Wells Fargo & Company MN boosted its position in Teradyne, Inc. (NYSE:TER) by 71.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,293,075 shares of the semiconductor company’s stock after purchasing an additional 1,781,854 shares during the period. Wells Fargo & Company MN owned about 2.16% of Teradyne worth $128,922,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in TER. BlackRock Inc. boosted its position in Teradyne by 11,980.5% in the first quarter. BlackRock Inc. now owns 18,369,484 shares of the semiconductor company’s stock worth $571,292,000 after purchasing an additional 18,217,425 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Teradyne by 238.2% in the second quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock worth $116,451,000 after purchasing an additional 2,731,167 shares during the last quarter. Capital Growth Management LP purchased a new position in Teradyne in the first quarter worth about $55,047,000. Ardevora Asset Management LLP purchased a new position in Teradyne in the second quarter worth about $32,468,000. Finally, Vanguard Group Inc. boosted its position in Teradyne by 5.0% in the first quarter. Vanguard Group Inc. now owns 16,743,214 shares of the semiconductor company’s stock worth $520,713,000 after purchasing an additional 802,000 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of Teradyne, Inc. (NYSE:TER) opened at 35.08 on Monday. The company has a market cap of $6.94 billion, a P/E ratio of 18.10 and a beta of 0.94. The company’s 50-day moving average price is $34.62 and its 200 day moving average price is $33.03. Teradyne, Inc. has a 52 week low of $20.07 and a 52 week high of $36.86.
Teradyne (NYSE:TER) last issued its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The company had revenue of $697 million for the quarter, compared to the consensus estimate of $683.66 million. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. Teradyne’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 earnings per share. Equities research analysts anticipate that Teradyne, Inc. will post $1.97 earnings per share for the current fiscal year.
The firm 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 dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.28 dividend on an annualized basis and a yield of 0.80%. Teradyne’s dividend payout ratio is currently 14.51%.
Several brokerages have issued reports on TER. Zacks Investment Research raised Teradyne from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Friday. KeyCorp reissued a “buy” rating and issued a $40.00 target price on shares of Teradyne in a research report on Tuesday, September 5th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Teradyne in a research report on Friday, September 1st. BidaskClub raised Teradyne from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, Cowen and Company set a $41.00 target price on Teradyne and gave the stock a “buy” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $35.80.
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In other Teradyne news, insider Brad Robbins sold 15,892 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $34.54, for a total transaction of $548,909.68. Following the completion of the transaction, the insider now owns 19,171 shares of the company’s stock, valued at $662,166.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edwin J. Gillis sold 41,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $35.63, for a total value of $1,460,830.00. Following the transaction, the director now directly owns 49,638 shares of the company’s stock, valued at approximately $1,768,601.94. The disclosure for this sale can be found here. Insiders have sold 109,060 shares of company stock worth $3,834,807 in the last quarter. 0.62% of the stock is currently owned by company insiders.
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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