Cypress Capital Management LLC WY boosted its stake in Teradyne, Inc. (NYSE:TER) by 694.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,725 shares of the semiconductor company’s stock after buying an additional 9,375 shares during the period. Cypress Capital Management LLC WY’s holdings in Teradyne were worth $322,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of TER. Gilman Hill Asset Management LLC raised its position in shares of Teradyne by 17.1% in the first quarter. Gilman Hill Asset Management LLC now owns 11,020 shares of the semiconductor company’s stock valued at $343,000 after buying an additional 1,610 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Teradyne by 16.2% in the first quarter. Nationwide Fund Advisors now owns 707,660 shares of the semiconductor company’s stock valued at $22,008,000 after buying an additional 98,422 shares during the last quarter. James Investment Research Inc. purchased a new position in shares of Teradyne during the first quarter valued at approximately $156,000. Dalton Greiner Hartman Maher & Co. raised its position in shares of Teradyne by 2.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 671,107 shares of the semiconductor company’s stock valued at $20,871,000 after buying an additional 15,843 shares during the last quarter. Finally, Reliance Trust Co. of Delaware purchased a new position in shares of Teradyne during the first quarter valued at approximately $276,000. Institutional investors own 93.55% of the company’s stock.
Shares of Teradyne, Inc. (NYSE TER) traded down 1.13% during mid-day trading on Friday, hitting $34.93. The company had a trading volume of 1,052,468 shares. The firm’s 50 day moving average is $32.94 and its 200-day moving average is $31.29. Teradyne, Inc. has a 12-month low of $19.43 and a 12-month high of $36.59. The firm’s market cap is $6.95 billion.
Teradyne (NYSE:TER) last released its quarterly earnings data on Wednesday, April 26th. The semiconductor company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.06. Teradyne had a positive return on equity of 18.34% and a negative net margin of 0.46%. The company had revenue of $457 million for the quarter, compared to analyst estimates of $440.96 million. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts expect that Teradyne, Inc. will post $1.89 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Thursday, June 1st were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Tuesday, May 30th. Teradyne’s payout ratio is currently -699.83%.
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Several research analysts have recently commented on the company. Needham & Company LLC lifted their target price on Teradyne from $32.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. ValuEngine upgraded Teradyne from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 5th. BidaskClub upgraded Teradyne from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Cowen and Company lifted their target price on Teradyne from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Teradyne currently has a consensus rating of “Buy” and a consensus target price of $31.71.
In other news, Director Mercedes Johnson sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $35.07, for a total value of $280,560.00. Following the transaction, the director now directly owns 14,773 shares of the company’s stock, valued at approximately $518,089.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel W. Christman sold 3,232 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $35.65, for a total value of $115,220.80. Following the completion of the transaction, the director now directly owns 30,163 shares in the company, valued at $1,075,310.95. The disclosure for this sale can be found here. Insiders sold a total of 20,467 shares of company stock worth $721,961 over the last three months. 0.62% of the stock is owned by company insiders.
About Teradyne
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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