Loomis Sayles & Co. L P decreased its holdings in shares of Teradyne, Inc. (NYSE:TER) by 55.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 434,283 shares of the semiconductor company’s stock after selling 536,704 shares during the period. Loomis Sayles & Co. L P owned approximately 0.23% of Teradyne worth $16,060,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Cornerstone Wealth Management LLC purchased a new stake in Teradyne in the third quarter valued at approximately $214,000. Perpetual Ltd purchased a new stake in Teradyne in the third quarter valued at approximately $215,000. Emerald Advisers Inc. PA purchased a new stake in Teradyne in the third quarter valued at approximately $281,000. Strs Ohio purchased a new stake in Teradyne in the second quarter valued at approximately $309,000. Finally, Commonwealth Bank of Australia purchased a new stake in Teradyne in the third quarter valued at approximately $343,000.
Teradyne stock opened at $32.61 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.76 and a current ratio of 4.10. Teradyne, Inc. has a 12 month low of $30.22 and a 12 month high of $50.68. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 2.02 and a beta of 1.25.
Teradyne (NYSE:TER) last released its quarterly earnings data on Tuesday, October 23rd. The semiconductor company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.08. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The business had revenue of $566.90 million for the quarter, compared to analyst estimates of $556.87 million. During the same quarter in the prior year, the firm posted $0.54 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. Sell-side analysts expect that Teradyne, Inc. will post 2.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th will be given a $0.09 dividend. The ex-dividend date is Tuesday, November 27th. This represents a $0.36 annualized dividend and a yield of 1.10%. Teradyne’s dividend payout ratio is presently 15.38%.
A number of brokerages recently commented on TER. ValuEngine upgraded Teradyne from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Zacks Investment Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 12th. Credit Suisse Group dropped their target price on Teradyne from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. Bank of America lowered Teradyne from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Monday, November 26th. Finally, Citigroup dropped their target price on Teradyne from $51.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, September 25th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Teradyne presently has an average rating of “Hold” and a consensus target price of $43.70.
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.
See Also: How to Invest in Growth Stocks
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.