Teradyne, Inc. (TER) Holdings Lifted by Origin Asset Management LLP
Origin Asset Management LLP raised its stake in shares of Teradyne, Inc. (NYSE:TER) by 14.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 422,464 shares of the semiconductor company’s stock after buying an additional 52,000 shares during the quarter. Origin Asset Management LLP owned about 0.21% of Teradyne worth $12,687,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of TER. Segantii Capital Management Ltd purchased a new position in Teradyne during the 1st quarter valued at about $121,000. Paradigm Asset Management Co. LLC grew its holdings in Teradyne by 193.3% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock valued at $132,000 after buying an additional 2,900 shares in the last quarter. IFP Advisors Inc grew its holdings in Teradyne by 4.6% during the 2nd quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 211 shares in the last quarter. Fiduciary Trust Co. purchased a new position in Teradyne during the 2nd quarter valued at about $147,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Teradyne by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,228 shares of the semiconductor company’s stock valued at $217,000 after buying an additional 660 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.
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Shares of Teradyne, Inc. (TER) traded down 0.983% during mid-day trading on Wednesday, hitting $35.745. The stock had a trading volume of 660,848 shares. The company has a market cap of $7.07 billion, a PE ratio of 18.444 and a beta of 0.94. The stock’s 50-day moving average is $34.64 and its 200 day moving average is $33.13. Teradyne, Inc. has a 12 month low of $20.16 and a 12 month high of $36.86.
Teradyne (NYSE:TER) last released 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 business had revenue of $697.00 million during the quarter, compared to analysts’ expectations of $683.66 million. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. On average, equities research analysts forecast that Teradyne, Inc. will post $1.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Wednesday, September 6th. Teradyne’s dividend payout ratio is presently 14.51%.
In other Teradyne news, Director Michael A. Bradley sold 22,168 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $35.64, for a total transaction of $790,067.52. Following the completion of the transaction, the director now owns 194,938 shares in the company, valued at approximately $6,947,590.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edwin J. Gillis sold 41,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $35.63, for a total value of $1,460,830.00. Following the transaction, the director now owns 49,638 shares of the company’s stock, valued at approximately $1,768,601.94. The disclosure for this sale can be found here. Insiders have sold a total of 109,060 shares of company stock valued at $3,834,807 in the last 90 days. 0.62% of the stock is currently owned by company insiders.
A number of research analysts have weighed in on the company. BidaskClub lowered Teradyne from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Teradyne in a report on Friday, September 1st. KeyCorp raised Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 target price for the company in a report on Thursday, July 27th. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Friday, September 8th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Teradyne in a research report on Thursday, July 27th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Teradyne presently has an average rating of “Buy” and an average price target of $35.80.
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, communications, and aerospace and defense industries.
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