US Bancorp DE Has $528,000 Stake in Teradyne, Inc. (TER)
US Bancorp DE boosted its position in Teradyne, Inc. (NYSE:TER) by 103.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,577 shares of the semiconductor company’s stock after buying an additional 8,917 shares during the period. US Bancorp DE’s holdings in Teradyne were worth $528,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. James Investment Research Inc. raised its stake 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 buying an additional 43,610 shares during the period. Capstone Asset Management Co. raised its stake in shares of Teradyne by 3.6% in the first quarter. Capstone Asset Management Co. now owns 15,623 shares of the semiconductor company’s stock worth $486,000 after buying an additional 540 shares during the period. AXA raised its stake in shares of Teradyne by 34.4% in the first quarter. AXA now owns 984,534 shares of the semiconductor company’s stock worth $30,619,000 after buying an additional 252,102 shares during the period. Cypress Capital Management LLC WY raised its stake in shares of Teradyne by 694.4% in the second quarter. Cypress Capital Management LLC WY now owns 10,725 shares of the semiconductor company’s stock worth $322,000 after buying an additional 9,375 shares during the period. Finally, Atlantic Trust Group LLC purchased a new stake in shares of Teradyne during the first quarter worth about $2,407,000. Hedge funds and other institutional investors own 92.90% of the company’s stock.
Shares of Teradyne, Inc. (NYSE:TER) traded down 1.27% during trading on Thursday, hitting $34.21. 539,285 shares of the stock were exchanged. The stock’s 50 day moving average is $33.45 and its 200-day moving average is $32.35. Teradyne, Inc. has a 12-month low of $19.92 and a 12-month high of $36.86. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 17.65 and a beta of 0.95. Teradyne also was the recipient of some unusual options trading activity on Monday. Investors bought 25,233 call options on the company. This is an increase of 1,090% compared to the average volume of 2,121 call options.
Teradyne (NYSE:TER) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. The company had revenue of $697 million during the quarter, compared to the consensus estimate of $683.66 million. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. Equities research analysts anticipate that Teradyne, Inc. will post $1.97 EPS for the current year.
A number of equities analysts have weighed in on the stock. Credit Suisse Group reaffirmed a “neutral” rating on shares of Teradyne in a research note on Thursday, July 27th. Needham & Company LLC increased their price target on shares of Teradyne from $32.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Zacks Investment Research downgraded shares of Teradyne from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub raised shares of Teradyne from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus increased their price target on shares of Teradyne from $27.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, April 25th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Teradyne presently has an average rating of “Buy” and a consensus target price of $35.70.
In other Teradyne news, insider Mark E. Jagiela sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $34.50, for a total value of $1,035,000.00. Following the completion of the sale, the insider now directly owns 248,413 shares of the company’s stock, valued at $8,570,248.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brad Robbins sold 15,892 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $34.54, for a total transaction of $548,909.68. Following the completion of the sale, the insider now directly owns 19,171 shares of the company’s stock, valued at $662,166.34. The disclosure for this sale can be found here. Insiders sold 63,127 shares of company stock valued at $2,190,650 over the last three months. Insiders own 0.62% of the company’s stock.
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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