Teradyne, Inc. (TER) Stake Decreased by Royce & Associates LP
Royce & Associates LP cut its stake in Teradyne, Inc. (NYSE:TER) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,441,875 shares of the semiconductor company’s stock after selling 16,100 shares during the period. Royce & Associates LP owned about 1.23% of Teradyne worth $73,330,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in TER. Teachers Advisors LLC increased its position in Teradyne by 40.6% in the fourth quarter. Teachers Advisors LLC now owns 279,246 shares of the semiconductor company’s stock valued at $7,093,000 after buying an additional 80,661 shares in the last quarter. Creative Planning boosted its stake in shares of Teradyne by 76.2% in the first quarter. Creative Planning now owns 4,778 shares of the semiconductor company’s stock valued at $149,000 after buying an additional 2,067 shares during the last quarter. Capstone Asset Management Co. boosted 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 valued at $486,000 after buying an additional 540 shares during the last quarter. James Investment Research Inc. acquired a new stake in shares of Teradyne during the first quarter valued at approximately $156,000. Finally, Nationwide Fund Advisors boosted its stake 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. 92.90% of the stock is currently owned by institutional investors and hedge funds.
Teradyne, Inc. (NYSE TER) traded up 0.449% during trading on Friday, reaching $34.665. 156,722 shares of the company traded hands. Teradyne, Inc. has a 12-month low of $20.07 and a 12-month high of $36.86. The firm’s 50 day moving average price is $34.01 and its 200 day moving average price is $32.57. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 17.887 and a beta of 0.95.
Teradyne (NYSE:TER) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.04. The company had revenue of $697 million during the quarter, compared to analyst estimates of $683.66 million. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. Equities research analysts expect that Teradyne, Inc. will post $1.97 earnings per share for the current year.
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Several analysts have commented on TER shares. Credit Suisse Group reiterated a “neutral” rating on shares of Teradyne in a research report on Thursday, July 27th. Needham & Company LLC upped their price objective on shares of Teradyne from $32.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Zacks Investment Research cut Teradyne from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub upgraded Teradyne from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Finally, Cowen and Company increased their target price on Teradyne from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $35.70.
In related news, insider Brad Robbins sold 15,892 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $34.54, for a total value of $548,909.68. Following the transaction, the insider now owns 19,171 shares in the company, valued at approximately $662,166.34. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael A. Bradley sold 9,235 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $35.32, for a total transaction of $326,180.20. Following the completion of the transaction, the director now owns 195,405 shares in the company, valued at approximately $6,901,704.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,127 shares of company stock valued at $1,910,090. Insiders own 0.62% 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, communications, and aerospace and defense industries.
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