Gargoyle Investment Advisor L.L.C. acquired a new position in shares of Teradyne Inc. (NYSE:TER) during the second quarter, Holdings Channel reports. The institutional investor acquired 59,000 shares of the company’s stock, valued at approximately $1,162,000.
Several other large investors have also recently made changes to their positions in the stock. Cutler Group LP increased its stake in shares of Teradyne by 270.3% in the second quarter. Cutler Group LP now owns 5,343 shares of the company’s stock worth $105,000 after buying an additional 3,900 shares in the last quarter. CIBC World Markets Inc. bought a new position in Teradyne during the second quarter worth approximately $209,000. Meeder Asset Management Inc. bought a new position in Teradyne during the second quarter worth approximately $229,000. Acrospire Investment Management LLC bought a new position in Teradyne during the first quarter worth approximately $237,000. Finally, LS Investment Advisors LLC increased its position in Teradyne by 70.0% in the second quarter. LS Investment Advisors LLC now owns 12,305 shares of the company’s stock worth $242,000 after buying an additional 5,068 shares during the period. 91.42% of the stock is currently owned by institutional investors.
Teradyne Inc. (NYSE:TER) traded down 0.88% during mid-day trading on Tuesday, hitting $21.28. 1,159,801 shares of the stock traded hands. The stock has a 50-day moving average of $21.00 and a 200 day moving average of $20.26. The firm’s market cap is $4.31 billion. Teradyne Inc. has a 1-year low of $17.34 and a 1-year high of $21.84.
Teradyne (NYSE:TER) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $532 million for the quarter, compared to analysts’ expectations of $526.75 million. Teradyne had a negative net margin of 5.88% and a positive return on equity of 14.84%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. On average, equities analysts expect that Teradyne Inc. will post $1.26 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 7th were issued a $0.06 dividend. The ex-dividend date was Friday, September 2nd. This represents a $0.24 annualized dividend and a yield of 1.13%. Teradyne’s dividend payout ratio is presently -46.15%.
A number of research analysts recently commented on the stock. Craig Hallum raised shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Thursday, August 25th. TheStreet downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Stifel Nicolaus downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Thursday, June 9th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $20.50 target price on shares of Teradyne in a research report on Friday, July 29th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Teradyne currently has an average rating of “Buy” and a consensus target price of $22.50.
In related news, Director Michael A. Bradley sold 31,502 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $21.19, for a total value of $667,527.38. Following the sale, the director now directly owns 171,223 shares of the company’s stock, valued at $3,628,215.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael A. Bradley sold 64,650 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $20.93, for a total transaction of $1,353,124.50. Following the completion of the sale, the director now directly owns 224,371 shares in the company, valued at $4,696,085.03. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.
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, computing, communications and aerospace and defense industries.
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