Capital Fund Management S.A. raised its holdings in Teradyne, Inc. (NYSE:TER) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,254 shares of the semiconductor company’s stock after buying an additional 2,405 shares during the period. Capital Fund Management S.A.’s holdings in Teradyne were worth $2,481,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in TER. Wells Fargo & Company MN boosted its position in shares of Teradyne by 10.2% in the third quarter. Wells Fargo & Company MN now owns 4,729,629 shares of the semiconductor company’s stock valued at $176,368,000 after acquiring an additional 436,554 shares during the period. Pictet Asset Management Ltd. lifted its position in Teradyne by 25.5% during the third quarter. Pictet Asset Management Ltd. now owns 3,034,185 shares of the semiconductor company’s stock valued at $113,144,000 after purchasing an additional 615,971 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Teradyne by 7.9% during the third 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 in the last quarter. AXA raised its stake in shares of Teradyne by 18.8% during the third 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 in the last quarter. Finally, Argent Capital Management LLC purchased a new position in shares of Teradyne during the third quarter worth approximately $47,393,000. Institutional investors own 98.70% of the company’s stock.
Teradyne, Inc. (NYSE:TER) traded up $0.35 during mid-day trading on Wednesday, reaching $49.35. The company’s stock had a trading volume of 1,470,000 shares, compared to its average volume of 2,550,000. The stock has a market capitalization of $9,640.00, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 4.76 and a current ratio of 5.00. Teradyne, Inc. has a twelve month low of $29.68 and a twelve month high of $50.68.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, February 23rd will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, February 22nd. This is a positive change from Teradyne’s previous quarterly dividend of $0.07. Teradyne’s payout ratio is 16.29%.
Teradyne declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.
TER has been the topic of several analyst reports. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Monday, January 29th. Needham & Company LLC boosted their target price on shares of Teradyne from $47.00 to $52.00 and gave the company a “buy” rating in a report on Friday, January 26th. DA Davidson upped their price target on shares of Teradyne to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Stifel Nicolaus upped their price target on shares of Teradyne from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Goldman Sachs Group upgraded shares of Teradyne from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 12th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Teradyne has an average rating of “Buy” and an average target price of $48.00.
In related news, CFO Gregory R. Beecher sold 71,300 shares of Teradyne stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $46.57, for a total transaction of $3,320,441.00. Following the completion of the sale, the chief financial officer now owns 77,676 shares of the company’s stock, valued at $3,617,371.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Charles Jeffrey Gray sold 5,040 shares of Teradyne stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $47.25, for a total value of $238,140.00. Following the transaction, the vice president now owns 31,593 shares of the company’s stock, valued at $1,492,769.25. The disclosure for this sale can be found here. Insiders sold 146,009 shares of company stock worth $6,731,077 in the last quarter. 0.62% of the stock is owned by insiders.
Teradyne Company Profile
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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