Dixon Hubard Feinour & Brown Inc. VA Acquires New Position in Teradyne, Inc. (TER)
Dixon Hubard Feinour & Brown Inc. VA acquired a new position in Teradyne, Inc. (NYSE:TER) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 133,401 shares of the semiconductor company’s stock, valued at approximately $4,975,000. Teradyne accounts for approximately 1.4% of Dixon Hubard Feinour & Brown Inc. VA’s portfolio, making the stock its 27th largest holding. Dixon Hubard Feinour & Brown Inc. VA owned 0.07% of Teradyne at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MML Investors Services LLC boosted its stake in shares of Teradyne by 0.8% in the second quarter. MML Investors Services LLC now owns 24,382 shares of the semiconductor company’s stock worth $732,000 after acquiring an additional 188 shares during the period. IFP Advisors Inc boosted its stake in Teradyne by 4.6% during the second quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 211 shares during the last quarter. People s United Financial Inc. boosted its stake in Teradyne by 1.8% during the second quarter. People s United Financial Inc. now owns 18,148 shares of the semiconductor company’s stock valued at $545,000 after buying an additional 316 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Teradyne by 1.6% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 35,078 shares of the semiconductor company’s stock valued at $691,000 after buying an additional 559 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in Teradyne by 0.8% during the second quarter. Ameritas Investment Partners Inc. now owns 77,538 shares of the semiconductor company’s stock valued at $2,328,000 after buying an additional 592 shares during the last quarter. 97.17% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on TER. Deutsche Bank AG lowered Teradyne from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a research note on Monday. Citigroup Inc. increased their price target on Teradyne from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Robert W. Baird reissued a “positive” rating and set a $48.00 price target (up from $37.00) on shares of Teradyne in a research note on Friday, October 27th. KeyCorp reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Teradyne in a research note on Friday, October 27th. Finally, Zacks Investment Research raised Teradyne from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective for the company in a research note on Friday, October 27th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $41.00.
Teradyne, Inc. (TER) traded down $0.41 on Wednesday, reaching $44.02. The company’s stock had a trading volume of 1,985,400 shares, compared to its average volume of 2,447,289. The stock has a market cap of $8,715.29, a P/E ratio of 20.19, a P/E/G ratio of 1.67 and a beta of 1.04. Teradyne, Inc. has a one year low of $23.39 and a one year high of $44.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.96 and a quick ratio of 4.67.
Teradyne (NYSE:TER) last released its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.43 by $0.11. The company had revenue of $503.40 million for the quarter, compared to the consensus estimate of $472.86 million. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. Teradyne’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. equities analysts anticipate that Teradyne, Inc. will post 2.22 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, November 29th will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, November 28th. This represents a $0.28 annualized dividend and a yield of 0.64%. Teradyne’s payout ratio is currently 13.08%.
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In other news, VP Charles Jeffrey Gray sold 8,161 shares of Teradyne stock in a transaction on Friday, October 27th. The stock was sold at an average price of $42.25, for a total value of $344,802.25. Following the transaction, the vice president now directly owns 31,500 shares in the company, valued at approximately $1,330,875. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $1,460,830.00. Following the completion of the transaction, the director now owns 49,638 shares in the company, valued at $1,768,601.94. The disclosure for this sale can be found here. Insiders have sold a total of 236,012 shares of company stock worth $9,495,829 over the last 90 days. 0.62% of the stock is currently owned by company insiders.
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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