Advisors Asset Management Inc. Reduces Position in Teradyne Inc. (TER)
Advisors Asset Management Inc. lowered its position in shares of Teradyne Inc. (NYSE:TER) by 19.2% during the second quarter, Holdings Channel reports. The firm owned 12,704 shares of the company’s stock after selling 3,027 shares during the period. Advisors Asset Management Inc.’s holdings in Teradyne were worth $250,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of TER. Cutler Group LP boosted its stake in shares of Teradyne by 270.3% in the second quarter. Cutler Group LP now owns 5,343 shares of the company’s stock worth $105,000 after buying an additional 3,900 shares during the last quarter. CIBC World Markets Inc. bought a new stake in shares of Teradyne during the second quarter worth approximately $209,000. Calvert Investment Management Inc. boosted its stake in shares of Teradyne by 12.5% in the second quarter. Calvert Investment Management Inc. now owns 10,905 shares of the company’s stock worth $215,000 after buying an additional 1,214 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Teradyne during the second quarter worth approximately $229,000. Finally, Acrospire Investment Management LLC bought a new stake in shares of Teradyne during the first quarter worth approximately $237,000. Institutional investors own 91.42% of the company’s stock.
Teradyne Inc. (NYSE:TER) traded up 0.05% during midday trading on Monday, hitting $21.59. The stock had a trading volume of 394,619 shares. The firm has a 50-day moving average of $20.94 and a 200-day moving average of $20.26. The company’s market cap is $4.37 billion. Teradyne Inc. has a 12-month low of $17.34 and a 12-month high of $21.84.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The business earned $532 million during the quarter, compared to analysts’ expectations of $526.75 million. Teradyne had a positive return on equity of 14.84% and a negative net margin of 5.88%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. Equities research analysts forecast that Teradyne Inc. will post $1.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 7th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.11%. Teradyne’s dividend payout ratio (DPR) is presently -46.15%.
A number of brokerages have commented on TER. Craig Hallum upgraded Teradyne from a “hold” rating to a “buy” rating in a research report on Thursday, August 25th. TheStreet cut Teradyne from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Stifel Nicolaus cut Teradyne from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. They noted that the move was a valuation call. Zacks Investment Research upgraded Teradyne from a “sell” rating to a “hold” rating in a research report on Thursday, June 9th. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $20.50 target price on shares of Teradyne in a research report on Friday, July 29th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.50.
In related news, Director Michael A. Bradley sold 15,000 shares of Teradyne stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $21.39, for a total value of $320,850.00. Following the completion of the transaction, the director now owns 164,721 shares in the company, valued at approximately $3,523,382.19. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael A. Bradley sold 31,502 shares of Teradyne stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $21.19, for a total value of $667,527.38. Following the completion of the transaction, the director now owns 171,223 shares of the company’s stock, valued at approximately $3,628,215.37. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.
Teradyne Company 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, computing, communications and aerospace and defense industries.
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