CI Investments Inc. reduced its position in shares of Teradyne, Inc. (NASDAQ:TER – Get Rating) by 25.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 353 shares of the company's stock after selling 118 shares during the period. CI Investments Inc.'s holdings in Teradyne were worth $32,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. Bartlett & Co. LLC bought a new stake in shares of Teradyne in the second quarter worth $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Teradyne in the first quarter worth $29,000. Clear Street Markets LLC increased its stake in shares of Teradyne by 401.5% in the second quarter. Clear Street Markets LLC now owns 336 shares of the company's stock worth $30,000 after buying an additional 269 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Teradyne by 700.0% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 400 shares of the company's stock worth $36,000 after buying an additional 350 shares during the last quarter. Finally, Larson Financial Group LLC bought a new stake in shares of Teradyne in the second quarter worth $38,000. 98.52% of the stock is owned by institutional investors and hedge funds.
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Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on TER shares. DA Davidson dropped their price target on shares of Teradyne from $120.00 to $105.00 in a research note on Thursday, October 27th. Cowen lowered their target price on shares of Teradyne to $110.00 in a research note on Thursday, October 27th. Northland Securities lowered their target price on shares of Teradyne from $85.00 to $74.00 and set a "market perform" rating for the company in a research note on Monday, October 17th. Craig Hallum upgraded shares of Teradyne from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a research note on Thursday, October 27th. Finally, Morgan Stanley lowered their target price on shares of Teradyne from $116.00 to $92.00 and set an "equal weight" rating for the company in a research note on Thursday, October 27th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.20.
Insiders Place Their Bets
In other Teradyne news, insider Brad Robbins sold 3,144 shares of the business's 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 sale, the insider now owns 44,755 shares in the company, valued at approximately $3,394,219.20. The transaction was disclosed in a filing with the SEC, which is available through
this link. Corporate insiders own 0.36% of the company's stock.
Teradyne Price Performance
Shares of NASDAQ TER opened at $92.67 on Friday. Teradyne, Inc. has a twelve month low of $67.81 and a twelve month high of $168.91. The company has a current ratio of 3.03, a quick ratio of 2.59 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $14.43 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 5.27 and a beta of 1.53. The firm has a 50-day moving average of $82.61 and a two-hundred day moving average of $89.15.
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 analysts' consensus estimates of $1.04 by $0.11. The company had revenue of $827.07 million during the quarter, compared to the consensus estimate of $800.20 million. Teradyne had a net margin of 23.38% and a return on equity of 33.39%. Teradyne's revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.59 EPS. As a group, analysts expect that Teradyne, Inc. will post 4.07 earnings per share for the current fiscal year.
Teradyne Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Monday, November 28th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, November 25th. This represents a $0.44 annualized dividend and a yield of 0.47%. Teradyne's payout ratio is presently 9.84%.
Teradyne Company Profile
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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.
Further Reading
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