Kalmar Investments Inc. DE Reduces Stake in Teradyne Inc. (TER)
Kalmar Investments Inc. DE lowered its position in shares of Teradyne Inc. (NYSE:TER) by 8.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 916,583 shares of the company’s stock after selling 84,460 shares during the period. Kalmar Investments Inc. DE’s holdings in Teradyne were worth $18,048,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aperio Group LLC raised its position in Teradyne by 14.1% in the first quarter. Aperio Group LLC now owns 36,310 shares of the company’s stock worth $784,000 after buying an additional 4,476 shares in the last quarter. Ngam Advisors L.P. raised its position in Teradyne by 1.5% in the first quarter. Ngam Advisors L.P. now owns 22,554 shares of the company’s stock worth $486,000 after buying an additional 342 shares in the last quarter. BlackRock Inc. raised its position in Teradyne by 11.3% in the first quarter. BlackRock Inc. now owns 91,208 shares of the company’s stock worth $1,969,000 after buying an additional 9,227 shares in the last quarter. JPMorgan Chase & Co. raised its position in Teradyne by 14.3% in the first quarter. JPMorgan Chase & Co. now owns 2,430,603 shares of the company’s stock worth $52,477,000 after buying an additional 303,407 shares in the last quarter. Finally, M&T Bank Corp raised its position in Teradyne by 3.4% in the first quarter. M&T Bank Corp now owns 19,583 shares of the company’s stock worth $422,000 after buying an additional 649 shares in the last quarter. Institutional investors and hedge funds own 91.40% of the company’s stock.
Teradyne Inc. (NYSE:TER) traded up 0.80% on Wednesday, reaching $21.43. 1,641,202 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $21.17 and its 200 day moving average price is $20.27. The firm’s market capitalization is $4.34 billion. Teradyne Inc. has a 52-week low of $17.34 and a 52-week high of $22.13.
Teradyne (NYSE:TER) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.05. The firm had revenue of $532 million for the quarter, compared to analyst estimates of $526.75 million. Teradyne had a negative net margin of 5.88% and a positive return on equity of 14.84%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. On average, analysts predict that Teradyne Inc. will post $1.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 7th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.12%. Teradyne’s dividend payout ratio (DPR) is presently -46.15%.
A number of research analysts recently commented on TER shares. Deutsche Bank AG reiterated a “buy” rating on shares of Teradyne in a research note on Sunday, June 26th. Needham & Company LLC started coverage on shares of Teradyne in a research note on Thursday, July 7th. They set a “buy” rating and a $23.00 price objective on the stock. Zacks Investment Research upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Stifel Nicolaus lowered shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Wednesday, July 20th. They noted that the move was a valuation call. Finally, TheStreet lowered shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $22.50.
In other Teradyne news, Director Michael A. Bradley sold 31,502 shares of the business’s 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 transaction, the director now directly owns 171,223 shares in the company, valued at $3,628,215.37. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael A. Bradley sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $21.39, for a total transaction of $320,850.00. Following the completion of the transaction, the director now owns 164,721 shares in the company, valued at $3,523,382.19. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company 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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