Exencial Wealth Advisors LLC decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TER – Get Rating) by 21.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,981 shares of the company’s stock after selling 22,283 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Teradyne were worth $13,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of TER. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Teradyne by 721.2% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,607 shares of the company’s stock worth $753,000 after purchasing an additional 4,046 shares during the period. Squarepoint Ops LLC increased its holdings in shares of Teradyne by 4,223.9% in the third quarter. Squarepoint Ops LLC now owns 104,163 shares of the company’s stock worth $11,371,000 after purchasing an additional 101,754 shares during the period. Martin Currie Ltd. increased its holdings in shares of Teradyne by 97.3% in the third quarter. Martin Currie Ltd. now owns 310,962 shares of the company’s stock worth $33,948,000 after purchasing an additional 153,361 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of Teradyne in the fourth quarter worth $31,000. Finally, Handelsbanken Fonder AB increased its holdings in shares of Teradyne by 1.2% in the fourth quarter. Handelsbanken Fonder AB now owns 737,144 shares of the company’s stock worth $120,545,000 after purchasing an additional 8,973 shares during the period. 96.94% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on TER. Rosenblatt Securities decreased their price target on shares of Teradyne from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, January 28th. Evercore ISI set a $150.00 target price on shares of Teradyne in a research report on Friday, January 28th. Stifel Nicolaus lowered shares of Teradyne from a “buy” rating to a “hold” rating and cut their target price for the stock from $160.00 to $115.00 in a research report on Friday, January 28th. The Goldman Sachs Group lowered shares of Teradyne from a “buy” rating to a “neutral” rating and set a $127.00 target price for the company. in a research report on Sunday, March 27th. Finally, Craig Hallum upgraded shares of Teradyne from a “hold” rating to a “buy” rating and set a $138.00 target price for the company in a research report on Friday, January 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $149.61.
Teradyne (NASDAQ:TER – Get Rating) last announced its earnings results on Tuesday, April 26th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10. The business had revenue of $755.30 million during the quarter, compared to the consensus estimate of $741.98 million. Teradyne had a net margin of 26.58% and a return on equity of 40.67%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 earnings per share. Analysts forecast that Teradyne, Inc. will post 4.85 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Wednesday, May 25th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Tuesday, May 24th. Teradyne’s dividend payout ratio (DPR) is currently 8.18%.
Teradyne Company Profile (Get Rating)
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.
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