Schroder Investment Management Group purchased a new stake in shares of Teradyne, Inc. (NYSE:TER) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,441 shares of the semiconductor company’s stock, valued at approximately $452,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Advisors Preferred LLC bought a new stake in shares of Teradyne in the 2nd quarter valued at approximately $39,000. Point72 Asset Management L.P. bought a new stake in shares of Teradyne in the 2nd quarter valued at approximately $91,000. SevenBridge Financial Group LLC grew its stake in shares of Teradyne by 146.9% in the 2nd quarter. SevenBridge Financial Group LLC now owns 2,185 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 1,300 shares during the period. Captrust Financial Advisors grew its stake in shares of Teradyne by 10.3% in the 2nd quarter. Captrust Financial Advisors now owns 2,391 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 224 shares during the period. Finally, NEXT Financial Group Inc grew its stake in shares of Teradyne by 117.4% in the 2nd quarter. NEXT Financial Group Inc now owns 3,261 shares of the semiconductor company’s stock valued at $156,000 after purchasing an additional 1,761 shares during the period.
In other Teradyne news, Director Marilyn Matz sold 500 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $57.00, for a total transaction of $28,500.00. Following the transaction, the director now owns 9,342 shares of the company’s stock, valued at approximately $532,494. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Charles Jeffrey Gray sold 6,955 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $57.14, for a total value of $397,408.70. Following the transaction, the vice president now directly owns 28,000 shares in the company, valued at approximately $1,599,920. The disclosure for this sale can be found here. Insiders sold a total of 34,570 shares of company stock worth $1,978,796 over the last three months. 0.49% of the stock is owned by company insiders.
Teradyne (NYSE:TER) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.62 by $0.04. The business had revenue of $564.00 million for the quarter, compared to the consensus estimate of $536.72 million. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. Teradyne’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. On average, equities analysts forecast that Teradyne, Inc. will post 2.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, September 4th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Tuesday, September 3rd. Teradyne’s payout ratio is currently 15.38%.
Several equities research analysts have recently weighed in on TER shares. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Saturday, September 7th. Northland Securities reiterated a “hold” rating on shares of Teradyne in a research note on Monday, July 22nd. Stifel Nicolaus lowered Teradyne from a “buy” rating to a “hold” rating and upped their price objective for the company from $52.00 to $53.00 in a research note on Thursday, July 25th. Finally, Credit Suisse Group upped their price objective on Teradyne from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.44.
Teradyne Company Profile
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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