HighTower Advisors LLC reduced its stake in Teradyne, Inc. (NYSE:TER) by 24.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,830 shares of the semiconductor company’s stock after selling 21,495 shares during the period. HighTower Advisors LLC’s holdings in Teradyne were worth $1,979,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Paradigm Asset Management Co. LLC increased its holdings in Teradyne by 193.3% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock valued at $132,000 after acquiring an additional 2,900 shares during the last quarter. IFP Advisors Inc increased its holdings in Teradyne by 4.6% in the 2nd quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock valued at $144,000 after acquiring an additional 211 shares during the last quarter. Fiduciary Trust Co. bought a new stake in shares of Teradyne in the 2nd quarter worth about $147,000. TLP Group LLC bought a new stake in shares of Teradyne in the 2nd quarter worth about $201,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Teradyne by 6.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,207 shares of the semiconductor company’s stock worth $224,000 after buying an additional 454 shares during the last quarter. Institutional investors own 93.11% of the company’s stock.
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In other Teradyne news, insider Brad Robbins sold 15,892 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $34.54, for a total value of $548,909.68. Following the sale, the insider now directly owns 19,171 shares of the company’s stock, valued at $662,166.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael A. Bradley sold 22,168 shares of the 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 completion of the sale, the director now directly owns 194,938 shares in the company, valued at $6,947,590.32. The disclosure for this sale can be found here. Insiders sold 141,698 shares of company stock worth $5,012,857 over the last ninety days. 0.62% of the stock is owned by corporate insiders.
TER has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, September 19th. BidaskClub cut shares of Teradyne from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. KeyCorp reaffirmed a “buy” rating and set a $40.00 price target on shares of Teradyne in a research note on Tuesday, September 5th. Stifel Nicolaus raised shares of Teradyne from a “hold” rating to a “buy” rating and boosted their price objective for the company from $32.00 to $39.00 in a research report on Wednesday, July 5th. They noted that the move was a valuation call. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Teradyne in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Teradyne has an average rating of “Buy” and a consensus target price of $36.83.
Teradyne, Inc. (NYSE TER) opened at 39.07 on Wednesday. Teradyne, Inc. has a 12-month low of $20.22 and a 12-month high of $39.20. The firm’s 50-day moving average is $36.56 and its 200 day moving average is $34.37. The stock has a market capitalization of $7.73 billion, a P/E ratio of 20.16 and a beta of 0.98.
Teradyne (NYSE:TER) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The firm had revenue of $697.00 million for the quarter, compared to analyst estimates of $683.66 million. During the same period last year, the company earned $0.55 earnings per share. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. Equities analysts expect that Teradyne, Inc. will post $1.98 EPS for the current year.
The business also recently announced 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 of this dividend was Wednesday, September 6th. Teradyne’s dividend payout ratio is presently 14.51%.
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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