Crown Advisors Management Inc. reduced its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,000 shares of the company’s stock after selling 10,000 shares during the period. Teradyne makes up 5.6% of Crown Advisors Management Inc.’s holdings, making the stock its largest position. Crown Advisors Management Inc.’s holdings in Teradyne were worth $7,793,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Teradyne by 66.8% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,569,841 shares of the company’s stock worth $124,740,000 after buying an additional 628,841 shares during the period. Polar Capital LLP lifted its position in Teradyne by 58.2% during the 3rd quarter. Polar Capital LLP now owns 1,213,740 shares of the company’s stock worth $96,444,000 after acquiring an additional 446,380 shares during the period. Jupiter Asset Management Ltd. lifted its position in Teradyne by 4,217.2% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 447,567 shares of the company’s stock worth $35,541,000 after acquiring an additional 437,200 shares during the period. Voloridge Investment Management LLC grew its stake in Teradyne by 156.5% during the 3rd quarter. Voloridge Investment Management LLC now owns 449,854 shares of the company’s stock valued at $35,745,000 after purchasing an additional 274,458 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of Teradyne by 532.4% in the third quarter. Squarepoint Ops LLC now owns 304,379 shares of the company’s stock valued at $24,186,000 after purchasing an additional 256,248 shares during the period. Institutional investors own 94.85% of the company’s stock.
TER has been the subject of a number of research reports. Citigroup lifted their target price on Teradyne from $107.00 to $162.00 in a report on Monday, January 25th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Teradyne from $130.00 to $150.00 and gave the company a “buy” rating in a report on Monday, January 25th. Bank of America raised shares of Teradyne from a “neutral” rating to a “buy” rating in a report on Monday, January 11th. Morgan Stanley started coverage on shares of Teradyne in a research report on Thursday, December 10th. They set an “overweight” rating and a $138.00 target price for the company. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $150.00 price target (up from $128.00) on shares of Teradyne in a research report on Monday, January 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $118.06.
Shares of TER stock traded down $5.53 during trading hours on Tuesday, hitting $126.86. 128,478 shares of the company’s stock were exchanged, compared to its average volume of 2,061,841. Teradyne, Inc. has a fifty-two week low of $42.87 and a fifty-two week high of $147.90. The firm has a market cap of $21.07 billion, a P/E ratio of 33.26, a P/E/G ratio of 1.14 and a beta of 1.35. The company has a quick ratio of 3.05, a current ratio of 3.34 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average of $132.50 and a two-hundred day moving average of $114.06.
Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, January 27th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. The company had revenue of $758.97 million during the quarter, compared to analyst estimates of $721.22 million. Teradyne had a net margin of 24.02% and a return on equity of 44.90%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. On average, equities analysts forecast that Teradyne, Inc. will post 4.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 19th. Stockholders of record on Friday, February 19th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, February 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. Teradyne’s dividend payout ratio is currently 13.99%.
Teradyne Company Profile
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, computer and electronic game, and other applications.
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