Ritholtz Wealth Management lessened its stake in shares of Teradyne, Inc. (NYSE:TER) by 5.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,603 shares of the semiconductor company’s stock after selling 163 shares during the period. Ritholtz Wealth Management’s holdings in Teradyne were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NuWave Investment Management LLC bought a new position in shares of Teradyne during the 3rd quarter valued at about $80,000. Coastal Investment Advisors Inc. bought a new position in shares of Teradyne during the 3rd quarter valued at about $246,000. Davy Global Fund Management Ltd boosted its holdings in shares of Teradyne by 3.4% during the 3rd quarter. Davy Global Fund Management Ltd now owns 30,877 shares of the semiconductor company’s stock valued at $2,453,000 after purchasing an additional 1,024 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in shares of Teradyne by 1.8% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 19,500 shares of the semiconductor company’s stock valued at $1,549,000 after purchasing an additional 350 shares during the last quarter. Finally, Forsta AP Fonden lifted its holdings in shares of Teradyne by 4.9% in the 3rd quarter. Forsta AP Fonden now owns 23,700 shares of the semiconductor company’s stock valued at $1,883,000 after acquiring an additional 1,100 shares during the last quarter.
A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Teradyne from $95.00 to $110.00 and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $81.00 price target for the company. in a report on Tuesday, September 22nd. Craig Hallum increased their price target on shares of Teradyne from $76.00 to $87.00 and gave the company a “hold” rating in a report on Thursday. Northland Securities increased their price target on shares of Teradyne from $70.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, July 23rd. Finally, Citigroup increased their price target on shares of Teradyne from $72.00 to $89.50 and gave the company a “buy” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $90.38.
Shares of NYSE:TER traded down $1.91 during trading on Monday, reaching $90.09. 7,928 shares of the company were exchanged, compared to its average volume of 2,345,621. The firm has a market capitalization of $15.27 billion, a PE ratio of 39.32, a P/E/G ratio of 2.02 and a beta of 1.25. The business’s fifty day simple moving average is $80.63 and its 200-day simple moving average is $77.13. Teradyne, Inc. has a 12-month low of $42.87 and a 12-month high of $93.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.10 and a quick ratio of 3.76.
Teradyne (NYSE:TER) last issued its earnings results on Tuesday, October 20th. The semiconductor company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. The business had revenue of $819.48 million for the quarter, compared to analyst estimates of $786.87 million. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The company’s quarterly revenue was up 40.8% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. On average, sell-side analysts anticipate that Teradyne, Inc. will post 2.25 EPS for the current fiscal year.
In related news, Director Paul J. Tufano sold 14,682 shares of Teradyne stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $92.03, for a total transaction of $1,351,184.46. Following the transaction, the director now directly owns 69,304 shares of the company’s stock, valued at $6,378,047.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brad Robbins sold 10,723 shares of Teradyne stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $88.95, for a total transaction of $953,810.85. Following the transaction, the insider now directly owns 42,458 shares in the company, valued at $3,776,639.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,321 shares of company stock worth $6,460,943. Corporate insiders own 0.49% of the company’s stock.
Teradyne Company Profile
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers 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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