ETF Managers Group LLC grew its holdings in Teradyne, Inc. (NYSE:TER) by 11.5% during the 1st quarter, Holdings Channel reports. The fund owned 3,147 shares of the semiconductor company’s stock after purchasing an additional 325 shares during the period. ETF Managers Group LLC’s holdings in Teradyne were worth $125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also added to or reduced their stakes in the company. Quantum Capital Management boosted its holdings in shares of Teradyne by 0.9% in the 1st quarter. Quantum Capital Management now owns 37,822 shares of the semiconductor company’s stock valued at $1,507,000 after acquiring an additional 332 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Teradyne by 8.2% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,786 shares of the semiconductor company’s stock valued at $231,000 after purchasing an additional 439 shares during the period. Boston Partners lifted its stake in shares of Teradyne by 0.3% in the 1st quarter. Boston Partners now owns 188,156 shares of the semiconductor company’s stock valued at $7,496,000 after purchasing an additional 517 shares during the period. Synovus Financial Corp lifted its stake in shares of Teradyne by 2.2% in the 4th quarter. Synovus Financial Corp now owns 25,345 shares of the semiconductor company’s stock valued at $789,000 after purchasing an additional 557 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of Teradyne by 49.6% in the 4th quarter. Captrust Financial Advisors now owns 1,785 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 592 shares during the period.
NYSE:TER opened at $41.89 on Friday. 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 firm has a market cap of $7.18 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 2.02 and a beta of 1.25. Teradyne, Inc. has a fifty-two week low of $28.73 and a fifty-two week high of $49.83.
Teradyne (NYSE:TER) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.10. The company had revenue of $494.00 million during the quarter, compared to analysts’ expectations of $476.23 million. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. As a group, equities research analysts predict that Teradyne, Inc. will post 2.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Wednesday, May 29th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, May 28th. Teradyne’s dividend payout ratio is presently 15.38%.
TER has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on shares of Teradyne from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Craig Hallum cut shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Zacks Investment Research upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Cowen reiterated a “market perform” rating and issued a $50.00 target price (up from $40.00) on shares of Teradyne in a research note on Thursday, April 25th. Finally, DA Davidson boosted their target price on shares of Teradyne to $48.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.60.
In other Teradyne news, Director Michael A. Bradley sold 27,049 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $48.95, for a total transaction of $1,324,048.55. Following the completion of the transaction, the director now directly owns 74,008 shares in the company, valued at $3,622,691.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brad Robbins sold 10,000 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $49.46, for a total transaction of $494,600.00. Following the transaction, the insider now owns 43,840 shares of the company’s stock, valued at $2,168,326.40. The disclosure for this sale can be found here. Insiders have sold 77,345 shares of company stock valued at $3,751,648 over the last 90 days. 0.49% of the stock is currently owned by company insiders.
ILLEGAL ACTIVITY NOTICE: This piece was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2019/05/26/etf-managers-group-llc-acquires-325-shares-of-teradyne-inc-ter.html.
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.
Recommended Story: Convertible Shares
Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NYSE:TER).
Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.