Cubist Systematic Strategies LLC lifted its position in Teradyne, Inc. (NYSE:TER) by 874.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,575 shares of the semiconductor company’s stock after buying an additional 92,944 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.05% of Teradyne worth $3,110,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Summit Partners Public Asset Management LLC purchased a new stake in shares of Teradyne in the second quarter worth about $3,754,000. Sciencast Management LP purchased a new stake in shares of Teradyne in the second quarter worth about $501,000. State Street Corp lifted its holdings in shares of Teradyne by 0.5% in the second quarter. State Street Corp now owns 5,441,993 shares of the semiconductor company’s stock worth $163,420,000 after buying an additional 27,857 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Teradyne in the second quarter worth about $23,288,000. Finally, Macquarie Group Ltd. lifted its holdings in shares of Teradyne by 2.5% in the second quarter. Macquarie Group Ltd. now owns 2,630,227 shares of the semiconductor company’s stock worth $78,986,000 after buying an additional 64,437 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on TER. KeyCorp reissued an “outperform” rating and issued a $40.00 price target on shares of Teradyne in a report on Saturday, September 16th. Zacks Investment Research downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. BidaskClub raised shares of Teradyne from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $41.00 target price (up from $32.00) on shares of Teradyne in a research note on Monday, September 18th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $43.00 target price on shares of Teradyne in a research note on Tuesday, September 19th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $36.83.
In other Teradyne news, Director Michael A. Bradley sold 22,168 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $35.64, for a total value of $790,067.52. Following the transaction, the director now owns 194,938 shares of the company’s stock, valued at approximately $6,947,590.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark E. Jagiela sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $34.50, for a total value of $1,035,000.00. Following the completion of the transaction, the insider now directly owns 248,413 shares in the company, valued at approximately $8,570,248.50. The disclosure for this sale can be found here. Insiders sold a total of 141,698 shares of company stock worth $5,012,857 in the last ninety days. 0.62% of the stock is currently owned by corporate insiders.
Shares of Teradyne, Inc. (NYSE:TER) traded up 0.375% during mid-day trading on Tuesday, reaching $38.775. The company had a trading volume of 354,009 shares. The firm has a 50-day moving average price of $36.56 and a 200-day moving average price of $34.37. Teradyne, Inc. has a 1-year low of $20.22 and a 1-year high of $39.05. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 20.008 and a beta of 0.98.
Teradyne (NYSE:TER) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.04. The firm had revenue of $697.00 million for the quarter, compared to the consensus estimate of $683.66 million. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. Equities analysts expect that Teradyne, Inc. will post $1.98 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 7th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.72%. The ex-dividend date was Wednesday, September 6th. Teradyne’s dividend payout ratio (DPR) is presently 14.51%.
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.
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