Cerity Partners LLC acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER – Get Rating) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,302 shares of the company's stock, valued at approximately $207,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Signaturefd LLC lifted its holdings in shares of Teradyne by 20.5% during the first quarter. Signaturefd LLC now owns 634 shares of the company's stock valued at $75,000 after acquiring an additional 108 shares during the period. West Family Investments Inc. lifted its holdings in shares of Teradyne by 6.8% during the first quarter. West Family Investments Inc. now owns 1,800 shares of the company's stock valued at $213,000 after acquiring an additional 115 shares during the period. State of Michigan Retirement System lifted its holdings in shares of Teradyne by 0.3% during the first quarter. State of Michigan Retirement System now owns 44,335 shares of the company's stock valued at $5,242,000 after acquiring an additional 135 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Teradyne by 26.0% during the second quarter. Lindbrook Capital LLC now owns 692 shares of the company's stock valued at $62,000 after acquiring an additional 143 shares during the period. Finally, Calton & Associates Inc. lifted its holdings in shares of Teradyne by 3.4% during the second quarter. Calton & Associates Inc. now owns 4,575 shares of the company's stock valued at $409,000 after acquiring an additional 150 shares during the period. 98.52% of the stock is owned by institutional investors.
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Insider Activity
In other news, insider Brad Robbins sold 3,144 shares of Teradyne stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $75.84, for a total transaction of $238,440.96. Following the transaction, the insider now owns 44,755 shares in the company, valued at approximately $3,394,219.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is currently owned by company insiders.
Teradyne Trading Up 2.0 %
Teradyne stock opened at $92.93 on Wednesday. The firm has a market cap of $14.47 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 5.18 and a beta of 1.50. Teradyne, Inc. has a 1 year low of $67.81 and a 1 year high of $168.91. The stock's 50-day moving average is $80.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.03 and a quick ratio of 2.59.
Teradyne (NASDAQ:TER – Get Rating) last posted its earnings results on Tuesday, October 25th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.11. The company had revenue of $827.07 million during the quarter, compared to analyst estimates of $800.20 million. Teradyne had a return on equity of 33.39% and a net margin of 23.38%. The company's revenue for the quarter was down 13.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.59 EPS. Research analysts anticipate that Teradyne, Inc. will post 4.07 EPS for the current fiscal year.
Teradyne Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Monday, November 28th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Friday, November 25th. Teradyne's dividend payout ratio (DPR) is presently 9.84%.
Wall Street Analysts Forecast Growth
TER has been the subject of a number of analyst reports. ATB Capital cut their price objective on Teradyne to $8.00 in a report on Friday, August 12th. StockNews.com assumed coverage on Teradyne in a research note on Wednesday, October 12th. They issued a "hold" rating for the company. Susquehanna raised their target price on Teradyne from $83.00 to $100.00 in a research note on Thursday, October 27th. Northland Securities lowered their target price on Teradyne from $85.00 to $74.00 and set a "market perform" rating for the company in a research note on Monday, October 17th. Finally, The Goldman Sachs Group lowered their target price on Teradyne from $106.00 to $93.00 and set a "neutral" rating for the company in a research note on Thursday, October 27th. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $94.65.
About Teradyne
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Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.
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