PNC Financial Services Group Inc. reduced its stake in shares of Teradyne, Inc. (NYSE:TER) by 50.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,207 shares of the semiconductor company’s stock after selling 9,499 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Teradyne were worth $352,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. IFP Advisors Inc increased its stake in Teradyne by 147.0% during the first quarter. IFP Advisors Inc now owns 3,164 shares of the semiconductor company’s stock worth $145,000 after acquiring an additional 1,883 shares during the last quarter. MANA Advisors LLC bought a new stake in Teradyne during the first quarter worth approximately $232,000. Point72 Asia Hong Kong Ltd bought a new stake in Teradyne during the first quarter worth approximately $250,000. Hartford Investment Management Co. bought a new stake in Teradyne during the second quarter worth approximately $212,000. Finally, Moneta Group Investment Advisors LLC increased its stake in Teradyne by 153.0% during the first quarter. Moneta Group Investment Advisors LLC now owns 6,515 shares of the semiconductor company’s stock worth $298,000 after acquiring an additional 3,940 shares during the last quarter. 99.41% of the stock is currently owned by institutional investors.
TER has been the topic of several analyst reports. ValuEngine cut Teradyne from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Needham & Company LLC boosted their price objective on Teradyne from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. Citigroup reduced their price objective on Teradyne from $51.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday. DA Davidson boosted their price objective on Teradyne to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, July 26th. Finally, Cowen boosted their price objective on Teradyne from $40.00 to $45.00 and gave the stock a “market perform” rating in a research note on Thursday, July 26th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $47.67.
Shares of NYSE:TER opened at $37.04 on Thursday. Teradyne, Inc. has a 1 year low of $32.06 and a 1 year high of $50.68. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. The company has a quick ratio of 3.89, a current ratio of 4.19 and a debt-to-equity ratio of 0.21.
Teradyne (NYSE:TER) last announced its earnings results on Tuesday, July 24th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.10. Teradyne had a return on equity of 20.82% and a net margin of 9.29%. The business had revenue of $527.00 million during the quarter, compared to analyst estimates of $508.52 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. The company’s revenue for the quarter was down 24.4% compared to the same quarter last year. analysts anticipate that Teradyne, Inc. will post 2.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Wednesday, September 5th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 4th. This represents a $0.36 annualized dividend and a dividend yield of 0.97%. Teradyne’s dividend payout ratio (DPR) is presently 15.38%.
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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