SG Americas Securities LLC cut its stake in Teradyne (NYSE:TER) by 41.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,341 shares of the semiconductor company’s stock after selling 26,323 shares during the period. SG Americas Securities LLC’s holdings in Teradyne were worth $1,707,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Carnick & Kubik Group LLC boosted its stake in Teradyne by 63.3% in the 1st quarter. Carnick & Kubik Group LLC now owns 148,925 shares of the semiconductor company’s stock worth $6,807,000 after purchasing an additional 57,725 shares in the last quarter. Atria Investments LLC acquired a new stake in Teradyne in the 1st quarter worth approximately $252,000. Westpac Banking Corp boosted its stake in Teradyne by 30.8% in the 1st quarter. Westpac Banking Corp now owns 139,000 shares of the semiconductor company’s stock worth $6,354,000 after purchasing an additional 32,750 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Teradyne by 21.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 41,700 shares of the semiconductor company’s stock worth $1,906,000 after purchasing an additional 7,436 shares in the last quarter. Finally, Twin Capital Management Inc. boosted its stake in Teradyne by 7.6% in the 1st quarter. Twin Capital Management Inc. now owns 178,180 shares of the semiconductor company’s stock worth $8,144,000 after purchasing an additional 12,530 shares in the last quarter. Institutional investors own 99.00% of the company’s stock.
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Shares of Teradyne opened at $37.39 on Friday, according to MarketBeat.com. The company has a quick ratio of 5.26, a current ratio of 5.51 and a debt-to-equity ratio of 0.19. Teradyne has a 12 month low of $29.68 and a 12 month high of $50.68. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 1.46 and a beta of 1.17.
Teradyne (NYSE:TER) last posted its earnings results on Tuesday, April 24th. The semiconductor company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. The firm had revenue of $487.00 million during the quarter, compared to analyst estimates of $478.77 million. Teradyne had a net margin of 11.97% and a return on equity of 23.45%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. equities research analysts forecast that Teradyne will post 1.91 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Thursday, May 31st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Wednesday, May 30th. Teradyne’s dividend payout ratio (DPR) is 15.38%.
Teradyne declared that its board has authorized a stock repurchase plan on Wednesday, January 24th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
TER has been the subject of a number of recent analyst reports. Needham & Company LLC lowered their target price on shares of Teradyne to $45.00 and set a “positive” rating for the company in a research note on Thursday, April 26th. Cowen initiated coverage on shares of Teradyne in a research note on Monday, May 14th. They set a “market perform” rating and a $40.00 price objective for the company. ValuEngine upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of Teradyne from a “hold” rating to a “sell” rating in a research note on Friday, April 27th. Finally, DA Davidson lifted their price objective on shares of Teradyne to $55.00 and gave the company a “buy” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $47.15.
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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