Crossmark Global Holdings Inc. Acquires New Stake in Teradyne, Inc. (TER)

Crossmark Global Holdings Inc. acquired a new position in shares of Teradyne, Inc. (NYSE:TER) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,343 shares of the semiconductor company’s stock, valued at approximately $721,000.

Several other hedge funds have also recently bought and sold shares of TER. Pacer Advisors Inc. raised its holdings in Teradyne by 5.8% during the second quarter. Pacer Advisors Inc. now owns 28,627 shares of the semiconductor company’s stock worth $860,000 after acquiring an additional 1,559 shares in the last quarter. Cipher Capital LP raised its holdings in Teradyne by 47.5% during the second quarter. Cipher Capital LP now owns 118,758 shares of the semiconductor company’s stock worth $3,566,000 after acquiring an additional 38,247 shares in the last quarter. Paradigm Asset Management Co. LLC raised its holdings in Teradyne by 193.3% during the second quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 2,900 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new stake in Teradyne during the second quarter worth about $3,754,000. Finally, Westpac Banking Corp bought a new stake in Teradyne during the second quarter worth about $5,465,000. 90.65% of the stock is owned by institutional investors.

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Several research firms recently issued reports on TER. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Friday, September 8th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $41.00 price objective (up previously from $32.00) on shares of Teradyne in a research note on Monday, September 18th. BidaskClub upgraded Teradyne from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Stifel Nicolaus restated a “buy” rating on shares of Teradyne in a research note on Thursday, July 27th. Finally, KeyCorp upgraded Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 price objective on the stock in a research note on Thursday, July 27th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $40.17.

In related news, insider Mark E. Jagiela sold 80,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $43.55, for a total transaction of $3,484,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edwin J. Gillis sold 41,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $35.63, for a total value of $1,460,830.00. Following the sale, the director now directly owns 49,638 shares in the company, valued at approximately $1,768,601.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 216,012 shares of company stock worth $8,622,429. 0.62% of the stock is owned by corporate insiders.

Teradyne, Inc. (TER) opened at $43.35 on Wednesday. The firm has a market capitalization of $8,601.51, a P/E ratio of 19.93, a PEG ratio of 1.64 and a beta of 1.04. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.67 and a current ratio of 4.96. Teradyne, Inc. has a 52 week low of $23.39 and a 52 week high of $44.33.

Teradyne (NYSE:TER) last announced its earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. The company had revenue of $503.40 million for the quarter, compared to analyst estimates of $472.86 million. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share. research analysts expect that Teradyne, Inc. will post 2.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, November 29th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.65%. Teradyne’s dividend payout ratio (DPR) is currently 13.08%.

About Teradyne

Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.

Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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