ARK Investment Management LLC reduced its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,532,613 shares of the company's stock after selling 60,271 shares during the quarter. Teradyne accounts for approximately 1.9% of ARK Investment Management LLC's investment portfolio, making the stock its 17th biggest holding. ARK Investment Management LLC owned approximately 0.94% of Teradyne worth $205,263,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Teradyne during the 2nd quarter worth about $27,000. Rothschild Investment LLC acquired a new position in shares of Teradyne during the 2nd quarter worth about $33,000. Quarry LP raised its holdings in Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company's stock valued at $35,000 after acquiring an additional 169 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in Teradyne by 76.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company's stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in Teradyne by 3,800.0% in the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company's stock valued at $52,000 after acquiring an additional 342 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.
Teradyne Price Performance
Shares of NASDAQ:TER traded down $0.75 during mid-day trading on Friday, reaching $110.89. 1,721,184 shares of the company were exchanged, compared to its average volume of 2,040,685. The firm has a market cap of $18.06 billion, a price-to-earnings ratio of 35.44, a P/E/G ratio of 2.37 and a beta of 1.52. The firm's 50-day simple moving average is $124.90 and its 200 day simple moving average is $131.98. Teradyne, Inc. has a 1 year low of $84.66 and a 1 year high of $163.21.
Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company had revenue of $737.30 million during the quarter, compared to analysts' expectations of $716.40 million. During the same quarter last year, the company posted $0.80 EPS. The firm's revenue was up 4.8% compared to the same quarter last year. On average, research analysts forecast that Teradyne, Inc. will post 3.15 earnings per share for the current fiscal year.
Teradyne Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. Teradyne's payout ratio is 15.24%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on TER. Cantor Fitzgerald upgraded shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $160.00 price objective for the company in a report on Friday, August 16th. Susquehanna increased their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company a "positive" rating in a report on Friday, July 26th. KeyCorp increased their price objective on shares of Teradyne from $160.00 to $180.00 and gave the company an "overweight" rating in a report on Friday, July 12th. JPMorgan Chase & Co. increased their price objective on shares of Teradyne from $120.00 to $145.00 and gave the company a "neutral" rating in a report on Tuesday, July 23rd. Finally, StockNews.com raised shares of Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $142.62.
Check Out Our Latest Stock Analysis on TER
Insider Activity
In other news, Director Mercedes Johnson sold 625 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the sale, the director now directly owns 16,518 shares in the company, valued at approximately $2,204,987.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the sale, the director now directly owns 16,518 shares in the company, valued at $2,204,987.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares in the company, valued at $4,768,072.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,352 shares of company stock worth $1,899,353. 0.36% of the stock is currently owned by corporate insiders.
About Teradyne
(
Free Report)
Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.
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