Janney Montgomery Scott LLC Acquires 14,823 Shares of Teradyne, Inc. (TER)

Janney Montgomery Scott LLC grew its holdings in shares of Teradyne, Inc. (NYSE:TER) by 21.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,837 shares of the semiconductor company’s stock after buying an additional 14,823 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Teradyne were worth $3,137,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Daiwa Securities Group Inc. grew its holdings in Teradyne by 2.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 61,330 shares of the semiconductor company’s stock valued at $2,335,000 after purchasing an additional 1,208 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Teradyne by 1.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 75,878 shares of the semiconductor company’s stock valued at $2,889,000 after purchasing an additional 1,245 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Teradyne by 10.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 15,492 shares of the semiconductor company’s stock valued at $573,000 after purchasing an additional 1,424 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Teradyne by 8.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,845 shares of the semiconductor company’s stock valued at $793,000 after purchasing an additional 1,686 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Teradyne by 11.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 20,280 shares of the semiconductor company’s stock valued at $771,000 after purchasing an additional 2,010 shares during the last quarter. Institutional investors own 96.83% of the company’s stock.

Shares of TER stock opened at $36.41 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.76 and a current ratio of 4.10. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 1.75 and a beta of 1.25. Teradyne, Inc. has a one year low of $30.22 and a one year high of $50.68.

Teradyne (NYSE:TER) last issued its earnings results on Tuesday, October 23rd. The semiconductor company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.08. The business had revenue of $566.90 million for the quarter, compared to the consensus estimate of $556.87 million. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. On average, equities analysts forecast that Teradyne, Inc. will post 2.25 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, November 28th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, November 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.99%. Teradyne’s dividend payout ratio is presently 15.38%.

A number of equities analysts have commented on TER shares. Citigroup dropped their target price on shares of Teradyne from $51.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, September 25th. Cowen set a $36.00 target price on shares of Teradyne and gave the stock a “hold” rating in a research note on Wednesday, October 24th. ValuEngine downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Goldman Sachs Group downgraded shares of Teradyne from a “buy” rating to a “neutral” rating in a research note on Thursday, October 18th. Finally, Craig Hallum upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Thursday, October 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Teradyne has an average rating of “Hold” and a consensus target price of $45.36.

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Teradyne 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.

Further Reading: How Do You Calculate Return on Investment (ROI)?

Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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