Eaton Vance Management lifted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 8.2% during the 4th quarter, Holdings Channel reports. The firm owned 335,241 shares of the company’s stock after purchasing an additional 25,432 shares during the quarter. Eaton Vance Management’s holdings in Teradyne were worth $40,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in TER. Norges Bank acquired a new position in Teradyne in the 4th quarter valued at about $163,283,000. Vontobel Asset Management Inc. grew its stake in Teradyne by 158.8% in the 4th quarter. Vontobel Asset Management Inc. now owns 2,171,789 shares of the company’s stock valued at $270,490,000 after buying an additional 1,332,769 shares during the last quarter. Morgan Stanley grew its position in shares of Teradyne by 81.2% during the 4th quarter. Morgan Stanley now owns 1,729,610 shares of the company’s stock worth $207,363,000 after purchasing an additional 775,186 shares in the last quarter. Polar Capital LLP grew its position in shares of 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 purchasing an additional 446,380 shares in the last quarter. Finally, Newbrook Capital Advisors LP acquired a new position in shares of Teradyne during the 4th quarter worth approximately $46,390,000. Institutional investors and hedge funds own 94.85% of the company’s stock.
In other news, VP Charles Jeffrey Gray sold 18,941 shares of the firm’s stock in a transaction on Friday, January 29th. The shares were sold at an average price of $118.34, for a total transaction of $2,241,477.94. Following the completion of the transaction, the vice president now owns 46,138 shares of the company’s stock, valued at $5,459,970.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark E. Jagiela sold 90,545 shares of the firm’s stock in a transaction on Thursday, March 18th. The shares were sold at an average price of $114.38, for a total transaction of $10,356,537.10. Following the transaction, the chief executive officer now directly owns 281,413 shares of the company’s stock, valued at approximately $32,188,018.94. The disclosure for this sale can be found here. Insiders have sold 206,130 shares of company stock valued at $24,106,370 in the last ninety days. Insiders own 0.62% of the company’s stock.
Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, January 27th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.09. The business had revenue of $758.97 million during the quarter, compared to the consensus estimate 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 prior year, the firm earned $0.88 EPS. As a group, analysts expect that Teradyne, Inc. will post 4.49 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 19th. Stockholders of record on Friday, February 19th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend was Thursday, February 18th. Teradyne’s payout ratio is currently 13.99%.
A number of brokerages have issued reports on TER. Morgan Stanley began coverage on shares of Teradyne in a research report on Thursday, December 10th. They set an “overweight” rating and a $138.00 target price on the stock. Bank of America upgraded shares of Teradyne from a “neutral” rating to a “buy” rating in a research report on Monday, January 11th. KeyCorp increased their target price on shares of Teradyne from $115.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 6th. Credit Suisse Group increased their target price on shares of Teradyne from $90.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, January 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $150.00 price target (up previously from $128.00) on shares of Teradyne in a report on Monday, January 18th. One equities research 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 company currently has a consensus rating of “Buy” and a consensus target price of $120.71.
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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