BlueMountain Capital Management LLC Has $4.61 Million Holdings in Teradyne, Inc. (TER)
BlueMountain Capital Management LLC decreased its position in shares of Teradyne, Inc. (NYSE:TER) by 60.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 121,004 shares of the semiconductor company’s stock after selling 187,479 shares during the quarter. BlueMountain Capital Management LLC’s holdings in Teradyne were worth $4,607,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in TER. ARK Investment Management LLC raised its holdings in Teradyne by 176.2% during the 2nd quarter. ARK Investment Management LLC now owns 1,464,955 shares of the semiconductor company’s stock worth $55,771,000 after purchasing an additional 934,612 shares during the last quarter. KAMES CAPITAL plc raised its holdings in Teradyne by 162.0% during the 2nd quarter. KAMES CAPITAL plc now owns 1,206,360 shares of the semiconductor company’s stock worth $45,914,000 after purchasing an additional 745,968 shares during the last quarter. Prudential Financial Inc. raised its holdings in Teradyne by 55.6% during the 1st quarter. Prudential Financial Inc. now owns 1,297,515 shares of the semiconductor company’s stock worth $59,309,000 after purchasing an additional 463,500 shares during the last quarter. Columbus Circle Investors raised its holdings in Teradyne by 42.8% during the 2nd quarter. Columbus Circle Investors now owns 1,535,739 shares of the semiconductor company’s stock worth $58,466,000 after purchasing an additional 460,339 shares during the last quarter. Finally, Pelorus Jack Capital L.P. bought a new position in Teradyne during the 1st quarter worth approximately $14,841,000. Hedge funds and other institutional investors own 99.43% of the company’s stock.
Several research analysts have issued reports on the stock. Robert W. Baird restated a “buy” rating and set a $46.00 price target on shares of Teradyne in a report on Thursday, July 26th. Needham & Company LLC lifted their price objective on shares of Teradyne from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. DA Davidson lifted their price objective on shares of Teradyne to $45.00 and gave the company a “neutral” rating in a research note on Thursday, July 26th. Cowen lifted their price objective on shares of Teradyne from $40.00 to $45.00 and gave the company a “market perform” rating in a research note on Thursday, July 26th. Finally, ValuEngine lowered shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Teradyne presently has an average rating of “Buy” and a consensus target price of $47.69.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Tuesday, July 24th. The semiconductor company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.10. The business had revenue of $527.00 million during the quarter, compared to analyst estimates of $508.52 million. Teradyne had a net margin of 9.29% and a return on equity of 20.82%. Teradyne’s quarterly revenue was down 24.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.90 EPS. analysts forecast that Teradyne, Inc. will post 2.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Wednesday, September 5th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, September 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.91%. Teradyne’s dividend payout ratio (DPR) is presently 15.38%.
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.
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