BlackRock Inc. lifted its position in Teradyne, Inc. (NYSE:TER) by 13.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 20,807,353 shares of the semiconductor company’s stock after purchasing an additional 2,437,869 shares during the period. BlackRock Inc. owned about 10.47% of Teradyne worth $624,846,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in shares of Teradyne by 5.8% in the second quarter. Pacer Advisors Inc. now owns 28,627 shares of the semiconductor company’s stock worth $860,000 after purchasing an additional 1,559 shares during the last quarter. Cipher Capital LP grew its holdings in shares of Teradyne by 47.5% in the second quarter. Cipher Capital LP now owns 118,758 shares of the semiconductor company’s stock worth $3,566,000 after purchasing an additional 38,247 shares during the last quarter. Paradigm Asset Management Co. LLC grew its holdings in shares of Teradyne by 193.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock worth $132,000 after purchasing an additional 2,900 shares during the last quarter. Westpac Banking Corp bought a new position in shares of Teradyne in the second quarter worth approximately $5,465,000. Finally, James Investment Research Inc. grew its holdings in shares of Teradyne by 872.2% in the second quarter. James Investment Research Inc. now owns 48,610 shares of the semiconductor company’s stock worth $1,460,000 after purchasing an additional 43,610 shares during the last quarter. Hedge funds and other institutional investors own 93.10% of the company’s stock.
Several research analysts have recently issued reports on TER shares. ValuEngine upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday, June 5th. BidaskClub cut shares of Teradyne from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, Stifel Nicolaus upgraded shares of Teradyne from a “hold” rating to a “buy” rating and raised their target price for the stock from $32.00 to $39.00 in a report on Wednesday, July 5th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Teradyne has an average rating of “Buy” and an average target price of $36.83.
In other Teradyne news, insider Mark E. Jagiela sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $34.50, for a total value of $1,035,000.00. Following the transaction, the insider now owns 248,413 shares of the company’s stock, valued at approximately $8,570,248.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael A. Bradley sold 22,168 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $35.64, for a total value of $790,067.52. Following the completion of the transaction, the director now directly owns 194,938 shares in the company, valued at approximately $6,947,590.32. The disclosure for this sale can be found here. Insiders sold a total of 141,698 shares of company stock worth $5,012,857 in the last ninety days. 0.62% of the stock is currently owned by corporate insiders.
Shares of Teradyne, Inc. (NYSE:TER) opened at 35.69 on Friday. Teradyne, Inc. has a 52 week low of $20.22 and a 52 week high of $36.94. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 18.42 and a beta of 0.94. The company has a 50-day moving average price of $34.77 and a 200-day moving average price of $33.44.
Teradyne (NYSE:TER) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.04. The company had revenue of $697.00 million for the quarter, compared to the consensus estimate of $683.66 million. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. Teradyne’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 EPS. Equities analysts anticipate that Teradyne, Inc. will post $1.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Wednesday, September 6th. Teradyne’s dividend payout ratio (DPR) 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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