Fort L.P. purchased a new position in shares of Teradyne, Inc. (NYSE:TER) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,336 shares of the semiconductor company’s stock, valued at approximately $698,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. IFP Advisors Inc increased its holdings in Teradyne by 147.0% during the 1st quarter. IFP Advisors Inc now owns 3,164 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 1,883 shares during the period. MANA Advisors LLC purchased a new stake in Teradyne during the 1st quarter worth about $232,000. Point72 Asia Hong Kong Ltd purchased a new stake in Teradyne during the 1st quarter worth about $250,000. Atria Investments LLC purchased a new stake in Teradyne during the 1st quarter worth about $252,000. Finally, Hartford Investment Management Co. purchased a new position in shares of Teradyne in the 2nd quarter valued at about $212,000. Institutional investors own 99.43% of the company’s stock.
A number of research firms have recently commented on TER. ValuEngine downgraded Teradyne from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Robert W. Baird reiterated a “buy” rating and issued a $46.00 price objective on shares of Teradyne in a report on Thursday, July 26th. Needham & Company LLC increased their price objective on Teradyne from $45.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, July 26th. DA Davidson increased their price objective on Teradyne to $45.00 and gave the company a “neutral” rating in a report on Thursday, July 26th. Finally, Cowen increased their price objective on Teradyne from $40.00 to $45.00 and gave the company a “market perform” rating in a report on Thursday, July 26th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Teradyne currently has a consensus rating of “Buy” and an average price target of $47.69.
TER opened at $39.59 on Friday. Teradyne, Inc. has a one year low of $32.06 and a one year high of $50.68. The stock has a market capitalization of $7.63 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.67 and a beta of 1.27. The company has a current ratio of 4.19, a quick ratio of 3.89 and a debt-to-equity ratio of 0.21.
Teradyne (NYSE:TER) last released its quarterly earnings data on Tuesday, July 24th. The semiconductor company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. The business had revenue of $527.00 million for the quarter, compared to the consensus estimate of $508.52 million. Teradyne had a return on equity of 20.82% and a net margin of 9.29%. The business’s revenue for the quarter was down 24.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.90 EPS. research analysts expect that Teradyne, Inc. will post 2.08 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Wednesday, September 5th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.91%. Teradyne’s dividend payout ratio is presently 15.38%.
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.
Read More: How Do Tariffs Affect Trade Balances?
Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.