Cubist Systematic Strategies LLC Has $3.11 Million Position in Teradyne, Inc. (TER)
Cubist Systematic Strategies LLC lifted its position in Teradyne, Inc. (NYSE:TER) by 874.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,575 shares of the semiconductor company’s stock after purchasing an additional 92,944 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.05% of Teradyne worth $3,110,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. MML Investors Services LLC grew its holdings in shares of Teradyne by 0.8% in the second quarter. MML Investors Services LLC now owns 24,382 shares of the semiconductor company’s stock valued at $732,000 after purchasing an additional 188 shares during the period. IFP Advisors Inc boosted its stake in Teradyne by 4.6% during the second quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock worth $144,000 after buying an additional 211 shares during the period. People s United Financial Inc. boosted its stake in Teradyne by 1.8% during the second 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. PNC Financial Services Group Inc. boosted its stake in Teradyne by 6.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,207 shares of the semiconductor company’s stock worth $224,000 after buying an additional 454 shares during the period. Finally, M&T Bank Corp boosted its stake in Teradyne by 3.9% during the first quarter. M&T Bank Corp now owns 12,204 shares of the semiconductor company’s stock worth $380,000 after buying an additional 462 shares during the period. 93.10% of the stock is owned by hedge funds and other institutional investors.
Shares of Teradyne, Inc. (NYSE:TER) traded up 0.48% during mid-day trading on Friday, hitting $37.90. 1,355,677 shares of the stock traded hands. Teradyne, Inc. has a one year low of $20.22 and a one year high of $38.10. The company has a market cap of $7.50 billion, a P/E ratio of 19.56 and a beta of 0.98. The stock has a 50 day moving average price of $35.93 and a 200-day moving average price of $34.04.
Teradyne (NYSE:TER) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.86 by $0.04. The firm had revenue of $697.00 million for the quarter, compared to analyst estimates of $683.66 million. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. Teradyne’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. On average, analysts forecast that Teradyne, Inc. will post $1.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 7th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Wednesday, September 6th. Teradyne’s dividend payout ratio (DPR) is presently 14.51%.
In related news, insider Mark E. Jagiela sold 30,000 shares of the business’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 transaction of $1,035,000.00. Following the transaction, the insider now directly owns 248,413 shares of the company’s stock, valued at approximately $8,570,248.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael A. Bradley sold 17,390 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $36.30, for a total value of $631,257.00. Following the transaction, the director now directly owns 154,132 shares in the company, valued at $5,594,991.60. The disclosure for this sale can be found here. Insiders have sold a total of 141,698 shares of company stock worth $5,012,857 over the last three months. 0.62% of the stock is currently owned by corporate insiders.
Several brokerages have weighed in on TER. BidaskClub raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Friday, August 25th. KeyCorp reaffirmed an “outperform” rating and set a $40.00 target price on shares of Teradyne in a research note on Saturday, September 16th. Finally, Stifel Nicolaus raised shares of Teradyne from a “hold” rating to a “buy” rating and increased their target price for the stock from $32.00 to $39.00 in a research note on Wednesday, July 5th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Teradyne has a consensus rating of “Buy” and an average target price of $36.83.
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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