Advisory Services Network LLC Sells 556 Shares of Teradyne, Inc. (TER)
Advisory Services Network LLC lowered its stake in shares of Teradyne, Inc. (NYSE:TER) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,898 shares of the semiconductor company’s stock after selling 556 shares during the quarter. Advisory Services Network LLC’s holdings in Teradyne were worth $688,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Teradyne during the 2nd quarter valued at about $610,000. Verition Fund Management LLC increased its stake in shares of Teradyne by 135.2% during the 2nd quarter. Verition Fund Management LLC now owns 41,253 shares of the semiconductor company’s stock valued at $1,239,000 after acquiring an additional 23,716 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Teradyne by 0.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 77,538 shares of the semiconductor company’s stock valued at $2,328,000 after acquiring an additional 592 shares during the last quarter. Castleark Management LLC acquired a new position in shares of Teradyne during the 2nd quarter valued at about $12,652,000. Finally, Nomura Holdings Inc. increased its stake in shares of Teradyne by 6.5% during the 2nd quarter. Nomura Holdings Inc. now owns 403,469 shares of the semiconductor company’s stock valued at $12,130,000 after acquiring an additional 24,600 shares during the last quarter. 93.11% of the stock is owned by institutional investors.
In other Teradyne news, insider Mark E. Jagiela sold 30,000 shares of Teradyne stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $34.50, for a total value of $1,035,000.00. Following the transaction, the insider now directly owns 248,413 shares of the company’s stock, valued at approximately $8,570,248.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Brad Robbins sold 15,892 shares of Teradyne stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $34.54, for a total value of $548,909.68. Following the completion of the transaction, the insider now directly owns 19,171 shares in the company, valued at $662,166.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 141,698 shares of company stock worth $5,012,857. Company insiders own 0.62% of the company’s stock.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.04. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The business had revenue of $697.00 million for the quarter, compared to the consensus estimate of $683.66 million. During the same period last year, the business earned $0.55 EPS. The firm’s revenue was up 31.1% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 7th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Wednesday, September 6th. Teradyne’s dividend payout ratio is currently 14.51%.
A number of research analysts have recently commented on TER shares. Zacks Investment Research downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. BidaskClub downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research note 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 note on Friday, July 28th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Teradyne in a research report on Friday, September 1st. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Teradyne in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Teradyne has a consensus rating of “Buy” and a consensus price target of $36.83.
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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