Assenagon Asset Management S.A. bought a new position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 136,864 shares of the company’s stock, valued at approximately $14,714,000. Assenagon Asset Management S.A. owned approximately 0.09% of Teradyne at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in TER. Ronald Blue Trust Inc. grew its position in shares of Teradyne by 264.2% during the fourth quarter. Ronald Blue Trust Inc. now owns 448 shares of the company’s stock worth $34,000 after purchasing an additional 325 shares in the last quarter. CI Investments Inc. grew its holdings in Teradyne by 52.1% during the 3rd quarter. CI Investments Inc. now owns 537 shares of the company’s stock valued at $40,000 after buying an additional 184 shares in the last quarter. Edge Capital Group LLC purchased a new position in Teradyne during the 4th quarter valued at approximately $42,000. Massmutual Trust Co. FSB ADV grew its holdings in Teradyne by 51.1% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 405 shares of the company’s stock valued at $44,000 after buying an additional 137 shares in the last quarter. Finally, Tobam purchased a new position in Teradyne during the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 99.63% of the company’s stock.
Insider Activity
In other news, Director Mercedes Johnson sold 750 shares of Teradyne stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $100.00, for a total value of $75,000.00. Following the transaction, the director now directly owns 17,487 shares in the company, valued at approximately $1,748,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Richard John Burns sold 1,093 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $90.95, for a total transaction of $99,408.35. Following the transaction, the insider now directly owns 17,168 shares in the company, valued at approximately $1,561,429.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mercedes Johnson sold 750 shares of the business’s stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $100.00, for a total value of $75,000.00. Following the transaction, the director now owns 17,487 shares in the company, valued at $1,748,700. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,513 shares of company stock worth $566,871. 0.36% of the stock is currently owned by company insiders.
Teradyne Stock Up 1.8 %
Teradyne (NASDAQ:TER – Free Report) last released its quarterly earnings data on Wednesday, April 26th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.42 by $0.13. The company had revenue of $617.53 million for the quarter, compared to the consensus estimate of $603.03 million. Teradyne had a return on equity of 26.88% and a net margin of 21.12%. Teradyne’s quarterly revenue was down 18.2% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. Equities analysts anticipate that Teradyne, Inc. will post 2.76 earnings per share for the current year.
Teradyne Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Wednesday, May 24th were issued a $0.11 dividend. The ex-dividend date was Tuesday, May 23rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.40%. Teradyne’s dividend payout ratio is presently 11.58%.
Analyst Ratings Changes
TER has been the subject of several research analyst reports. JPMorgan Chase & Co. cut Teradyne from a “neutral” rating to an “underweight” rating and cut their price target for the company from $90.00 to $81.00 in a report on Monday, April 17th. Robert W. Baird cut their price target on Teradyne from $115.00 to $104.00 in a report on Friday, April 28th. Northland Securities lowered their price objective on Teradyne from $97.00 to $87.00 in a research note on Friday, April 28th. TheStreet lowered Teradyne from a “b-” rating to a “c+” rating in a research note on Monday, May 8th. Finally, StockNews.com started coverage on Teradyne in a research note on Thursday, May 18th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $93.11.
Teradyne Company Profile
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.
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