Security Asset Management Boosts Stake in Teradyne, Inc. (TER)
Security Asset Management lifted its stake in shares of Teradyne, Inc. (NYSE:TER) by 7.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 39,060 shares of the semiconductor company’s stock after buying an additional 2,650 shares during the quarter. Security Asset Management’s holdings in Teradyne were worth $1,457,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Retirement Systems of Alabama lifted its stake in shares of Teradyne by 30.6% during the 3rd quarter. Retirement Systems of Alabama now owns 550,260 shares of the semiconductor company’s stock worth $20,519,000 after buying an additional 128,781 shares during the last quarter. YHB Investment Advisors Inc. acquired a new stake in shares of Teradyne during the 3rd quarter worth about $213,000. Zweig DiMenna Associates LLC acquired a new stake in Teradyne in the 3rd quarter worth about $201,000. Sei Investments Co. raised its stake in Teradyne by 9.3% in the 3rd quarter. Sei Investments Co. now owns 403,453 shares of the semiconductor company’s stock worth $15,045,000 after purchasing an additional 34,306 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Teradyne in the 3rd quarter worth about $421,000. Institutional investors own 90.65% of the company’s stock.
In other news, Director Michael A. Bradley sold 22,168 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 194,938 shares in the company, valued at approximately $6,947,590.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael A. Bradley sold 15,248 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $35.86, for a total transaction of $546,793.28. Following the transaction, the director now owns 172,322 shares in the company, valued at approximately $6,179,466.92. The disclosure for this sale can be found here. Insiders sold a total of 136,012 shares of company stock worth $5,138,429 in the last 90 days. Corporate insiders own 0.62% of the company’s stock.
Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, September 8th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $41.00 price objective (up previously from $32.00) on shares of Teradyne in a research note on Monday, September 18th. BidaskClub raised shares of Teradyne from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Stifel Nicolaus reissued a “buy” rating on shares of Teradyne in a report on Thursday, July 27th. Finally, Cowen and Company set a $41.00 target price on shares of Teradyne and gave the company a “buy” rating in a report on Friday, July 28th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Teradyne currently has a consensus rating of “Buy” and an average price target of $40.17.
Teradyne, Inc. (TER) traded up $0.20 during trading hours on Monday, reaching $43.90. 1,418,734 shares of the company traded hands, compared to its average volume of 2,464,581. The company has a current ratio of 4.96, a quick ratio of 4.67 and a debt-to-equity ratio of 0.17. Teradyne, Inc. has a twelve month low of $23.26 and a twelve month high of $44.04. The firm has a market cap of $8,572.09, a P/E ratio of 19.86, a PEG ratio of 1.64 and a beta of 1.04.
Teradyne (NYSE:TER) last issued its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. The firm had revenue of $503.40 million for the quarter, compared to the consensus estimate of $472.86 million. Teradyne had a net margin of 21.11% and a return on equity of 22.39%. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 EPS. equities analysts predict that Teradyne, Inc. will post 2.22 earnings per share for the current fiscal year.
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.
Receive News & Stock Ratings for Teradyne Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne Inc. and related stocks with our FREE daily email newsletter.