Van ECK Associates Corp grew its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,082,064 shares of the company's stock after buying an additional 183,721 shares during the period. Van ECK Associates Corp owned 1.89% of Teradyne worth $383,501,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. First Trust Direct Indexing L.P. lifted its position in shares of Teradyne by 17.1% during the 1st quarter. First Trust Direct Indexing L.P. now owns 2,992 shares of the company's stock valued at $338,000 after acquiring an additional 438 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Teradyne by 8.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 14,853 shares of the company's stock valued at $1,676,000 after acquiring an additional 1,159 shares during the period. Private Advisor Group LLC lifted its position in shares of Teradyne by 65.6% during the 1st quarter. Private Advisor Group LLC now owns 5,920 shares of the company's stock valued at $668,000 after acquiring an additional 2,345 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Teradyne by 8.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company's stock valued at $21,295,000 after acquiring an additional 14,272 shares during the period. Finally, BNP Paribas bought a new stake in shares of Teradyne during the 1st quarter valued at $996,000. 99.77% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the company. Susquehanna boosted their price target on Teradyne from $130.00 to $145.00 and gave the stock a "positive" rating in a report on Friday, July 26th. JPMorgan Chase & Co. upped their target price on Teradyne from $120.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, July 23rd. StockNews.com raised Teradyne from a "sell" rating to a "hold" rating in a report on Sunday, October 27th. Northland Capmk cut Teradyne from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 18th. Finally, Citigroup lowered their target price on Teradyne from $185.00 to $162.00 and set a "buy" rating for the company in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Teradyne presently has an average rating of "Hold" and a consensus price target of $142.62.
Read Our Latest Report on TER
In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the sale, the director now directly owns 15,893 shares of the company's stock, valued at $2,110,590.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Richard John Burns sold 789 shares of the firm's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the transaction, the insider now directly owns 21,864 shares of the company's stock, valued at $2,903,539.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $83,000.00. Following the sale, the director now directly owns 15,893 shares of the company's stock, valued at $2,110,590.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,352 shares of company stock valued at $1,899,353 over the last ninety days. 0.36% of the stock is currently owned by insiders.
Shares of Teradyne stock traded up $0.28 on Friday, hitting $106.49. The company had a trading volume of 2,352,075 shares, compared to its average volume of 2,275,376. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of 33.81, a P/E/G ratio of 2.31 and a beta of 1.52. Teradyne, Inc. has a 1 year low of $83.74 and a 1 year high of $163.21. The stock has a 50 day moving average of $126.98 and a 200-day moving average of $131.98.
Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.12. The company had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. Teradyne's revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $0.80 earnings per share. Equities analysts anticipate that Teradyne, Inc. will post 3.15 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne's dividend payout ratio is currently 15.24%.
Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.
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