United Services Automobile Association Raises Stake in Teradyne, Inc. (TER)

United Services Automobile Association grew its holdings in Teradyne, Inc. (NYSE:TER) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 503,394 shares of the semiconductor company’s stock after acquiring an additional 4,736 shares during the period. United Services Automobile Association owned about 0.27% of Teradyne worth $18,616,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Alps Advisors Inc. raised its position in Teradyne by 32.8% in the second quarter. Alps Advisors Inc. now owns 13,032 shares of the semiconductor company’s stock valued at $546,000 after purchasing an additional 3,220 shares during the period. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Teradyne during the second quarter worth $8,820,000. Virginia Retirement Systems ET AL increased its position in shares of Teradyne by 110.1% during the second quarter. Virginia Retirement Systems ET AL now owns 45,800 shares of the semiconductor company’s stock worth $1,744,000 after acquiring an additional 24,000 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Teradyne during the second quarter worth $1,966,000. Finally, Boston Partners increased its position in shares of Teradyne by 22.1% during the second quarter. Boston Partners now owns 197,138 shares of the semiconductor company’s stock worth $7,505,000 after acquiring an additional 35,724 shares during the period.

Shares of Teradyne stock opened at $34.49 on Thursday. Teradyne, Inc. has a 12-month low of $30.22 and a 12-month high of $50.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.10 and a quick ratio of 3.76. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 14.74, 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 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.08. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The company had revenue of $566.90 million during the quarter, compared to analysts’ expectations of $556.87 million. During the same period last year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts predict that Teradyne, Inc. will post 2.25 earnings per share for the current 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 issued a $0.09 dividend. The ex-dividend date is Tuesday, November 27th. This represents a $0.36 dividend on an annualized basis and a yield of 1.04%. Teradyne’s dividend payout ratio (DPR) is presently 15.38%.

Several equities analysts have issued reports on TER shares. Credit Suisse Group decreased their price objective on shares of Teradyne from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. DA Davidson decreased their target price on shares of Teradyne to $35.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. Zacks Investment Research cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Friday, October 12th. Robert W. Baird cut their price target on shares of Teradyne from $46.00 to $44.00 and set an “outperform” rating for the company in a report on Wednesday, October 10th. Finally, ValuEngine cut shares of Teradyne from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Teradyne currently has a consensus rating of “Hold” and an average target price of $43.70.

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About Teradyne

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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