Teradyne, Inc. (TER) Stake Boosted by Waterstone Capital Management L.P.

Waterstone Capital Management L.P. grew its holdings in shares of Teradyne, Inc. (NYSE:TER) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 233,400 shares of the semiconductor company’s stock after buying an additional 15,000 shares during the period. Teradyne accounts for 5.6% of Waterstone Capital Management L.P.’s portfolio, making the stock its 7th biggest position. Waterstone Capital Management L.P. owned approximately 0.12% of Teradyne worth $8,703,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Teradyne by 13.3% during the second quarter. BlackRock Inc. now owns 20,807,353 shares of the semiconductor company’s stock valued at $624,846,000 after buying an additional 2,437,869 shares during the period. Vanguard Group Inc. increased its stake in shares of Teradyne by 2.7% during the second quarter. Vanguard Group Inc. now owns 17,201,317 shares of the semiconductor company’s stock valued at $516,555,000 after buying an additional 458,103 shares during the period. State Street Corp grew its stake in Teradyne by 0.5% in the second quarter. State Street Corp now owns 5,441,993 shares of the semiconductor company’s stock worth $163,420,000 after purchasing an additional 27,857 shares during the period. Wells Fargo & Company MN grew its stake in Teradyne by 10.2% in the third quarter. Wells Fargo & Company MN now owns 4,729,629 shares of the semiconductor company’s stock worth $176,368,000 after purchasing an additional 436,554 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Teradyne by 238.2% in the second quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock worth $116,451,000 after purchasing an additional 2,731,167 shares during the period. 96.72% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne, Inc. (NYSE TER) traded up $0.29 during trading on Thursday, reaching $39.96. The company’s stock had a trading volume of 1,201,200 shares, compared to its average volume of 2,447,372. The company has a quick ratio of 4.67, a current ratio of 4.96 and a debt-to-equity ratio of 0.17. Teradyne, Inc. has a twelve month low of $25.18 and a twelve month high of $44.63. The company has a market capitalization of $7,781.58, a P/E ratio of 18.03, a price-to-earnings-growth ratio of 1.49 and a beta of 1.01.

Teradyne (NYSE:TER) last released its earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.11. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The business had revenue of $503.40 million for the quarter, compared to the consensus estimate of $472.86 million. During the same period in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. equities analysts expect that Teradyne, Inc. will post 2.22 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, November 29th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, November 28th. Teradyne’s dividend payout ratio (DPR) is 13.08%.

In other Teradyne news, Director Michael A. Bradley sold 15,248 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $35.86, for a total value of $546,793.28. Following the sale, the director now directly owns 172,322 shares of the company’s stock, valued at $6,179,466.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael A. Bradley sold 20,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $43.67, for a total value of $873,400.00. Following the completion of the sale, the director now directly owns 133,504 shares in the company, valued at $5,830,119.68. The disclosure for this sale can be found here. Insiders sold 172,844 shares of company stock worth $7,244,931 over the last three months. Corporate insiders own 0.62% of the company’s stock.

Several equities research analysts recently weighed in on the company. Deutsche Bank cut Teradyne from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a research note on Monday, November 20th. Zacks Investment Research cut Teradyne from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. Citigroup upped their price target on Teradyne from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. KeyCorp reaffirmed a “buy” rating and issued a $47.00 price target on shares of Teradyne in a research note on Friday, October 27th. Finally, Robert W. Baird reaffirmed a “positive” rating and issued a $48.00 price target (up from $37.00) on shares of Teradyne in a research note on Friday, October 27th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Teradyne currently has an average rating of “Buy” and a consensus target price of $41.25.

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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.

Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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