Koch Industries Inc. boosted its holdings in Teradyne, Inc. (NYSE:TER) by 104.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,916 shares of the semiconductor company’s stock after acquiring an additional 9,147 shares during the quarter. Koch Industries Inc.’s holdings in Teradyne were worth $750,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC increased its stake in Teradyne by 192.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 60,254 shares of the semiconductor company’s stock worth $2,247,000 after purchasing an additional 39,659 shares in the last quarter. State of Tennessee Treasury Department increased its stake in Teradyne by 28.6% in the 3rd quarter. State of Tennessee Treasury Department now owns 180,000 shares of the semiconductor company’s stock worth $6,712,000 after purchasing an additional 40,000 shares in the last quarter. Pacer Advisors Inc. increased its stake in Teradyne by 21.2% in the 3rd quarter. Pacer Advisors Inc. now owns 34,685 shares of the semiconductor company’s stock worth $1,293,000 after purchasing an additional 6,058 shares in the last quarter. Van ECK Associates Corp increased its stake in Teradyne by 78.7% in the 3rd quarter. Van ECK Associates Corp now owns 340,488 shares of the semiconductor company’s stock worth $12,697,000 after purchasing an additional 149,914 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Teradyne by 652.2% in the 4th quarter. First Trust Advisors LP now owns 1,071,845 shares of the semiconductor company’s stock worth $44,878,000 after purchasing an additional 929,346 shares in the last quarter. Hedge funds and other institutional investors own 98.70% of the company’s stock.
In other news, insider Mark E. Jagiela sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $44.96, for a total transaction of $1,348,800.00. Following the completion of the transaction, the insider now directly owns 244,516 shares in the company, valued at $10,993,439.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Gregory R. Beecher sold 71,300 shares of the company’s 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 transaction, the chief financial officer now owns 77,676 shares of the company’s stock, valued at $3,617,371.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,009 shares of company stock valued at $6,731,077. Corporate insiders own 0.62% of the company’s stock.
Teradyne, Inc. (NYSE TER) traded up $0.34 on Wednesday, reaching $49.35. The company had a trading volume of 1,470,000 shares, compared to its average volume of 2,550,000. Teradyne, Inc. has a 12-month low of $29.68 and a 12-month high of $50.68. The company has a current ratio of 5.00, a quick ratio of 4.76 and a debt-to-equity ratio of 0.19. The firm has a market cap of $9,640.00, a price-to-earnings ratio of 22.33, a P/E/G ratio of 1.65 and a beta of 1.10.
Teradyne (NYSE:TER) last posted its earnings results on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.12. Teradyne had a return on equity of 23.37% and a net margin of 12.06%. The firm had revenue of $479.00 million during the quarter, compared to analyst estimates of $438.85 million. During the same period in the previous year, the company earned $0.32 EPS. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. research analysts expect that Teradyne, Inc. will post 2.52 EPS for the current year.
Teradyne declared that its Board of Directors has approved a share repurchase program on Wednesday, January 24th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, February 23rd will be issued a $0.09 dividend. This is a positive change from Teradyne’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, February 22nd. Teradyne’s payout ratio is 16.29%.
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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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