Emerald Advisers Inc. PA Purchases New Stake in Teradyne, Inc. (TER)

Emerald Advisers Inc. PA purchased a new position in shares of Teradyne, Inc. (NYSE:TER) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,588 shares of the semiconductor company’s stock, valued at approximately $281,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hartford Investment Management Co. acquired a new stake in Teradyne during the 2nd quarter worth about $212,000. Cornerstone Wealth Management LLC acquired a new stake in Teradyne during the 3rd quarter worth about $214,000. Perpetual Ltd acquired a new stake in Teradyne during the 3rd quarter worth about $215,000. Strs Ohio acquired a new stake in Teradyne during the 2nd quarter worth about $309,000. Finally, BB&T Securities LLC lifted its position in Teradyne by 50.9% during the 2nd quarter. BB&T Securities LLC now owns 9,356 shares of the semiconductor company’s stock worth $356,000 after acquiring an additional 3,154 shares during the period.

TER has been the subject of a number of research reports. ValuEngine cut Teradyne from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Goldman Sachs Group lowered Teradyne from a “buy” rating to a “neutral” rating in a research note on Thursday, October 18th. Needham & Company LLC lifted their price objective on Teradyne from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Craig Hallum upgraded Teradyne from a “hold” rating to a “buy” rating in a research note on Thursday, October 25th. Finally, Citigroup reduced their price objective on Teradyne from $51.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $45.36.

NYSE TER opened at $36.11 on Friday. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 1.81 and a beta of 1.25. Teradyne, Inc. has a fifty-two week low of $30.22 and a fifty-two week high of $50.68. The company has a quick ratio of 3.76, a current ratio of 4.10 and a debt-to-equity ratio of 0.23.

Teradyne (NYSE:TER) last released its quarterly earnings data on Tuesday, October 23rd. The semiconductor company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.08. The business had revenue of $566.90 million during the quarter, compared to analyst estimates of $556.87 million. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. Analysts forecast that Teradyne, Inc. will post 2.25 EPS for the current year.

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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