Deutsche Bank AG boosted its stake in Teradyne, Inc. (NYSE:TER) by 52.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,699,933 shares of the semiconductor company’s stock after purchasing an additional 928,903 shares during the period. Deutsche Bank AG’s holdings in Teradyne were worth $113,039,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of TER. Bronfman E.L. Rothschild L.P. increased its position in Teradyne by 2,678.1% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock worth $156,000 after purchasing an additional 4,044 shares during the period. Focused Wealth Management Inc acquired a new position in Teradyne during the 4th quarter worth approximately $163,000. Krilogy Financial LLC acquired a new position in Teradyne during the 3rd quarter worth approximately $179,000. Zweig DiMenna Associates LLC acquired a new position in Teradyne during the 3rd quarter worth approximately $201,000. Finally, Fiduciary Trust Co. acquired a new position in Teradyne during the 4th quarter worth approximately $205,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.
TER has been the topic of several recent analyst reports. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, November 28th. Goldman Sachs Group upgraded Teradyne from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 12th. ValuEngine upgraded Teradyne from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. DA Davidson boosted their target price on Teradyne to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, Stifel Nicolaus boosted their target price on Teradyne from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $48.00.
Teradyne (NYSE:TER) last released its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12. The business had revenue of $479.00 million for the quarter, compared to analysts’ expectations of $438.85 million. Teradyne had a return on equity of 23.37% and a net margin of 12.06%. The company’s revenue was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. analysts expect that Teradyne, Inc. will post 2.52 earnings per share for the current year.
The company also recently declared 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. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from Teradyne’s previous quarterly dividend of $0.07. Teradyne’s dividend payout ratio is currently 16.29%.
Teradyne announced that its board has authorized a share repurchase program on Wednesday, January 24th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
In related news, 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 sale, the chief financial officer now owns 77,676 shares in the company, valued at approximately $3,617,371.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $1,348,800.00. Following the completion of the sale, the insider now owns 244,516 shares in the company, valued at approximately $10,993,439.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 146,009 shares of company stock worth $6,731,077. Insiders own 0.62% of the company’s stock.
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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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