Principal Financial Group Inc. raised its stake in shares of Teradyne Inc. (NYSE:TER) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,350,217 shares of the company’s stock after buying an additional 53,159 shares during the period. Principal Financial Group Inc. owned about 0.67% of Teradyne worth $26,586,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Teradyne during the fourth quarter valued at $41,782,000. Glenmede Trust Co. NA increased its position in shares of Teradyne by 121.8% in the first quarter. Glenmede Trust Co. NA now owns 142,638 shares of the company’s stock valued at $3,078,000 after buying an additional 78,341 shares during the period. Aperio Group LLC increased its position in shares of Teradyne by 14.1% in the first quarter. Aperio Group LLC now owns 36,310 shares of the company’s stock valued at $784,000 after buying an additional 4,476 shares during the period. Virginia Retirement System acquired a new position in shares of Teradyne during the first quarter valued at $1,647,000. Finally, Icon Advisers Inc. Co. increased its position in shares of Teradyne by 16.8% in the first quarter. Icon Advisers Inc. Co. now owns 42,400 shares of the company’s stock valued at $915,000 after buying an additional 6,100 shares during the period. Institutional investors own 91.42% of the company’s stock.
Shares of Teradyne Inc. (NYSE:TER) traded down 0.309% during mid-day trading on Tuesday, reaching $20.995. 178,841 shares of the company were exchanged. The firm’s 50-day moving average is $20.78 and its 200-day moving average is $20.23. Teradyne Inc. has a 12 month low of $16.89 and a 12 month high of $21.84. The company’s market capitalization is $4.25 billion.
Teradyne (NYSE:TER) last announced its earnings results on Wednesday, July 27th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $532 million for the quarter, compared to the consensus estimate of $526.75 million. Teradyne had a negative net margin of 5.88% and a positive return on equity of 14.84%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. On average, equities analysts forecast that Teradyne Inc. will post $1.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, September 7th will be issued a $0.06 dividend. The ex-dividend date is Friday, September 2nd. This represents a $0.24 annualized dividend and a yield of 1.14%. Teradyne’s dividend payout ratio (DPR) is presently -46.15%.
TER has been the subject of several analyst reports. Zacks Investment Research upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Thursday, June 9th. Deutsche Bank AG restated a “buy” rating on shares of Teradyne in a report on Sunday, June 26th. Needham & Company LLC assumed coverage on Teradyne in a report on Thursday, July 7th. They set a “buy” rating and a $23.00 price objective for the company. Stifel Nicolaus downgraded Teradyne from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. They noted that the move was a valuation call. Finally, TheStreet downgraded Teradyne from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $22.50.
In related news, Director Michael A. Bradley sold 64,650 shares of Teradyne stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $20.93, for a total value of $1,353,124.50. Following the transaction, the director now owns 224,371 shares in the company, valued at approximately $4,696,085.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael A. Bradley sold 31,502 shares of Teradyne stock in a transaction on Monday, August 29th. The stock was sold at an average price of $21.19, for a total transaction of $667,527.38. Following the completion of the transaction, the director now owns 171,223 shares in the company, valued at approximately $3,628,215.37. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.
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