Chicago Equity Partners LLC increased its stake in Teradyne, Inc. (NYSE:TER) by 332.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 76,890 shares of the semiconductor company’s stock after purchasing an additional 59,125 shares during the quarter. Chicago Equity Partners LLC’s holdings in Teradyne were worth $2,843,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hartford Investment Management Co. purchased a new position in Teradyne during the second quarter worth about $212,000. Cornerstone Wealth Management LLC purchased a new position in Teradyne during the third quarter worth about $214,000. Perpetual Ltd purchased a new position in Teradyne during the third quarter worth about $215,000. Emerald Advisers Inc. PA purchased a new position in Teradyne during the third quarter worth about $281,000. Finally, Strs Ohio purchased a new position in Teradyne during the second quarter worth about $309,000. Institutional investors own 99.03% of the company’s stock.
NYSE TER opened at $35.59 on Friday. Teradyne, Inc. has a 1-year low of $30.22 and a 1-year high of $50.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.10 and a quick ratio of 3.76. The stock has a market capitalization of $6.75 billion, a PE ratio of 15.21, a P/E/G ratio of 1.81 and a beta of 1.25.
Teradyne (NYSE:TER) last released its earnings results on Tuesday, October 23rd. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The company had revenue of $566.90 million during the quarter, compared to analyst estimates of $556.87 million. During the same quarter in the previous year, the company posted $0.54 EPS. Teradyne’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities research analysts forecast that Teradyne, Inc. will post 2.25 earnings per share for the current year.
A number of equities analysts have recently issued reports on TER shares. Cowen upped their price objective on Teradyne from $40.00 to $45.00 and gave the stock a “market perform” rating in a report on Thursday, July 26th. DA Davidson upped their price objective on Teradyne to $45.00 and gave the stock a “neutral” rating in a report on Thursday, July 26th. Needham & Company LLC upped their price objective on Teradyne from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. 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. Finally, ValuEngine cut Teradyne from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $45.36.
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Teradyne Company Profile
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.
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