Ajo LP Acquires 149,051 Shares of Teradyne, Inc. (TER)
Ajo LP raised its holdings in shares of Teradyne, Inc. (NYSE:TER) by 6.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,390,702 shares of the semiconductor company’s stock after acquiring an additional 149,051 shares during the period. Ajo LP owned approximately 1.20% of Teradyne worth $71,793,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of TER. Janney Montgomery Scott LLC bought a new stake in shares of Teradyne during the 1st quarter valued at $621,000. Great West Life Assurance Co. Can raised its position in shares of Teradyne by 3.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 119,942 shares of the semiconductor company’s stock valued at $3,728,000 after acquiring an additional 4,271 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in shares of Teradyne during the 1st quarter valued at $552,000. First Trust Advisors LP raised its position in shares of Teradyne by 19.0% during the 1st quarter. First Trust Advisors LP now owns 36,143 shares of the semiconductor company’s stock valued at $1,124,000 after acquiring an additional 5,766 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Teradyne by 0.7% during the 1st quarter. Swiss National Bank now owns 332,900 shares of the semiconductor company’s stock valued at $10,353,000 after acquiring an additional 2,400 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.
TER has been the subject of several recent research reports. ValuEngine upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Tuesday, July 18th. Stifel Nicolaus upgraded shares of Teradyne from a “hold” rating to a “buy” rating and upped their price objective for the company from $32.00 to $39.00 in a research report on Wednesday, July 5th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, June 28th. Finally, Cowen and Company set a $41.00 price objective on shares of Teradyne and gave the company a “buy” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.80.
In other Teradyne news, Director Michael A. Bradley sold 22,168 shares of Teradyne stock in a transaction on Friday, September 1st. The shares were sold at an average price of $35.64, for a total value of $790,067.52. Following the completion of the sale, the director now directly owns 194,938 shares of the company’s stock, valued at $6,947,590.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Edwin J. Gillis sold 41,000 shares of Teradyne stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $35.63, for a total transaction of $1,460,830.00. Following the completion of the sale, the director now directly owns 49,638 shares of the company’s stock, valued at $1,768,601.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,060 shares of company stock valued at $3,834,807. Insiders own 0.62% of the company’s stock.
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Teradyne, Inc. (TER) opened at 35.75 on Tuesday. The company has a 50-day moving average of $34.61 and a 200-day moving average of $33.11. Teradyne, Inc. has a 52 week low of $20.16 and a 52 week high of $36.86. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 18.45 and a beta of 0.94.
Teradyne (NYSE:TER) last posted its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.04. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The firm had revenue of $697 million during the quarter, compared to the consensus estimate of $683.66 million. During the same period in the previous year, the firm posted $0.55 earnings per share. The business’s revenue was up 31.1% compared to the same quarter last year. On average, equities analysts forecast that Teradyne, Inc. will post $1.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.78%. The ex-dividend date is Wednesday, September 6th. Teradyne’s dividend payout ratio (DPR) is currently 14.51%.
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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