Icon Advisers Inc. Co. increased its position in shares of Teradyne Inc. (NYSE:TER) by 105.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,009 shares of the company’s stock after buying an additional 66,200 shares during the period. Icon Advisers Inc. Co. owned approximately 0.06% of Teradyne worth $2,784,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of TER. Vanguard Group Inc. increased its stake in shares of Teradyne by 3.4% in the second quarter. Vanguard Group Inc. now owns 14,996,588 shares of the company’s stock worth $295,283,000 after buying an additional 497,069 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Teradyne by 109.1% in the third quarter. Bank of New York Mellon Corp now owns 8,819,302 shares of the company’s stock worth $190,320,000 after buying an additional 4,601,220 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Teradyne by 31.9% in the second quarter. American Century Companies Inc. now owns 8,633,347 shares of the company’s stock worth $169,991,000 after buying an additional 2,088,082 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Teradyne by 3.3% in the second quarter. BlackRock Fund Advisors now owns 7,424,849 shares of the company’s stock worth $146,195,000 after buying an additional 233,935 shares during the last quarter. Finally, Beutel Goodman & Co Ltd. acquired a new stake in shares of Teradyne during the third quarter worth $101,230,000. Institutional investors and hedge funds own 92.69% of the company’s stock.
Shares of Teradyne Inc. (NYSE:TER) traded down 0.48% during trading on Monday, reaching $24.98. 484,992 shares of the company traded hands. Teradyne Inc. has a 12-month low of $17.34 and a 12-month high of $25.18. The firm’s 50 day moving average is $22.88 and its 200-day moving average is $20.87. The stock’s market capitalization is $5.03 billion.
Teradyne (NYSE:TER) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. Teradyne had a negative net margin of 6.53% and a positive return on equity of 14.46%. The business had revenue of $410 million for the quarter, compared to the consensus estimate of $392.38 million. During the same period last year, the firm earned $0.40 earnings per share. The company’s quarterly revenue was down 11.9% on a year-over-year basis. On average, equities research analysts anticipate that Teradyne Inc. will post $1.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Wednesday, November 30th will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.24 annualized dividend and a yield of 0.96%. Teradyne’s payout ratio is presently -43.64%.
A number of analysts have weighed in on TER shares. Craig Hallum upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Thursday, August 25th. Zacks Investment Research upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. TheStreet upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Wednesday, October 26th. BMO Capital Markets decreased their price target on Teradyne from $30.00 to $27.00 and set a “market perform” rating for the company in a report on Friday, October 28th. Finally, Cowen and Company increased their price target on Teradyne from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, October 28th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $23.59.
In other Teradyne news, Director Michael A. Bradley sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $21.39, for a total value of $320,850.00. Following the transaction, the director now directly owns 164,721 shares in the company, valued at $3,523,382.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael A. Bradley sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $23.47, for a total transaction of $234,700.00. Following the completion of the transaction, the director now owns 164,721 shares in the company, valued at $3,866,001.87. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.
Teradyne Company Profile