Peregrine Capital Management LLC Has $40.15 Million Stake in Teradyne, Inc. (TER)

Peregrine Capital Management LLC increased its stake in Teradyne, Inc. (NYSE:TER) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,076,578 shares of the semiconductor company’s stock after purchasing an additional 36,619 shares during the period. Teradyne makes up approximately 1.0% of Peregrine Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Peregrine Capital Management LLC owned approximately 0.54% of Teradyne worth $40,146,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Teradyne by 238.2% during the second quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock worth $116,451,000 after acquiring an additional 2,731,167 shares during the period. BlackRock Inc. lifted its position in Teradyne by 13.3% during the second quarter. BlackRock Inc. now owns 20,807,353 shares of the semiconductor company’s stock worth $624,846,000 after buying an additional 2,437,869 shares in the last quarter. Wells Fargo & Company MN lifted its position in Teradyne by 71.0% during the second quarter. Wells Fargo & Company MN now owns 4,293,075 shares of the semiconductor company’s stock worth $128,922,000 after buying an additional 1,781,854 shares in the last quarter. Coatue Management LLC acquired a new stake in Teradyne during the second quarter worth $39,545,000. Finally, Renaissance Technologies LLC boosted its holdings in Teradyne by 200.9% in the second quarter. Renaissance Technologies LLC now owns 1,886,700 shares of the semiconductor company’s stock valued at $56,658,000 after purchasing an additional 1,259,599 shares during the period. 90.65% of the stock is owned by institutional investors.

In related news, Director Michael A. Bradley sold 10,000 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $42.85, for a total transaction of $428,500.00. Following the completion of the sale, the director now directly owns 134,132 shares in the company, valued at approximately $5,747,556.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark E. Jagiela sold 80,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $43.55, for a total value of $3,484,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 216,012 shares of company stock worth $8,622,429. Corporate insiders own 0.62% of the company’s stock.

Shares of Teradyne, Inc. (NYSE:TER) traded up $0.15 during trading hours on Tuesday, reaching $43.85. The company’s stock had a trading volume of 2,294,200 shares, compared to its average volume of 2,463,803. The stock has a market capitalization of $8,572.09, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.64 and a beta of 1.04. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.96 and a quick ratio of 4.67. Teradyne, Inc. has a fifty-two week low of $23.39 and a fifty-two week high of $44.33.

Teradyne (NYSE:TER) last posted its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.11. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The firm had revenue of $503.40 million for the quarter, compared to analysts’ expectations of $472.86 million. During the same period in the previous year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 22.6% on a year-over-year basis. equities analysts forecast that Teradyne, Inc. will post 2.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, November 29th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.64%. Teradyne’s payout ratio is 13.08%.

Several analysts have recently weighed in on the company. Zacks Investment Research raised Teradyne from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Friday, September 8th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $41.00 price target (up previously from $32.00) on shares of Teradyne in a research note on Monday, September 18th. Stifel Nicolaus restated a “buy” rating on shares of Teradyne in a research note on Thursday, July 27th. BidaskClub raised Teradyne from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, KeyCorp upgraded shares of Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 price objective on the stock in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $40.17.

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Teradyne Company Profile

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.

Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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