Gilman Hill Asset Management LLC lifted its position in shares of Teradyne, Inc. (NYSE:TER) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,490 shares of the semiconductor company’s stock after buying an additional 1,310 shares during the period. Gilman Hill Asset Management LLC’s holdings in Teradyne were worth $486,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new position in Teradyne during the 3rd quarter worth approximately $114,000. We Are One Seven LLC bought a new stake in shares of Teradyne in the 4th quarter worth approximately $172,000. Perpetual Ltd bought a new stake in shares of Teradyne in the 3rd quarter worth approximately $215,000. Quantamental Technologies LLC bought a new stake in shares of Teradyne in the 4th quarter worth approximately $191,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Teradyne in the 4th quarter worth approximately $220,000.
A number of research analysts have recently commented on the company. Credit Suisse Group restated a “hold” rating on shares of Teradyne in a research note on Friday, January 25th. ValuEngine upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Monday, November 26th. Zacks Investment Research upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Bank of America cut Teradyne from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a research note on Monday, November 26th. Finally, Goldman Sachs Group cut Teradyne from a “buy” rating to a “neutral” rating in a research note on Thursday, October 18th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $39.04.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, January 23rd. The semiconductor company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.13. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The company had revenue of $520.00 million during the quarter, compared to analyst estimates of $494.17 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. Teradyne’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts predict that Teradyne, Inc. will post 2.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, February 22nd will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.92%. The ex-dividend date is Thursday, February 21st. Teradyne’s dividend payout ratio is presently 15.38%.
In other Teradyne news, insider Gregory Stephen Smith sold 11,210 shares of the business’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $36.82, for a total transaction of $412,752.20. Following the completion of the sale, the insider now owns 25,993 shares of the company’s stock, valued at $957,062.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Charles Jeffrey Gray sold 33,156 shares of the business’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $36.69, for a total value of $1,216,493.64. Following the sale, the vice president now directly owns 35,415 shares of the company’s stock, valued at approximately $1,299,376.35. The disclosure for this sale can be found here. Insiders have sold 71,144 shares of company stock valued at $2,618,157 in the last three months. 0.49% of the stock is currently owned by corporate insiders.
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Teradyne Company Profile
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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