Eagle Asset Management Inc. lowered its position in Teradyne Inc. (NYSE:TER) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,431,255 shares of the company’s stock after selling 4,633 shares during the period. Eagle Asset Management Inc. owned about 0.71% of Teradyne worth $30,886,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new stake in shares of Teradyne during the second quarter worth about $104,000. Cutler Group LP boosted 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. Schroder Investment Management Group boosted its stake 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. Pacad Investment Ltd. purchased a new stake in shares of Teradyne during the second quarter worth about $169,000. Finally, Zacks Investment Management purchased a new stake in shares of Teradyne during the second quarter worth about $205,000. Institutional investors own 91.71% of the company’s stock.

Institutional Ownership by Quarter for Teradyne (NYSE:TER)

Teradyne Inc. (NYSE:TER) traded up 1.04% during midday trading on Friday, reaching $25.16. The company’s stock had a trading volume of 489,791 shares. The company’s market cap is $5.06 billion. The stock has a 50-day moving average price of $22.88 and a 200 day moving average price of $20.87. Teradyne Inc. has a 12 month low of $17.34 and a 12 month high of $25.18.

Teradyne (NYSE:TER) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. Teradyne had a negative net margin of 6.53% and a positive return on equity of 14.46%. The company earned $410 million during the quarter, compared to analyst estimates of $392.38 million. During the same quarter last year, the business posted $0.40 EPS. Teradyne’s quarterly revenue was down 11.9% compared to the same quarter last year. Analysts expect that Teradyne Inc. will post $1.41 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Wednesday, November 30th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.95%. Teradyne’s payout ratio is currently -43.64%.

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A number of equities research analysts have recently issued reports on the company. Craig Hallum upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Thursday, August 25th. Cowen and Company boosted their price objective on Teradyne from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, October 28th. BMO Capital Markets reduced their price objective on Teradyne from $30.00 to $27.00 and set a “market perform” rating for the company in a report on Friday, October 28th. TheStreet upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Wednesday, October 26th. Finally, Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Friday, October 28th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Teradyne has a consensus rating of “Buy” and a consensus price target of $23.59.

In related news, Director Michael A. Bradley sold 10,000 shares of Teradyne stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $23.37, for a total value of $233,700.00. Following the completion of the transaction, the director now directly owns 164,721 shares in the company, valued at approximately $3,849,529.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael A. Bradley sold 15,000 shares of Teradyne stock in a transaction that occurred 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 transaction, the director now owns 164,721 shares of the company’s stock, valued at $3,523,382.19. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Teradyne Company Profile

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.

5 Day Chart for NYSE:TER

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