Teradyne, Inc. (TER) Stake Raised by Pacer Advisors Inc.
Pacer Advisors Inc. increased its stake in Teradyne, Inc. (NYSE:TER) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,627 shares of the semiconductor company’s stock after buying an additional 1,559 shares during the period. Pacer Advisors Inc.’s holdings in Teradyne were worth $860,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Teachers Advisors LLC raised its position in shares of 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 during the last quarter. Creative Planning increased its stake in Teradyne by 76.2% in the first quarter. Creative Planning now owns 4,778 shares of the semiconductor company’s stock worth $149,000 after buying an additional 2,067 shares during the period. Capstone Asset Management Co. increased its stake in 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. Janney Montgomery Scott LLC acquired a new stake in Teradyne during the first quarter worth about $621,000. Finally, IFP Advisors Inc increased its stake in Teradyne by 305.2% in the first quarter. IFP Advisors Inc now owns 4,595 shares of the semiconductor company’s stock worth $143,000 after buying an additional 3,461 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.
Teradyne, Inc. (NYSE:TER) opened at 35.87 on Thursday. The company’s 50-day moving average price is $34.12 and its 200 day moving average price is $32.61. Teradyne, Inc. has a 52 week low of $20.07 and a 52 week high of $36.86. The company has a market capitalization of $7.10 billion, a PE ratio of 18.51 and a beta of 0.95.
Teradyne (NYSE:TER) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.04. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The firm had revenue of $697 million for the quarter, compared to analyst estimates of $683.66 million. During the same quarter last year, the company earned $0.55 EPS. The company’s revenue was up 31.1% on a year-over-year basis. On average, equities research analysts anticipate that Teradyne, Inc. will post $1.97 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, September 6th. This represents a $0.28 dividend on an annualized basis and a yield of 0.78%. Teradyne’s dividend payout ratio (DPR) is presently 14.51%.
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TER has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. BidaskClub downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Cowen and Company set a $41.00 price objective on shares of Teradyne and gave the company a “buy” rating in a research report on Friday, July 28th. ValuEngine raised shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of Teradyne in a research report on Thursday, July 27th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $35.70.
In other news, insider Brad Robbins sold 15,892 shares of Teradyne stock in a transaction on Friday, July 28th. The stock was 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 at the SEC website. Also, Director Michael A. Bradley sold 9,235 shares of Teradyne stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $35.32, for a total value 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. In the last 90 days, insiders have sold 55,127 shares of company stock worth $1,910,090. Corporate 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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