Metropolitan Life Insurance Co NY reduced its holdings in Teradyne, Inc. (NYSE:TER) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,228 shares of the semiconductor company’s stock after selling 1,586 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Teradyne were worth $2,040,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Nordea Investment Management AB lifted its position in Teradyne by 1.5% during the 1st quarter. Nordea Investment Management AB now owns 131,618 shares of the semiconductor company’s stock worth $5,240,000 after buying an additional 2,006 shares in the last quarter. Cerebellum GP LLC acquired a new position in shares of Teradyne during the 1st quarter worth approximately $317,000. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Teradyne by 20.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,362,474 shares of the semiconductor company’s stock worth $94,121,000 after purchasing an additional 396,161 shares in the last quarter. SNS Financial Group LLC acquired a new position in shares of Teradyne during the 1st quarter worth approximately $546,000. Finally, Summit Global Investments acquired a new position in shares of Teradyne during the 1st quarter worth approximately $3,019,000.
NYSE:TER traded up $0.99 during trading hours on Friday, reaching $46.26. The company had a trading volume of 1,401,805 shares, compared to its average volume of 2,223,646. The company has a current ratio of 4.10, a quick ratio of 3.76 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25. The stock has a 50-day moving average price of $45.17. Teradyne, Inc. has a twelve month low of $28.73 and a twelve month high of $49.83.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Wednesday, May 29th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Tuesday, May 28th. Teradyne’s dividend payout ratio is currently 15.38%.
In other Teradyne news, Director Michael A. Bradley sold 27,049 shares of Teradyne stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $48.95, for a total value of $1,324,048.55. Following the sale, the director now owns 74,008 shares of the company’s stock, valued at $3,622,691.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Gregory R. Beecher sold 40,296 shares of Teradyne stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $47.97, for a total transaction of $1,932,999.12. Following the completion of the sale, the chief financial officer now directly owns 46,322 shares in the company, valued at approximately $2,222,066.34. The disclosure for this sale can be found here. Insiders have sold 77,345 shares of company stock valued at $3,751,648 over the last quarter. Corporate insiders own 0.49% of the company’s stock.
A number of analysts have recently weighed in on TER shares. Cowen upped their price target on shares of ServiceNow from $260.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Robert W. Baird upped their price target on shares of Facebook from $195.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. DA Davidson reissued a “buy” rating on shares of Great Western Bancorp in a research note on Thursday, April 25th. Zacks Investment Research downgraded shares of Heritage Insurance from a “hold” rating to a “strong sell” rating in a research note on Friday, April 26th. Finally, Stifel Nicolaus raised shares of QUALCOMM from a “hold” rating to a “buy” rating and raised their price target for the company from $57.00 to $100.00 in a research note on Tuesday, April 16th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $45.60.
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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