Bank Julius Baer & Co. Ltd Zurich grew its holdings in Teradyne, Inc. (NYSE:TER) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,866 shares of the semiconductor company’s stock after buying an additional 120 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Teradyne were worth $387,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its position in shares of Teradyne by 65.4% in the second quarter. Rockefeller Capital Management L.P. now owns 359 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 142 shares during the last quarter. First National Bank of South Miami acquired a new stake in Teradyne during the 2nd quarter worth approximately $34,000. CSat Investment Advisory L.P. lifted its holdings in Teradyne by 85.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 475 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 219 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in Teradyne by 29.8% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 545 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 125 shares during the last quarter. Finally, Truvestments Capital LLC lifted its holdings in Teradyne by 300.0% during the 2nd quarter. Truvestments Capital LLC now owns 576 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 432 shares during the last quarter.
Several analysts recently weighed in on TER shares. Craig Hallum lifted their price target on Teradyne from $76.00 to $87.00 and gave the stock a “hold” rating in a report on Thursday, October 22nd. Robert W. Baird lifted their price target on Teradyne from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Stifel Nicolaus raised Teradyne from a “hold” rating to a “buy” rating and lifted their price target for the stock from $85.00 to $115.00 in a report on Friday, October 9th. The Goldman Sachs Group raised Teradyne from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $90.00 to $107.00 in a report on Wednesday, November 4th. Finally, Wolfe Research started coverage on Teradyne in a report on Tuesday, August 25th. They issued an “outperform” rating and a $105.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $91.31.
In other news, insider Gregory Stephen Smith sold 10,000 shares of Teradyne stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $99.95, for a total value of $999,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael A. Bradley sold 4,563 shares of Teradyne stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $90.05, for a total value of $410,898.15. Following the completion of the transaction, the director now owns 38,817 shares in the company, valued at approximately $3,495,470.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 249,794 shares of company stock worth $23,531,221. Corporate insiders own 0.49% of the company’s stock.
Shares of TER opened at $106.33 on Friday. Teradyne, Inc. has a 52-week low of $42.87 and a 52-week high of $107.93. The business’s fifty day moving average is $91.34 and its 200-day moving average is $81.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.76 and a current ratio of 4.10. The firm has a market cap of $17.66 billion, a price-to-earnings ratio of 45.44, a PEG ratio of 2.02 and a beta of 1.25.
Teradyne (NYSE:TER) last issued its quarterly earnings results on Tuesday, October 20th. The semiconductor company reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.06. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The company had revenue of $819.48 million for the quarter, compared to analyst estimates of $786.87 million. During the same quarter last year, the company posted $0.77 EPS. The company’s revenue for the quarter was up 40.8% compared to the same quarter last year. As a group, research analysts forecast that Teradyne, Inc. will post 2.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Wednesday, November 25th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Teradyne’s payout ratio is 17.09%.
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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