Teradyne Inc. (TER) Shares Bought by Tocqueville Asset Management L.P.
Tocqueville Asset Management L.P. boosted its position in shares of Teradyne Inc. (NYSE:TER) by 11.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 681,472 shares of the company’s stock after buying an additional 72,663 shares during the period. Tocqueville Asset Management L.P. owned about 0.34% of Teradyne worth $13,418,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Teradyne by 31.9% in the second quarter. American Century Companies Inc. now owns 8,633,347 shares of the company’s stock worth $169,991,000 after buying an additional 2,088,082 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Teradyne by 13.2% in the first quarter. Lazard Asset Management LLC now owns 6,864,105 shares of the company’s stock worth $148,196,000 after buying an additional 801,400 shares in the last quarter. State Street Corp boosted its stake in shares of Teradyne by 3.0% in the first quarter. State Street Corp now owns 5,882,377 shares of the company’s stock worth $127,004,000 after buying an additional 173,717 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Teradyne by 14.3% in the first quarter. JPMorgan Chase & Co. now owns 2,430,603 shares of the company’s stock worth $52,477,000 after buying an additional 303,407 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Teradyne during the second quarter worth about $37,852,000. Institutional investors and hedge funds own 91.42% of the company’s stock.
Shares of Teradyne Inc. (NYSE:TER) traded up 1.15% during mid-day trading on Friday, reaching $21.19. The company’s stock had a trading volume of 1,506,403 shares. Teradyne Inc. has a 12-month low of $17.34 and a 12-month high of $22.13. The stock’s market capitalization is $4.29 billion. The company’s 50-day moving average price is $21.16 and its 200-day moving average price is $20.30.
Teradyne (NYSE:TER) last announced its earnings results on Wednesday, July 27th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $532 million for the quarter, compared to analysts’ expectations of $526.75 million. Teradyne had a positive return on equity of 14.84% and a negative net margin of 5.88%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. On average, equities research analysts forecast that Teradyne Inc. will post $1.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 7th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $0.24 annualized dividend and a yield of 1.15%. Teradyne’s payout ratio is -46.15%.
A number of equities research analysts recently issued reports on TER shares. Zacks Investment Research cut Teradyne from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Needham & Company LLC started coverage on Teradyne in a research note on Thursday, July 7th. They issued a “buy” rating and a $23.00 price objective on the stock. Deutsche Bank AG lowered their price objective on Teradyne from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. DA Davidson boosted their price objective on Teradyne from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, Pacific Crest reiterated a “hold” rating on shares of Teradyne in a research report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $22.50.
In other news, Director Michael A. Bradley sold 64,650 shares of Teradyne stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $20.93, for a total transaction of $1,353,124.50. Following the transaction, the director now directly owns 224,371 shares of the company’s stock, valued at approximately $4,696,085.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael A. Bradley sold 31,502 shares of Teradyne stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $21.19, for a total value of $667,527.38. Following the transaction, the director now directly owns 171,223 shares in the company, valued at $3,628,215.37. The disclosure for this sale can be found here. 0.76% of the stock is owned by company 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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