Schwab Charles Investment Management Inc. boosted its position in Teradyne, Inc. (NYSE:TER) by 7.4% during the first quarter, Holdings Channel reports. The fund owned 1,083,619 shares of the semiconductor company’s stock after buying an additional 74,557 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Teradyne were worth $33,701,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. World Asset Management Inc raised its stake in shares of Teradyne by 0.7% in the first quarter. World Asset Management Inc now owns 12,414 shares of the semiconductor company’s stock worth $386,000 after buying an additional 82 shares during the last quarter. Utah Retirement Systems raised its stake in shares of Teradyne by 0.3% in the first quarter. Utah Retirement Systems now owns 36,957 shares of the semiconductor company’s stock worth $1,149,000 after buying an additional 100 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Teradyne by 3.0% in the first quarter. Quadrant Capital Group LLC now owns 3,477 shares of the semiconductor company’s stock worth $106,000 after buying an additional 101 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Teradyne by 0.4% in the first quarter. Arizona State Retirement System now owns 83,300 shares of the semiconductor company’s stock worth $2,591,000 after buying an additional 348 shares during the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Teradyne by 0.5% in the first quarter. State Treasurer State of Michigan now owns 81,400 shares of the semiconductor company’s stock worth $2,532,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 94.26% of the company’s stock.
Teradyne, Inc. (NYSE:TER) traded down 0.92% during trading on Tuesday, hitting $32.45. The stock had a trading volume of 1,538,615 shares. The stock has a 50 day moving average of $34.86 and a 200 day moving average of $30.27. The firm’s market capitalization is $6.46 billion. Teradyne, Inc. has a one year low of $18.07 and a one year high of $36.59.
Teradyne (NYSE:TER) last issued its quarterly earnings results on Wednesday, April 26th. The semiconductor company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.06. The company had revenue of $457 million during the quarter, compared to analysts’ expectations of $440.96 million. Teradyne had a positive return on equity of 18.34% and a negative net margin of 0.46%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Equities research analysts expect that Teradyne, Inc. will post $1.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Thursday, June 1st will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, May 30th. This represents a $0.28 annualized dividend and a yield of 0.85%. Teradyne’s dividend payout ratio is currently -699.83%.
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A number of brokerages recently commented on TER. BidaskClub lowered Teradyne from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. ValuEngine upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Deutsche Bank AG raised their target price on Teradyne from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Cowen and Company raised their target price on Teradyne from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Finally, Stifel Nicolaus raised their target price on Teradyne from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, April 25th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Teradyne currently has a consensus rating of “Buy” and an average price target of $30.59.
In related news, Director Michael A. Bradley sold 9,235 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $35.32, for a total transaction of $326,180.20. Following the completion of the sale, the director now owns 195,405 shares of the company’s stock, valued at $6,901,704.60. 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 8,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $35.07, for a total value of $280,560.00. Following the sale, the director now directly owns 14,773 shares of the company’s stock, valued at approximately $518,089.11. The disclosure for this sale can be found here. Insiders have sold 20,467 shares of company stock valued at $721,961 in the last ninety days. 0.62% of the stock is currently owned by insiders.
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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