during the last quarter. Finally, ARK Investment Management LLC increased its holdings in Teradyne by 18.2% in the 3rd quarter. ARK Investment Management LLC now owns 1,731,366 shares of the semiconductor company’s stock worth $64,026,000 after acquiring an additional 266,411 shares during the last quarter.

Shares of NYSE TER opened at $33.37 on Thursday. Teradyne, Inc. has a 52 week low of $30.22 and a 52 week high of $50.68. The company has a quick ratio of 3.76, a current ratio of 4.10 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 2.02 and a beta of 1.25.

Teradyne (NYSE:TER) last issued its earnings results on Tuesday, October 23rd. The semiconductor company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.63 by $0.08. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The business had revenue of $566.90 million during the quarter, compared to the consensus estimate of $556.87 million. During the same quarter last year, the company earned $0.54 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. On average, equities analysts forecast that Teradyne, Inc. will post 2.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.36 annualized dividend and a yield of 1.08%. Teradyne’s dividend payout ratio is currently 15.38%.

Several equities research analysts recently weighed in on the company. Citigroup decreased their price objective on Teradyne from $51.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, September 25th. ValuEngine raised Teradyne from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Goldman Sachs Group lowered Teradyne from a “buy” rating to a “neutral” rating in a report on Thursday, October 18th. Bank of America lowered Teradyne from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $41.00 to $40.00 in a report on Tuesday, November 20th. Finally, Zacks Investment Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a report on Friday, October 12th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $43.70.

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Teradyne 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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Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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