Penn Capital Management Co. Inc. lessened its position in Teradyne, Inc. (NYSE:TER) by 74.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,449 shares of the semiconductor company’s stock after selling 83,978 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in Teradyne were worth $3,558,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia lifted its stake in shares of Teradyne by 10.8% in the 4th quarter. Commonwealth Bank of Australia now owns 10,300 shares of the semiconductor company’s stock valued at $323,000 after purchasing an additional 1,000 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in Teradyne by 15.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,966,313 shares of the semiconductor company’s stock valued at $61,703,000 after buying an additional 262,014 shares in the last quarter. Boston Family Office LLC increased its position in Teradyne by 18.0% during the 4th quarter. Boston Family Office LLC now owns 17,725 shares of the semiconductor company’s stock valued at $556,000 after buying an additional 2,700 shares in the last quarter. Dupont Capital Management Corp bought a new position in Teradyne during the 4th quarter valued at approximately $551,000. Finally, Quantamental Technologies LLC bought a new position in Teradyne during the 4th quarter valued at approximately $191,000.
TER has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on Teradyne from $47.00 to $42.50 and set a “buy” rating for the company in a research report on Wednesday, January 23rd. Credit Suisse Group reaffirmed a “hold” rating on shares of Teradyne in a research report on Friday, January 25th. Zacks Investment Research raised Teradyne from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Craig Hallum lowered Teradyne from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, Cowen reaffirmed a “market perform” rating and set a $50.00 price objective (up previously from $40.00) on shares of Teradyne in a research report on Thursday, April 25th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $45.60.
In other Teradyne news, insider Brad Robbins sold 10,000 shares of Teradyne stock in a transaction on Friday, April 26th. The stock was sold at an average price of $49.46, for a total value of $494,600.00. Following the completion of the sale, the insider now owns 43,840 shares of the company’s stock, valued at approximately $2,168,326.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Gregory R. Beecher sold 40,296 shares of Teradyne stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $47.97, for a total value of $1,932,999.12. Following the completion of the sale, the chief financial officer now directly owns 46,322 shares of the company’s stock, valued at approximately $2,222,066.34. The disclosure for this sale can be found here. In the last three months, insiders sold 77,345 shares of company stock valued at $3,751,648. Corporate insiders own 0.49% of the company’s stock.
Teradyne stock opened at $46.63 on Thursday. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25. Teradyne, Inc. has a 12 month low of $28.73 and a 12 month high of $49.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.10 and a quick ratio of 3.76.
Teradyne (NYSE:TER) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.10. The business had revenue of $494.00 million during the quarter, compared to analyst estimates of $476.23 million. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. Equities research analysts forecast that Teradyne, Inc. will post 2.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Wednesday, May 29th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, May 28th. Teradyne’s payout ratio is 15.38%.
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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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