HAP Trading LLC reduced its stake in shares of Teradyne, Inc. (NYSE:TER) by 25.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,540 shares of the semiconductor company’s stock after selling 11,672 shares during the quarter. HAP Trading LLC’s holdings in Teradyne were worth $1,007,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its position in Teradyne by 11,980.5% during the 1st quarter. BlackRock Inc. now owns 18,369,484 shares of the semiconductor company’s stock valued at $571,292,000 after purchasing an additional 18,217,425 shares during the period. Vanguard Group Inc. increased its position in Teradyne by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 16,743,214 shares of the semiconductor company’s stock valued at $520,713,000 after purchasing an additional 802,000 shares during the period. Wells Fargo & Company MN increased its position in Teradyne by 71.0% during the 2nd quarter. Wells Fargo & Company MN now owns 4,293,075 shares of the semiconductor company’s stock valued at $128,922,000 after purchasing an additional 1,781,854 shares during the period. JPMorgan Chase & Co. increased its position in Teradyne by 238.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock valued at $116,451,000 after purchasing an additional 2,731,167 shares during the period. Finally, Thrivent Financial For Lutherans increased its position in Teradyne by 1.7% during the 1st quarter. Thrivent Financial For Lutherans now owns 3,236,324 shares of the semiconductor company’s stock valued at $100,650,000 after purchasing an additional 52,890 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Brad Robbins sold 15,892 shares of the company’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 transaction, the insider now directly owns 19,171 shares of the company’s stock, valued at approximately $662,166.34. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Mark E. Jagiela sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $34.50, for a total value of $1,035,000.00. Following the transaction, the insider now directly owns 248,413 shares of the company’s stock, valued at $8,570,248.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,060 shares of company stock valued at $3,834,807. Corporate insiders own 0.62% of the company’s stock.

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Shares of Teradyne, Inc. (NYSE TER) traded down 0.78% during midday trading on Wednesday, reaching $35.82. 468,743 shares of the company’s stock were exchanged. The company’s 50-day moving average is $34.64 and its 200-day moving average is $33.13. The stock has a market cap of $7.09 billion, a P/E ratio of 18.48 and a beta of 0.94. Teradyne, Inc. has a one year low of $20.16 and a one year high of $36.86.

Teradyne (NYSE:TER) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. The business had revenue of $697.00 million during the quarter, compared to the consensus estimate of $683.66 million. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The business’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS. Equities analysts expect that Teradyne, Inc. will post $1.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 7th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, September 6th. Teradyne’s payout ratio is 14.51%.

A number of research analysts have issued reports on the stock. BidaskClub downgraded shares of Teradyne from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Teradyne in a research report on Friday, September 1st. KeyCorp raised shares of Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 price objective on the stock in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Friday, September 8th. Finally, Stifel Nicolaus reissued a “buy” 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 issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $35.80.

Teradyne 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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Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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