Principal Financial Group Inc. Has $40.20 Million Position in Teradyne, Inc. (TER)

Principal Financial Group Inc. lifted its position in Teradyne, Inc. (NYSE:TER) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 879,467 shares of the semiconductor company’s stock after buying an additional 20,988 shares during the quarter. Principal Financial Group Inc.’s holdings in Teradyne were worth $40,200,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TER. Two Sigma Advisers LP grew its stake in shares of Teradyne by 168.8% in the fourth quarter. Two Sigma Advisers LP now owns 2,489,626 shares of the semiconductor company’s stock valued at $104,241,000 after buying an additional 1,563,591 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Teradyne by 652.2% in the fourth quarter. First Trust Advisors LP now owns 1,071,845 shares of the semiconductor company’s stock valued at $44,878,000 after buying an additional 929,346 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Teradyne by 52.4% in the fourth quarter. Deutsche Bank AG now owns 2,699,933 shares of the semiconductor company’s stock valued at $113,039,000 after buying an additional 928,903 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Teradyne by 27.7% in the fourth quarter. Renaissance Technologies LLC now owns 4,186,459 shares of the semiconductor company’s stock valued at $175,287,000 after buying an additional 908,059 shares in the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp bought a new position in shares of Teradyne in the first quarter valued at $36,930,000. 96.36% of the stock is owned by institutional investors and hedge funds.

Shares of Teradyne opened at $38.93 on Thursday, MarketBeat.com reports. Teradyne, Inc. has a 1 year low of $29.68 and a 1 year high of $50.68. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 1.52 and a beta of 1.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.51 and a quick ratio of 5.17.

Teradyne (NYSE:TER) last posted its earnings results on Tuesday, April 24th. The semiconductor company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03. Teradyne had a return on equity of 23.45% and a net margin of 11.97%. The company had revenue of $487.00 million during the quarter, compared to the consensus estimate of $478.77 million. During the same quarter last year, the firm earned $0.61 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. sell-side analysts forecast that Teradyne, Inc. will post 1.91 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Thursday, May 31st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, May 30th. Teradyne’s dividend payout ratio is currently 15.38%.

Several equities research analysts have issued reports on TER shares. Needham & Company LLC cut their price target on Teradyne to $45.00 and set a “positive” rating for the company in a report on Thursday, April 26th. Cowen started coverage on Teradyne in a report on Monday, May 14th. They set a “market perform” rating and a $40.00 price target for the company. Zacks Investment Research downgraded Teradyne from a “hold” rating to a “sell” rating in a report on Friday, April 27th. Bank of America started coverage on Teradyne in a report on Wednesday, March 21st. They set a “buy” rating and a $58.00 price target for the company. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $37.00 price target on shares of Teradyne in a report on Wednesday, April 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $47.15.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test 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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Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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