FUKOKU MUTUAL LIFE INSURANCE Co Takes Position in Teradyne, Inc. (TER)
FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in Teradyne, Inc. (NYSE:TER) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,000 shares of the semiconductor company’s stock, valued at approximately $751,000.
A number of other hedge funds have also modified their holdings of TER. Royal Bank of Canada lifted its stake in Teradyne by 10.1% in the second quarter. Royal Bank of Canada now owns 28,634 shares of the semiconductor company’s stock valued at $861,000 after buying an additional 2,619 shares during the period. Picton Mahoney Asset Management bought a new position in shares of Teradyne during the 2nd quarter worth approximately $7,038,000. Clinton Group Inc. grew its position in shares of Teradyne by 1,787.8% during the 2nd quarter. Clinton Group Inc. now owns 137,487 shares of the semiconductor company’s stock worth $4,129,000 after buying an additional 130,204 shares during the period. People s United Financial Inc. grew its position in shares of Teradyne by 1.8% during the 2nd quarter. People s United Financial Inc. now owns 18,148 shares of the semiconductor company’s stock worth $545,000 after buying an additional 316 shares during the period. Finally, Stifel Financial Corp grew its position in shares of Teradyne by 1.8% during the 2nd quarter. Stifel Financial Corp now owns 63,216 shares of the semiconductor company’s stock worth $1,900,000 after buying an additional 1,091 shares during the period. Institutional investors and hedge funds own 93.10% of the company’s stock.
Teradyne, Inc. (NYSE:TER) traded up 1.02% on Monday, hitting $37.67. 982,759 shares of the company were exchanged. The company has a 50 day moving average price of $34.77 and a 200-day moving average price of $33.44. The stock has a market capitalization of $7.45 billion, a P/E ratio of 19.44 and a beta of 0.98. Teradyne, Inc. has a 52 week low of $20.22 and a 52 week high of $37.74.
Teradyne (NYSE:TER) last issued its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.04. The firm 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 company’s revenue was up 31.1% on a year-over-year basis. During the same period last year, the company earned $0.55 earnings per share. On average, equities analysts expect that Teradyne, Inc. will post $1.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 7th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Wednesday, September 6th. Teradyne’s payout ratio is 14.51%.
Several research analysts recently issued reports on the stock. KeyCorp reissued an “outperform” rating and set a $40.00 target price on shares of Teradyne in a research note on Saturday, September 16th. Zacks Investment Research downgraded Teradyne from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. BidaskClub upgraded Teradyne from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $41.00 target price (up from $32.00) on shares of Teradyne in a report on Monday, September 18th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $43.00 price target on shares of Teradyne in a research report on Tuesday, September 19th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $36.83.
In other Teradyne news, Director Michael A. Bradley sold 17,390 shares of Teradyne stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $36.30, for a total value of $631,257.00. Following the completion of the transaction, the director now directly owns 154,132 shares of the company’s stock, valued at $5,594,991.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brad Robbins sold 15,892 shares of Teradyne stock in a transaction dated 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 $662,166.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,698 shares of company stock worth $5,012,857. 0.62% of the stock is currently owned by company insiders.
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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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