Teradyne, Inc. (TER) Holdings Lowered by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in Teradyne, Inc. (NYSE:TER) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,036 shares of the semiconductor company’s stock after selling 223 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Teradyne were worth $872,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Segantii Capital Management Ltd purchased a new stake in shares of Teradyne in the 1st quarter valued at approximately $121,000. Paradigm Asset Management Co. LLC increased its position in shares of Teradyne by 193.3% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 2,900 shares during the last quarter. IFP Advisors Inc increased its position in shares of Teradyne by 4.6% in the 2nd quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock valued at $144,000 after purchasing an additional 211 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Teradyne by 6.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,207 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 454 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Teradyne by 10.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,228 shares of the semiconductor company’s stock valued at $217,000 after purchasing an additional 660 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.
In related news, Director Michael A. Bradley sold 22,168 shares of Teradyne stock in a transaction on Friday, September 1st. The shares were sold at an average price of $35.64, for a total value of $790,067.52. Following the completion of the sale, the director now owns 194,938 shares in the company, valued at $6,947,590.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brad Robbins sold 15,892 shares of Teradyne stock in a transaction on Friday, July 28th. The stock was sold at an average price of $34.54, for a total transaction of $548,909.68. Following the completion of the sale, the insider now owns 19,171 shares of the company’s stock, valued at approximately $662,166.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,308 shares of company stock valued at $4,381,600. Insiders own 0.62% of the company’s stock.
Teradyne, Inc. (NYSE TER) opened at 36.03 on Thursday. The company has a 50 day moving average of $34.65 and a 200-day moving average of $33.18. The stock has a market capitalization of $7.13 billion, a P/E ratio of 18.59 and a beta of 0.94. Teradyne, Inc. has a 52-week low of $20.16 and a 52-week high of $36.86.
Teradyne (NYSE:TER) last issued its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $697.00 million during the quarter, compared to analyst estimates of $683.66 million. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The business’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. Equities research analysts anticipate that Teradyne, Inc. will post $1.97 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 7th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.78%. Teradyne’s dividend payout ratio (DPR) is presently 14.51%.
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TER has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. BidaskClub downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Cowen and Company set a $41.00 price objective on shares of Teradyne and gave the company a “buy” rating in a research report on Friday, July 28th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Teradyne in a research report on Friday, September 1st. Finally, ValuEngine raised shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $35.80.
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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