Prudential Financial Inc. reduced its holdings in shares of Teradyne, Inc. (NYSE:TER) by 18.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 859,939 shares of the semiconductor company’s stock after selling 191,544 shares during the period. Prudential Financial Inc. owned about 0.43% of Teradyne worth $32,067,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in TER. WFG Advisors LP increased its stake in Teradyne by 21.9% during the 2nd quarter. WFG Advisors LP now owns 3,900 shares of the semiconductor company’s stock worth $117,000 after buying an additional 700 shares during the period. Paradigm Asset Management Co. LLC increased its stake in Teradyne by 193.3% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock worth $132,000 after buying an additional 2,900 shares during the period. IFP Advisors Inc increased its stake in Teradyne by 4.6% during the 2nd quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock worth $144,000 after buying an additional 211 shares during the period. Fiduciary Trust Co. purchased a new stake in Teradyne during the 2nd quarter worth approximately $147,000. Finally, TLP Group LLC purchased a new stake in Teradyne during the 2nd quarter worth approximately $201,000. 90.65% of the stock is currently owned by hedge funds and other institutional investors.
Teradyne, Inc. (TER) opened at $43.35 on Wednesday. The company has a market cap of $8,601.51, a price-to-earnings ratio of 19.93, a price-to-earnings-growth 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 12-month low of $23.39 and a 12-month high of $44.33.
Teradyne (NYSE:TER) last announced its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. The company had revenue of $503.40 million during the quarter, compared to the consensus estimate of $472.86 million. Teradyne had a net margin of 21.11% and a return on equity of 22.39%. Teradyne’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS. sell-side analysts expect that Teradyne, Inc. will post 2.22 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, November 29th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.65%. Teradyne’s payout ratio is currently 13.08%.
In other news, insider Mark E. Jagiela sold 80,000 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $43.55, for a total value of $3,484,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edwin J. Gillis sold 41,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $35.63, for a total transaction of $1,460,830.00. Following the completion of the transaction, the director now owns 49,638 shares of the company’s stock, valued at approximately $1,768,601.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,012 shares of company stock valued at $8,622,429. 0.62% of the stock is owned by insiders.
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A number of equities research analysts have commented on the stock. Citigroup Inc. increased their price objective on shares of Teradyne from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Credit Suisse Group increased their price objective on shares of Teradyne from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. raised shares of Teradyne from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective on the stock in a research report on Friday, October 27th. KeyCorp reissued a “buy” rating and issued a $47.00 price objective on shares of Teradyne in a research report on Friday, October 27th. Finally, reissued a “positive” rating and issued a $48.00 price objective (up from $37.00) on shares of Teradyne in a research report on Friday, October 27th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $40.17.
Teradyne Company Profile
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.
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