CoreCap Advisors LLC purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER – Get Rating) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 902 shares of the company's stock, valued at approximately $81,000.
A number of other institutional investors also recently modified their holdings of TER. Mutual of America Capital Management LLC lifted its stake in shares of Teradyne by 1.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 21,759 shares of the company's stock valued at $2,573,000 after buying an additional 229 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Teradyne by 15.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 276,525 shares of the company's stock worth $32,693,000 after purchasing an additional 37,296 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in Teradyne in the 1st quarter worth approximately $220,000. Benjamin F. Edwards & Company Inc. lifted its stake in Teradyne by 16.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,282 shares of the company's stock worth $152,000 after purchasing an additional 178 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Teradyne by 7.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 18,635 shares of the company's stock worth $2,203,000 after purchasing an additional 1,371 shares in the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.
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Analyst Upgrades and Downgrades
TER has been the topic of several recent analyst reports. Evercore ISI set a $110.00 target price on shares of Teradyne in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Teradyne from $105.00 to $85.00 and set a "neutral" rating on the stock in a report on Wednesday, October 12th. Cowen dropped their target price on shares of Teradyne to $110.00 in a research report on Thursday, October 27th. StockNews.com started coverage on shares of Teradyne in a research report on Wednesday, October 12th. They set a "hold" rating for the company. Finally, Susquehanna Bancshares lifted their price target on shares of Teradyne from $83.00 to $100.00 in a research report on Thursday, October 27th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $93.12.
Teradyne Price Performance
Shares of NASDAQ:TER opened at $92.59 on Friday. 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, Inc. has a 1-year low of $67.81 and a 1-year high of $168.91. The company has a market capitalization of $14.42 billion, a P/E ratio of 20.71, a P/E/G ratio of 5.34 and a beta of 1.50. The firm's 50 day simple moving average is $81.07 and its two-hundred day simple moving average is $88.96.
Teradyne (NASDAQ:TER – Get Rating) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.11. Teradyne had a net margin of 23.38% and a return on equity of 33.39%. The business had revenue of $827.07 million for the quarter, compared to the consensus estimate of $800.20 million. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The company's revenue for the quarter was down 13.0% on a year-over-year basis. Research analysts expect that Teradyne, Inc. will post 4.07 EPS for the current fiscal year.
Teradyne Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Monday, November 28th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Friday, November 25th. Teradyne's dividend payout ratio (DPR) is 9.84%.
Insider Transactions at Teradyne
In other Teradyne news, insider Brad Robbins sold 3,144 shares of the stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $75.84, for a total transaction of $238,440.96. Following the transaction, the insider now directly owns 44,755 shares in the company, valued at approximately $3,394,219.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.36% of the company's stock.
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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