American International Group Inc. lifted its holdings in Teradyne, Inc. (NYSE:TER) by 0.4% in the fourth quarter, Holdings Channel reports. The fund owned 406,432 shares of the semiconductor company’s stock after purchasing an additional 1,710 shares during the quarter. American International Group Inc.’s holdings in Teradyne were worth $17,017,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Teradyne by 2,678.1% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 4,044 shares during the last quarter. Krilogy Financial LLC bought a new position in shares of Teradyne in the 3rd quarter valued at about $179,000. Fiduciary Trust Co. bought a new position in shares of Teradyne in the 4th quarter valued at about $205,000. Delta Capital Management LLC bought a new position in shares of Teradyne in the 4th quarter valued at about $206,000. Finally, Plancorp LLC bought a new position in shares of Teradyne in the 4th quarter valued at about $219,000. 98.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Teradyne, Inc. (NYSE:TER) opened at $44.90 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.00 and a quick ratio of 4.76. Teradyne, Inc. has a 1 year low of $28.38 and a 1 year high of $48.53. The firm has a market cap of $8,810.00, a PE ratio of 20.41, a P/E/G ratio of 1.46 and a beta of 1.13.
Teradyne announced that its board has authorized a share buyback program on Wednesday, January 24th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, February 23rd will be given a $0.09 dividend. This is a positive change from Teradyne’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 22nd. Teradyne’s dividend payout ratio is 12.73%.
In related news, VP Charles Jeffrey Gray sold 32,238 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $46.31, for a total value of $1,492,941.78. Following the sale, the vice president now directly owns 37,057 shares of the company’s stock, valued at approximately $1,716,109.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gregory R. Beecher sold 71,300 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $46.57, for a total transaction of $3,320,441.00. Following the completion of the sale, the chief financial officer now directly owns 77,676 shares in the company, valued at $3,617,371.32. The disclosure for this sale can be found here. Insiders sold a total of 146,009 shares of company stock worth $6,731,077 over the last three months. 0.62% of the stock is currently owned by corporate insiders.
A number of brokerages recently commented on TER. ValuEngine raised shares of Teradyne from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Citigroup increased their price target on shares of Teradyne from $48.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Monday, January 29th. Needham & Company LLC increased their price target on shares of Teradyne from $47.00 to $52.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, DA Davidson increased their price target on shares of Teradyne to $55.00 and gave the company a “buy” rating in a report on Friday, January 26th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Teradyne presently has a consensus rating of “Buy” and an average price target of $48.00.
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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