Cubist Systematic Strategies LLC reduced its position in shares of Teradyne, Inc. (NYSE:TER) by 54.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,507 shares of the semiconductor company’s stock after selling 56,068 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Teradyne were worth $1,772,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TER. WFG Advisors LP raised its position in Teradyne by 21.9% during the second quarter. WFG Advisors LP now owns 3,900 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 700 shares in the last quarter. Paradigm Asset Management Co. LLC raised its position in Teradyne by 193.3% during the second quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 2,900 shares in the last quarter. IFP Advisors Inc raised its position 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 acquiring an additional 211 shares in the last quarter. Fiduciary Trust Co. bought a new stake in Teradyne during the second quarter worth $147,000. Finally, Bronfman E.L. Rothschild L.P. raised its position in Teradyne by 2,678.1% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 4,044 shares in the last quarter. 96.72% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Michael A. Bradley sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $42.80, for a total transaction of $428,000.00. Following the transaction, the director now directly owns 145,836 shares of the company’s stock, valued at $6,241,780.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Charles Jeffrey Gray sold 8,161 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $42.25, for a total transaction of $344,802.25. Following the transaction, the vice president now directly owns 31,500 shares in the company, valued at $1,330,875. The disclosure for this sale can be found here. Insiders sold 140,206 shares of company stock worth $6,066,881 over the last three months. Insiders own 0.62% of the company’s stock.

Several analysts have issued reports on TER shares. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, September 19th. KeyCorp reaffirmed a “buy” rating and set a $47.00 price target on shares of Teradyne in a research report on Friday, October 27th. Credit Suisse Group upped their price target on shares of Teradyne from $36.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Citigroup increased their price objective on shares of Teradyne from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $41.25.

Teradyne, Inc. (NYSE:TER) opened at $41.88 on Friday. The firm has a market cap of $8,046.39, a PE ratio of 18.65, a PEG ratio of 1.54 and a beta of 1.01. Teradyne, Inc. has a 1 year low of $25.24 and a 1 year high of $44.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.96 and a quick ratio of 4.67.

Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.11. The company had revenue of $503.40 million for the quarter, compared to analyst estimates of $472.86 million. Teradyne had a net margin of 21.11% and a return on equity of 22.39%. The company’s revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. sell-side analysts predict that Teradyne, Inc. will post 2.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, November 29th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Tuesday, November 28th. Teradyne’s payout ratio is presently 13.08%.

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About Teradyne

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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