Gilman Hill Asset Management LLC Cuts Position in Teradyne, Inc. (NYSE:TER)

Gilman Hill Asset Management LLC lessened its holdings in Teradyne, Inc. (NYSE:TER) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,350 shares of the semiconductor company’s stock after selling 525 shares during the period. Gilman Hill Asset Management LLC’s holdings in Teradyne were worth $1,183,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Waddell & Reed Financial Inc. increased its holdings in shares of Teradyne by 10.5% in the second quarter. Waddell & Reed Financial Inc. now owns 2,839,961 shares of the semiconductor company’s stock worth $136,063,000 after purchasing an additional 270,238 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Teradyne by 7.2% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,533,125 shares of the semiconductor company’s stock worth $121,362,000 after buying an additional 170,651 shares during the period. Macquarie Group Ltd. lifted its holdings in Teradyne by 2.1% in the second quarter. Macquarie Group Ltd. now owns 2,384,512 shares of the semiconductor company’s stock worth $114,242,000 after buying an additional 48,076 shares during the period. Nuveen Asset Management LLC purchased a new stake in Teradyne in the second quarter worth about $64,450,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Teradyne by 215.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,076,990 shares of the semiconductor company’s stock worth $62,368,000 after buying an additional 735,109 shares during the period.

A number of equities analysts have weighed in on TER shares. Cowen raised their target price on shares of Teradyne from $60.00 to $64.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. UBS Group raised their price target on shares of Teradyne from $47.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Stifel Nicolaus reissued a “hold” rating and set a $55.00 price target on shares of Teradyne in a research report on Tuesday, December 3rd. Credit Suisse Group raised their price target on shares of Teradyne from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, DA Davidson raised their price target on shares of Teradyne to $60.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $64.00.

In other Teradyne news, insider King Wallace 362,138 shares of the business’s stock in a transaction on Tuesday, November 26th. Also, insider Walter G. Vahey sold 25,012 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $63.62, for a total transaction of $1,591,263.44. Following the completion of the sale, the insider now owns 52,754 shares in the company, valued at $3,356,209.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,234 shares of company stock worth $2,922,166. Insiders own 0.49% of the company’s stock.

TER stock traded down $0.14 on Friday, hitting $70.36. The company had a trading volume of 13,543 shares, compared to its average volume of 1,577,379. Teradyne, Inc. has a 12-month low of $31.35 and a 12-month high of $70.82. The company has a current ratio of 4.10, a quick ratio of 3.76 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $67.05 and its 200 day simple moving average is $58.98. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 30.06, a P/E/G ratio of 2.02 and a beta of 1.25.

Teradyne (NYSE:TER) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.07. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The company had revenue of $582.04 million for the quarter, compared to analysts’ expectations of $565.43 million. During the same quarter last year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts forecast that Teradyne, Inc. will post 2.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 27th were issued a $0.09 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.51%. Teradyne’s dividend payout ratio (DPR) is presently 15.38%.

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.

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Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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