Hanseatic Management Services Inc. lowered its position in Teradyne, Inc. (NYSE:TER) by 34.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,129 shares of the semiconductor company’s stock after selling 11,503 shares during the period. Hanseatic Management Services Inc.’s holdings in Teradyne were worth $825,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. WFG Advisors LP grew its holdings in shares of 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 acquiring an additional 700 shares during the period. Paradigm Asset Management Co. LLC grew its holdings in shares of 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 acquiring an additional 2,900 shares during the period. IFP Advisors Inc grew its holdings in shares of 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 acquiring an additional 211 shares during the period. Fiduciary Trust Co. bought a new stake in shares of Teradyne in the second quarter worth $147,000. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of Teradyne in the third quarter worth $201,000. 90.65% of the stock is owned by institutional investors.
Several analysts recently commented on the company. Citigroup Inc. lifted their price objective on Teradyne from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Credit Suisse Group lifted their price objective on Teradyne from $36.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Zacks Investment Research raised Teradyne from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective for the company in a report on Friday, October 27th. KeyCorp reiterated a “buy” rating and set a $47.00 target price on shares of Teradyne in a research report on Friday, October 27th. Finally, Robert W. Baird reiterated a “positive” rating and set a $48.00 target price (up from $37.00) on shares of Teradyne in a research report on Friday, October 27th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Teradyne presently has a consensus rating of “Buy” and a consensus target price of $40.17.
Shares of Teradyne, Inc. (NYSE TER) traded down $0.48 during trading on Wednesday, hitting $42.87. The stock had a trading volume of 1,126,112 shares, compared to its average volume of 2,460,276. Teradyne, Inc. has a fifty-two week low of $23.39 and a fifty-two week high of $44.33. The stock has a market capitalization of $8,601.51, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 1.64 and a beta of 1.04. The company has a quick ratio of 4.67, a current ratio of 4.96 and a debt-to-equity ratio of 0.17.
Teradyne (NYSE:TER) last announced its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $503.40 million for the quarter, compared to the consensus estimate of $472.86 million. During the same period in the previous year, the business earned $0.31 earnings per share. The business’s revenue was up 22.6% on a year-over-year basis. analysts forecast that Teradyne, Inc. will post 2.22 earnings per share for the current year.
The firm 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 $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.65%. Teradyne’s payout ratio is 13.08%.
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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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