Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Teradyne, Inc. (NYSE:TER) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 150,000 shares of the semiconductor company’s stock, valued at approximately $6,281,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.08% of Teradyne as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Wells Fargo & Company MN increased its stake in Teradyne by 10.2% in the 3rd quarter. Wells Fargo & Company MN now owns 4,729,629 shares of the semiconductor company’s stock worth $176,368,000 after acquiring an additional 436,554 shares during the last quarter. Macquarie Group Ltd. increased its stake in Teradyne by 7.9% in the 3rd quarter. Macquarie Group Ltd. now owns 2,836,735 shares of the semiconductor company’s stock worth $105,782,000 after acquiring an additional 206,508 shares during the last quarter. Geode Capital Management LLC increased its stake in Teradyne by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 1,717,201 shares of the semiconductor company’s stock worth $71,899,000 after acquiring an additional 150,144 shares during the last quarter. AXA increased its stake in Teradyne by 18.8% in the 3rd quarter. AXA now owns 1,441,911 shares of the semiconductor company’s stock worth $53,769,000 after acquiring an additional 228,063 shares during the last quarter. Finally, Argent Capital Management LLC bought a new position in Teradyne in the 3rd quarter worth about $47,393,000. Institutional investors and hedge funds own 98.58% of the company’s stock.
In other Teradyne news, CFO Gregory R. Beecher sold 71,300 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $46.57, for a total value of $3,320,441.00. Following the completion of the sale, the chief financial officer now owns 77,676 shares in the company, valued at approximately $3,617,371.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gregory Stephen Smith sold 7,431 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $44.51, for a total value of $330,753.81. Following the completion of the sale, the insider now owns 6,599 shares of the company’s stock, valued at approximately $293,721.49. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,009 shares of company stock valued at $6,731,077. Company insiders own 0.62% of the company’s stock.
TER stock traded down $1.92 during trading on Monday, hitting $43.79. 2,495,242 shares of the company traded hands, compared to its average volume of 2,604,333. The stock has a market capitalization of $8,932.77, a PE ratio of 18.71, a P/E/G ratio of 1.30 and a beta of 1.13. Teradyne, Inc. has a 1 year low of $29.68 and a 1 year high of $50.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.00 and a quick ratio of 4.76.
Teradyne (NYSE:TER) last issued its earnings results on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.12. The company had revenue of $479.00 million during the quarter, compared to analysts’ expectations of $438.85 million. Teradyne had a return on equity of 23.37% and a net margin of 12.06%. Teradyne’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS. analysts anticipate that Teradyne, Inc. will post 2.53 EPS for the current year.
Teradyne announced that its board has authorized a stock repurchase program on Wednesday, January 24th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, February 23rd were issued a $0.09 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.36 annualized dividend and a yield of 0.82%. This is a boost from Teradyne’s previous quarterly dividend of $0.07. Teradyne’s dividend payout ratio (DPR) is 15.38%.
TER has been the topic of a number of research analyst reports. Zacks Investment Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Goldman Sachs upgraded Teradyne from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 12th. DA Davidson increased their price objective on Teradyne to $55.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Evercore ISI upgraded Teradyne from an “in-line” rating to an “outperform” rating in a research report on Tuesday, January 2nd. Finally, Needham & Company LLC increased their target price on Teradyne from $47.00 to $52.00 and gave the company a “buy” rating in a report on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $48.83.
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Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.
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