NWQ Investment Management Company LLC cut its holdings in shares of Teradyne, Inc. (NYSE:TER) by 12.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,612,173 shares of the semiconductor company’s stock after selling 219,819 shares during the quarter. NWQ Investment Management Company LLC owned 0.82% of Teradyne worth $67,502,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in TER. Two Sigma Advisers LP lifted its holdings in Teradyne by 168.8% during the 4th quarter. Two Sigma Advisers LP now owns 2,489,626 shares of the semiconductor company’s stock worth $104,241,000 after buying an additional 1,563,591 shares in the last quarter. Argent Capital Management LLC acquired a new stake in Teradyne during the 3rd quarter worth approximately $47,393,000. First Trust Advisors LP lifted its holdings in Teradyne by 652.2% during the 4th quarter. First Trust Advisors LP now owns 1,071,845 shares of the semiconductor company’s stock worth $44,878,000 after buying an additional 929,346 shares in the last quarter. Deutsche Bank AG lifted its holdings in Teradyne by 52.4% during the 4th quarter. Deutsche Bank AG now owns 2,699,933 shares of the semiconductor company’s stock worth $113,039,000 after buying an additional 928,903 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Teradyne by 27.7% during the 4th quarter. Renaissance Technologies LLC now owns 4,186,459 shares of the semiconductor company’s stock worth $175,287,000 after buying an additional 908,059 shares in the last quarter. Institutional investors own 98.70% of the company’s stock.
In other Teradyne news, insider Gregory Stephen Smith sold 7,431 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $44.51, for a total transaction of $330,753.81. Following the transaction, the insider now directly owns 6,599 shares of the company’s stock, valued at approximately $293,721.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Charles Jeffrey Gray sold 32,238 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $46.31, for a total transaction of $1,492,941.78. Following the transaction, the vice president now directly owns 37,057 shares in the company, valued at $1,716,109.67. The disclosure for this sale can be found here. Insiders have sold a total of 146,009 shares of company stock worth $6,731,077 over the last quarter. 0.62% of the stock is owned by company insiders.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.12. Teradyne had a net margin of 12.06% and a return on equity of 23.37%. The firm had revenue of $479.00 million for the quarter, compared to analyst estimates of $438.85 million. During the same period last year, the business earned $0.32 EPS. Teradyne’s revenue for the quarter was up 26.1% compared to the same quarter last year. analysts predict that Teradyne, Inc. will post 2.52 earnings per share for the current fiscal year.
Teradyne declared that its Board of Directors has initiated a stock buyback program on Wednesday, January 24th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, February 23rd will be paid a dividend of $0.09 per share. This is a positive change from Teradyne’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 0.73%. The ex-dividend date is Thursday, February 22nd. Teradyne’s dividend payout ratio (DPR) is currently 16.29%.
TER has been the topic of a number of research reports. Deutsche Bank lowered shares of Teradyne from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a report on Monday, November 20th. Zacks Investment Research lowered shares of Teradyne from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. ValuEngine lowered shares of Teradyne from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Goldman Sachs Group upgraded shares of Teradyne from a “neutral” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Evercore ISI upgraded shares of Teradyne from an “in-line” rating to an “outperform” rating in a report on Tuesday, January 2nd. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $48.00.
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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