Teradyne, Inc. (TER) Position Lowered by Allianz Asset Management GmbH

Allianz Asset Management GmbH cut its holdings in shares of Teradyne, Inc. (NYSE:TER) by 48.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 708,022 shares of the semiconductor company’s stock after selling 658,005 shares during the period. Allianz Asset Management GmbH owned approximately 0.36% of Teradyne worth $26,402,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TER. WFG Advisors LP boosted its position in Teradyne by 21.9% in the second quarter. WFG Advisors LP now owns 3,900 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 700 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its position in Teradyne by 193.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock worth $132,000 after purchasing an additional 2,900 shares during the last quarter. IFP Advisors Inc boosted its position in Teradyne by 4.6% in the second quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock worth $144,000 after purchasing an additional 211 shares during the last quarter. Fiduciary Trust Co. purchased a new position in Teradyne in the second quarter worth about $147,000. Finally, Bronfman E.L. Rothschild L.P. boosted its position in Teradyne by 2,678.1% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock worth $156,000 after purchasing an additional 4,044 shares during the last quarter. 96.72% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have issued reports on TER. ValuEngine cut Teradyne from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub raised Teradyne from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Robert W. Baird reissued a “positive” rating and issued a $48.00 target price (up from $37.00) on shares of Teradyne in a research report on Friday, October 27th. Zacks Investment Research cut Teradyne from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Finally, Deutsche Bank cut Teradyne from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a research report on Monday, November 20th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Teradyne presently has an average rating of “Buy” and a consensus price target of $41.25.

In other news, insider Mark E. Jagiela sold 80,000 shares of Teradyne stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $43.55, for a total transaction of $3,484,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Charles Jeffrey Gray sold 8,161 shares of Teradyne stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $42.25, for a total value of $344,802.25. Following the transaction, the vice president now directly owns 31,500 shares in the company, valued at $1,330,875. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 172,844 shares of company stock worth $7,244,931. Insiders own 0.62% of the company’s stock.

Teradyne, Inc. (NYSE TER) traded up $0.21 during mid-day trading on Monday, hitting $40.51. The stock had a trading volume of 1,779,300 shares, compared to its average volume of 2,440,549. Teradyne, Inc. has a 12-month low of $25.24 and a 12-month high of $44.63. The company has a current ratio of 4.96, a quick ratio of 4.67 and a debt-to-equity ratio of 0.17. The stock has a market cap of $7,946.35, a PE ratio of 18.41, a P/E/G ratio of 1.52 and a beta of 1.01.

Teradyne (NYSE:TER) last posted its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.11. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The firm had revenue of $503.40 million for the quarter, compared to analysts’ expectations of $472.86 million. During the same period in the previous year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 22.6% on a year-over-year basis. equities analysts forecast that Teradyne, Inc. will post 2.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.69%. Teradyne’s payout ratio is currently 13.08%.

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About Teradyne

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.

Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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