BlackRock Advisors LLC lowered its position in shares of Teradyne Inc. (NYSE:TER) by 19.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,113,333 shares of the company’s stock after selling 275,486 shares during the period. BlackRock Advisors LLC owned about 0.55% of Teradyne worth $21,922,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new position in shares of Teradyne during the second quarter worth $104,000. Cutler Group LP increased its position 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. Schroder Investment Management Group increased its position in shares of Teradyne by 352.9% in the second quarter. Schroder Investment Management Group now owns 7,700 shares of the company’s stock worth $151,000 after buying an additional 6,000 shares in the last quarter. CIBC World Markets Inc. acquired a new position in shares of Teradyne during the second quarter worth $209,000. Finally, Calvert Investment Management Inc. increased its position in shares of Teradyne by 12.5% in the second quarter. Calvert Investment Management Inc. now owns 10,905 shares of the company’s stock worth $215,000 after buying an additional 1,214 shares in the last quarter. Institutional investors and hedge funds own 91.42% of the company’s stock.
Shares of Teradyne Inc. (NYSE:TER) opened at 21.29 on Monday. Teradyne Inc. has a 12 month low of $16.89 and a 12 month high of $21.84. The firm has a 50 day moving average price of $20.76 and a 200-day moving average price of $20.21. The firm’s market cap is $4.31 billion.
Teradyne (NYSE:TER) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.05. The company had revenue of $532 million for the quarter, compared to the consensus estimate of $526.75 million. Teradyne had a positive return on equity of 14.84% and a negative net margin of 5.88%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 EPS. On average, analysts predict that Teradyne Inc. will post $1.26 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, September 7th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Friday, September 2nd. Teradyne’s dividend payout ratio is currently -46.15%.
TER has been the topic of a number of research analyst reports. Deutsche Bank AG lowered their price target on Teradyne from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, July 29th. Needham & Company LLC initiated coverage on Teradyne in a report on Thursday, July 7th. They set a “buy” rating and a $23.00 price target on the stock. DA Davidson lifted their price target on Teradyne from $24.00 to $25.00 and gave the company a “buy” rating in a report on Friday, July 29th. Craig Hallum upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Thursday, August 25th. Finally, TheStreet downgraded Teradyne from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.50.
In related news, 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 value of $1,353,124.50. Following the completion of the sale, the director now owns 224,371 shares in the company, valued at approximately $4,696,085.03. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael A. Bradley sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $21.39, for a total transaction of $320,850.00. Following the completion of the sale, the director now owns 164,721 shares of the company’s stock, valued at approximately $3,523,382.19. 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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