Oppenheimer & Co. Inc. trimmed its place in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 25.1% within the third quarter, in line with its most up-to-date disclosure with the SEC. The institutional investor owned 12,930 shares of the corporate’s inventory after promoting 4,340 shares in the course of the quarter. Oppenheimer & Co. Inc.’s holdings in Teradyne have been price $1,732,000 as of its most up-to-date submitting with the SEC.
A number of different hedge funds have additionally lately added to or lowered their stakes within the firm. Vanguard Group Inc. grew its stake in Teradyne by 0.7% in the course of the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the corporate’s inventory valued at $2,078,462,000 after buying a further 135,286 shares within the final quarter. Kayne Anderson Rudnick Funding Administration LLC boosted its holdings in shares of Teradyne by 1.3% in the course of the 2nd quarter. Kayne Anderson Rudnick Funding Administration LLC now owns 4,603,123 shares of the corporate’s inventory price $682,597,000 after buying a further 57,989 shares over the last quarter. Van ECK Associates Corp grew its place in shares of Teradyne by 6.3% within the third quarter. Van ECK Associates Corp now owns 3,082,064 shares of the corporate’s inventory valued at $383,501,000 after buying a further 183,721 shares within the final quarter. Sumitomo Mitsui Belief Group Inc. elevated its holdings in shares of Teradyne by 18.2% within the third quarter. Sumitomo Mitsui Belief Group Inc. now owns 2,432,722 shares of the corporate’s inventory valued at $325,814,000 after buying a further 374,522 shares over the last quarter. Lastly, Allspring International Investments Holdings LLC lifted its place in Teradyne by 2.2% in the course of the third quarter. Allspring International Investments Holdings LLC now owns 2,233,058 shares of the corporate’s inventory price $299,073,000 after shopping for a further 47,157 shares within the final quarter. 99.77% of the inventory is owned by institutional buyers and hedge funds.
Analyst Upgrades and Downgrades
Quite a lot of analysts have issued reviews on the corporate. Susquehanna raised their goal worth on Teradyne from $130.00 to $145.00 and gave the inventory a “constructive” score in a analysis notice on Friday, July twenty sixth. Northland Securities reduce their worth goal on shares of Teradyne from $126.00 to $117.00 and set a “market carry out” score for the corporate in a analysis report on Friday, October twenty fifth. Robert W. Baird decreased their goal worth on shares of Teradyne from $140.00 to $133.00 and set an “outperform” score on the inventory in a report on Friday, October twenty fifth. StockNews.com upgraded shares of Teradyne from a “promote” score to a “maintain” score in a report on Sunday, October twenty seventh. Lastly, Stifel Nicolaus lowered their worth goal on shares of Teradyne from $140.00 to $125.00 and set a “maintain” score on the inventory in a analysis report on Friday, October twenty fifth. One equities analysis analyst has rated the inventory with a promote score, six have issued a maintain score and eight have assigned a purchase score to the corporate. In keeping with MarketBeat.com, Teradyne has a consensus score of “Maintain” and a consensus goal worth of $142.62.
Insider Transactions at Teradyne
In associated information, CFO Sanjay Mehta bought 6,153 shares of the agency’s inventory in a transaction that occurred on Tuesday, August twentieth. The shares have been bought at a mean worth of $133.06, for a complete worth of $818,718.18. Following the sale, the chief monetary officer now owns 35,834 shares of the corporate’s inventory, valued at $4,768,072.04. This commerce represents a 14.65 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is on the market by means of this hyperlink. Additionally, CEO Gregory Stephen Smith bought 3,080 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, September eleventh. The inventory was bought at a mean worth of $130.00, for a complete transaction of $400,400.00. Following the transaction, the chief govt officer now owns 83,816 shares of the corporate’s inventory, valued at $10,896,080. This commerce represents a 3.54 % lower of their place. The disclosure for this sale will be discovered right here. During the last 90 days, insiders have bought 14,352 shares of firm inventory valued at $1,899,353. 0.36% of the inventory is presently owned by firm insiders.
Teradyne Buying and selling Down 3.7 %
TER inventory opened at $102.58 on Monday. The enterprise’s fifty day transferring common worth is $122.33 and its 200 day transferring common worth is $132.25. Teradyne, Inc. has a 12-month low of $90.24 and a 12-month excessive of $163.21. The corporate has a market capitalization of $16.71 billion, a PE ratio of 32.57, a P/E/G ratio of two.22 and a beta of 1.52.
Teradyne (NASDAQ:TER – Get Free Report) final issued its quarterly earnings outcomes on Wednesday, October twenty third. The corporate reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a web margin of 18.75% and a return on fairness of 18.56%. The enterprise had income of $737.30 million for the quarter, in comparison with analysts’ expectations of $716.40 million. Throughout the identical quarter within the prior yr, the corporate earned $0.80 earnings per share. The enterprise’s quarterly income was up 4.8% on a year-over-year foundation. Analysis analysts predict that Teradyne, Inc. will put up 3.17 EPS for the present fiscal yr.
Teradyne Pronounces Dividend
The agency additionally lately declared a quarterly dividend, which might be paid on Wednesday, December 18th. Shareholders of report on Monday, November twenty fifth might be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, November twenty fifth. This represents a $0.48 annualized dividend and a dividend yield of 0.47%. Teradyne’s dividend payout ratio (DPR) is 15.24%.
Teradyne introduced that its Board of Administrators has initiated a share buyback program on Monday, November eleventh that enables the corporate to buyback $100.00 million in shares. This buyback authorization permits the corporate to buy as much as 0.6% of its shares by means of open market purchases. Shares buyback packages are sometimes an indication that the corporate’s board of administrators believes its shares are undervalued.
About Teradyne
Teradyne, Inc designs, develops, manufactures, and sells automated check programs and robotics merchandise worldwide. It operates by means of 4 segments; Semiconductor Check, System Check, Robotics, and Wi-fi Check. The Semiconductor Check phase gives services for wafer degree and machine bundle testing of semiconductor gadgets in automotive, industrial, communications, client, smartphones, cloud, pc and digital recreation, and different functions.
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