Teradyne, Inc. (TER) Position Boosted by First Republic Investment Management Inc.
First Republic Investment Management Inc. boosted its holdings in shares of Teradyne, Inc. (NYSE:TER) by 836.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,261 shares of the semiconductor company’s stock after acquiring an additional 94,026 shares during the quarter. First Republic Investment Management Inc. owned 0.05% of Teradyne worth $3,925,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. WFG Advisors LP boosted its holdings in Teradyne by 21.9% during the 2nd quarter. WFG Advisors LP now owns 3,900 shares of the semiconductor company’s stock valued at $117,000 after acquiring an additional 700 shares during the period. Paradigm Asset Management Co. LLC boosted its holdings in Teradyne by 193.3% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock valued at $132,000 after acquiring an additional 2,900 shares during the period. IFP Advisors Inc boosted its holdings in Teradyne by 4.6% during the 2nd quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock valued at $144,000 after acquiring an additional 211 shares during the period. Fiduciary Trust Co. purchased a new stake in shares of Teradyne in the 2nd quarter worth $147,000. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Teradyne by 2,678.1% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock worth $156,000 after buying an additional 4,044 shares during the period. Institutional investors own 96.72% of the company’s stock.
Several equities research analysts have weighed in on the company. Deutsche Bank cut Teradyne from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a report on Monday, November 20th. Zacks Investment Research cut Teradyne from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. Citigroup upped their target price on Teradyne from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, October 30th. KeyCorp reiterated a “buy” rating and issued a $47.00 target price on shares of Teradyne in a report on Friday, October 27th. Finally, Robert W. Baird reiterated a “positive” rating and issued a $48.00 target price (up from $37.00) on shares of Teradyne in a report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Teradyne presently has a consensus rating of “Buy” and a consensus target price of $41.25.
Teradyne (NYSE:TER) last released its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.11. The firm had revenue of $503.40 million during the quarter, compared to analyst estimates of $472.86 million. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. research analysts forecast that Teradyne, Inc. will post 2.22 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, November 29th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, November 28th. Teradyne’s payout ratio is 13.08%.
In other news, Director Michael A. Bradley sold 15,248 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $35.86, for a total value of $546,793.28. Following the completion of the transaction, the director now directly owns 172,322 shares of the company’s stock, valued at approximately $6,179,466.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael A. Bradley sold 20,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $43.67, for a total value of $873,400.00. Following the completion of the transaction, the director now directly owns 133,504 shares of the company’s stock, valued at $5,830,119.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 172,844 shares of company stock valued at $7,244,931. Corporate insiders own 0.62% of the company’s stock.
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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