Van ECK Associates Corp Has $9.16 Million Holding in Teradyne, Inc. (TER)

Van ECK Associates Corp Has $9.16 Million Holding in Teradyne, Inc. (TER)

Van ECK Associates Corp raised its stake in shares of Teradyne, Inc. (NYSE:TER) by 59.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 294,573 shares of the semiconductor company’s stock after buying an additional 109,590 shares during the period. Van ECK Associates Corp’s holdings in Teradyne were worth $9,161,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Rafferty Asset Management LLC acquired a new stake in Teradyne during the first quarter valued at $1,953,000. Municipal Employees Retirement System of Michigan boosted its stake in Teradyne by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 93,250 shares of the semiconductor company’s stock valued at $2,900,000 after buying an additional 1,080 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Teradyne during the first quarter valued at $318,000. Kempen Capital Management N.V. boosted its stake in Teradyne by 50.8% in the first quarter. Kempen Capital Management N.V. now owns 64,914 shares of the semiconductor company’s stock valued at $2,019,000 after buying an additional 21,867 shares during the last quarter. Finally, AXA boosted its stake in Teradyne by 34.4% in the first quarter. AXA now owns 984,534 shares of the semiconductor company’s stock valued at $30,619,000 after buying an additional 252,102 shares during the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Teradyne, Inc. (TER) traded down 0.40% during trading on Friday, hitting $35.27. The stock had a trading volume of 2,047,949 shares. The company’s market cap is $7.02 billion. Teradyne, Inc. has a 12 month low of $18.07 and a 12 month high of $36.59. The stock has a 50 day moving average of $34.57 and a 200 day moving average of $29.41.

Teradyne (NYSE:TER) last posted its earnings results on Wednesday, April 26th. The semiconductor company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $457 million for the quarter, compared to the consensus estimate of $440.96 million. Teradyne had a positive return on equity of 16.79% and a negative net margin of 2.48%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share. Equities analysts forecast that Teradyne, Inc. will post $1.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Thursday, June 1st will be given a $0.07 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.79%. Teradyne’s dividend payout ratio is currently -109.09%.

Several analysts have weighed in on the company. ValuEngine raised Teradyne from a “hold” rating to a “buy” rating in a report on Friday. Needham & Company LLC raised their price target on Teradyne from $32.00 to $40.00 and gave the company a “buy” rating in a report on Friday, April 28th. Cowen and Company raised their price target on Teradyne from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. Stifel Nicolaus raised their price target on Teradyne from $27.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, April 25th. Finally, Deutsche Bank AG raised their price target on Teradyne from $30.00 to $34.00 and gave the company a “buy” rating in a report on Monday, April 24th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $30.59.

In other Teradyne news, Director Mercedes Johnson sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $35.07, for a total transaction of $280,560.00. Following the sale, the director now directly owns 14,773 shares in the company, valued at $518,089.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel W. Christman sold 3,232 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $35.65, for a total value of $115,220.80. Following the sale, the director now owns 30,163 shares in the company, valued at $1,075,310.95. The disclosure for this sale can be found here. Insiders sold 21,232 shares of company stock worth $704,681 over the last quarter. 0.76% of the stock is owned by company insiders.

About Teradyne

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, communications, and aerospace and defense industries.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TER”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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