First Horizon Advisors Inc. grew its position in shares of Teradyne, Inc. (NASDAQ:TER) by 41.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,904 shares of the company’s stock after purchasing an additional 557 shares during the quarter. First Horizon Advisors Inc.’s holdings in Teradyne were worth $134,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in TER. Brookfield Asset Management Inc. bought a new position in shares of Teradyne during the second quarter worth about $1,567,000. Walleye Capital LLC raised its position in shares of Teradyne by 90.0% during the second quarter. Walleye Capital LLC now owns 18,015 shares of the company’s stock worth $2,413,000 after acquiring an additional 8,533 shares during the last quarter. Virginia Retirement Systems ET AL raised its position in shares of Teradyne by 3.9% during the third quarter. Virginia Retirement Systems ET AL now owns 194,100 shares of the company’s stock worth $21,190,000 after acquiring an additional 7,200 shares during the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in Teradyne in the second quarter worth approximately $1,216,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in Teradyne by 55.2% in the second quarter. Y Intercept Hong Kong Ltd now owns 7,576 shares of the company’s stock worth $1,015,000 after purchasing an additional 2,693 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Timothy E. Guertin sold 4,500 shares of the stock in a transaction dated Wednesday, November 3rd. The stock was sold at an average price of $140.00, for a total transaction of $630,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sanjay Mehta sold 1,738 shares of the stock in a transaction dated Wednesday, November 3rd. The shares were sold at an average price of $140.00, for a total value of $243,320.00. The disclosure for this sale can be found here. Insiders sold a total of 40,465 shares of company stock valued at $5,658,186 over the last quarter. Company insiders own 0.36% of the company’s stock.
Teradyne (NASDAQ:TER) last announced its earnings results on Tuesday, October 26th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.16. The business had revenue of $950.50 million for the quarter, compared to analyst estimates of $932.86 million. Teradyne had a return on equity of 42.06% and a net margin of 27.59%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.18 EPS. As a group, research analysts anticipate that Teradyne, Inc. will post 5.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 17th. Stockholders of record on Wednesday, November 24th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Tuesday, November 23rd. Teradyne’s payout ratio is currently 7.53%.
A number of brokerages have weighed in on TER. Loop Capital started coverage on Teradyne in a report on Thursday. They issued a “buy” rating and a $202.00 target price for the company. Piper Sandler boosted their price objective on Teradyne from $172.00 to $173.00 and gave the company an “overweight” rating in a report on Wednesday, December 15th. The Goldman Sachs Group lifted their target price on Teradyne from $153.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, December 17th. Morgan Stanley lifted their target price on Teradyne from $150.00 to $161.00 and gave the company an “overweight” rating in a research report on Wednesday, December 15th. Finally, Zacks Investment Research cut Teradyne from a “buy” rating to a “hold” rating and set a $144.00 target price on the stock. in a research report on Friday, October 29th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Teradyne has a consensus rating of “Buy” and an average price target of $166.00.
Teradyne, Inc engages in the development and sale of self automatic test systems. It operates through the following segments: Semiconductor Test, Industrial Automation, System Test, and Wireless Test. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.
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