Dean Investment Associates LLC continued to hold its position in Teradyne, Inc. (NYSE:TER) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,463 shares of the semiconductor company’s stock at the end of the 2nd quarter. Dean Investment Associates LLC’s holdings in Teradyne were worth $761,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. World Asset Management Inc raised its stake in shares of Teradyne by 0.7% during the first quarter. World Asset Management Inc now owns 12,414 shares of the semiconductor company’s stock valued at $386,000 after purchasing an additional 82 shares during the period. Utah Retirement Systems raised its stake in shares of Teradyne by 0.3% during the first quarter. Utah Retirement Systems now owns 36,957 shares of the semiconductor company’s stock valued at $1,149,000 after purchasing an additional 100 shares during the period. IFP Advisors Inc raised its stake in shares of Teradyne by 4.6% during the second quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock valued at $144,000 after purchasing an additional 211 shares during the period. Arizona State Retirement System raised its stake in shares of Teradyne by 0.4% during the first quarter. Arizona State Retirement System now owns 83,300 shares of the semiconductor company’s stock valued at $2,591,000 after purchasing an additional 348 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Teradyne by 6.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,207 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 454 shares during the period. Institutional investors own 93.21% of the company’s stock.
Teradyne, Inc. (TER) traded up 1.20% during trading on Friday, reaching $36.27. 181,443 shares of the company’s stock were exchanged. Teradyne, Inc. has a 52-week low of $20.22 and a 52-week high of $36.86. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 18.72 and a beta of 0.94. The stock’s 50-day moving average price is $34.62 and its 200-day moving average price is $33.22.
Teradyne (NYSE:TER) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $697.00 million during the quarter, compared to analyst estimates of $683.66 million. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. Teradyne’s revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. Equities analysts expect that Teradyne, Inc. will post $1.97 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Wednesday, September 6th. Teradyne’s dividend payout ratio (DPR) is 14.51%.
In other news, insider Mark E. Jagiela sold 30,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the sale, the insider now owns 248,413 shares in the company, valued at $8,570,248.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brad Robbins sold 15,892 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $34.54, for a total value of $548,909.68. Following the sale, the insider now owns 19,171 shares in the company, valued at approximately $662,166.34. The disclosure for this sale can be found here. Insiders sold 124,308 shares of company stock worth $4,381,600 over the last quarter. Company insiders own 0.62% of the company’s stock.
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A number of research firms have recently issued reports on TER. KeyCorp upgraded shares of Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 price objective on the stock in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Teradyne from a “sell” rating to a “hold” rating and set a $39.00 price objective on the stock in a research note on Thursday, July 27th. BidaskClub upgraded shares of Teradyne from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of Teradyne in a research note on Friday, September 1st. Finally, ValuEngine upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $35.80.
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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