Utah Retirement Systems reduced its position in Teradyne, Inc. (NYSE:TER) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,357 shares of the semiconductor company’s stock after selling 600 shares during the period. Utah Retirement Systems’ holdings in Teradyne were worth $1,092,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of TER. Segantii Capital Management Ltd acquired a new position in shares of Teradyne during the 1st quarter valued at about $121,000. Paradigm Asset Management Co. LLC increased its holdings in shares of Teradyne by 193.3% during 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. TrimTabs Asset Management LLC acquired a new position in shares of Teradyne during the 1st quarter valued at about $141,000. IFP Advisors Inc increased its holdings in shares of Teradyne by 305.2% during the 1st quarter. IFP Advisors Inc now owns 4,595 shares of the semiconductor company’s stock valued at $143,000 after acquiring an additional 3,461 shares during the last quarter. Finally, Oakbrook Investments LLC acquired a new position in shares of Teradyne during the 2nd quarter valued at about $221,000. 93.10% of the stock is currently owned by institutional investors.
Teradyne, Inc. (NYSE:TER) opened at 36.45 on Friday. Teradyne, Inc. has a 12-month low of $20.22 and a 12-month high of $36.94. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 18.81 and a beta of 0.94. The firm’s 50-day moving average price is $34.77 and its 200 day moving average price is $33.44.
Teradyne (NYSE:TER) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The firm had revenue of $697.00 million for the quarter, compared to analysts’ expectations of $683.66 million. During the same quarter last year, the firm earned $0.55 EPS. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. On average, analysts expect that Teradyne, Inc. will post $1.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.28 annualized dividend and a dividend yield of 0.77%. Teradyne’s dividend payout ratio is currently 14.51%.
In other Teradyne news, Director Michael A. Bradley sold 17,390 shares of Teradyne stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $36.30, for a total transaction of $631,257.00. Following the transaction, the director now owns 154,132 shares of the company’s stock, valued at approximately $5,594,991.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brad Robbins sold 15,892 shares of Teradyne stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $34.54, for a total transaction of $548,909.68. Following the transaction, the insider now directly owns 19,171 shares in the company, valued at approximately $662,166.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,698 shares of company stock worth $5,012,857. Insiders own 0.62% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, September 8th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $41.00 price objective (up previously from $32.00) on shares of Teradyne in a research report on Monday, September 18th. BidaskClub downgraded Teradyne from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. ValuEngine upgraded Teradyne from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus restated a “buy” rating on shares of Teradyne in a research report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $36.83.
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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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