Mason Street Advisors LLC cut its stake in Teradyne, Inc. (NYSE:TER) by 1.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 92,331 shares of the semiconductor company’s stock after selling 1,561 shares during the quarter. Mason Street Advisors LLC’s holdings in Teradyne were worth $3,678,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of TER. Norges Bank purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $76,752,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Teradyne by 2,983.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,334,484 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 2,258,762 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Teradyne by 15.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,966,313 shares of the semiconductor company’s stock valued at $61,703,000 after purchasing an additional 262,014 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Teradyne by 11.5% during the fourth quarter. Two Sigma Advisers LP now owns 1,870,875 shares of the semiconductor company’s stock valued at $58,708,000 after purchasing an additional 192,340 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Teradyne by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 1,858,833 shares of the semiconductor company’s stock valued at $58,330,000 after purchasing an additional 61,482 shares during the last quarter.
Shares of TER opened at $45.90 on Friday. The company has a market cap of $7.87 billion, a P/E ratio of 19.62, a PEG ratio of 2.02 and a beta of 1.25. 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, Inc. has a twelve month low of $28.73 and a twelve month high of $49.83.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.10. The company had revenue of $494.00 million during the quarter, compared to the consensus estimate of $476.23 million. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. On average, sell-side analysts anticipate that Teradyne, Inc. will post 2.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Wednesday, May 29th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Tuesday, May 28th. Teradyne’s dividend payout ratio (DPR) is currently 15.38%.
In other Teradyne news, insider Brad Robbins sold 10,000 shares of Teradyne stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $49.46, for a total value of $494,600.00. Following the completion of the sale, the insider now owns 43,840 shares of the company’s stock, valued at approximately $2,168,326.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael A. Bradley sold 27,049 shares of Teradyne stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $48.95, for a total transaction of $1,324,048.55. Following the completion of the sale, the director now directly owns 74,008 shares of the company’s stock, valued at approximately $3,622,691.60. The disclosure for this sale can be found here. Insiders have sold 77,345 shares of company stock valued at $3,751,648 in the last three months. 0.49% of the stock is owned by insiders.
TER has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating and set a $55.00 target price for the company in a report on Friday, April 26th. Stifel Nicolaus lifted their target price on shares of Teradyne from $48.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Cowen reiterated a “market perform” rating and set a $50.00 target price (up from $40.00) on shares of Teradyne in a report on Thursday, April 25th. Credit Suisse Group reiterated a “hold” rating on shares of Teradyne in a report on Friday, January 25th. Finally, DA Davidson lifted their target price on shares of Teradyne to $48.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $45.60.
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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