Northern Trust Corp Purchases 4,056 Shares of Teradyne, Inc. (TER)
Northern Trust Corp raised its position in Teradyne, Inc. (NYSE:TER) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,659,297 shares of the semiconductor company’s stock after purchasing an additional 4,056 shares during the quarter. Northern Trust Corp owned approximately 0.83% of Teradyne worth $49,827,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. grew its stake in Teradyne by 5.8% in the second quarter. Pacer Advisors Inc. now owns 28,627 shares of the semiconductor company’s stock valued at $860,000 after purchasing an additional 1,559 shares in the last quarter. Cipher Capital LP grew its stake in Teradyne by 47.5% in the second quarter. Cipher Capital LP now owns 118,758 shares of the semiconductor company’s stock valued at $3,566,000 after purchasing an additional 38,247 shares in the last quarter. Paradigm Asset Management Co. LLC grew its stake in Teradyne by 193.3% in the second 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 in the last quarter. Westpac Banking Corp purchased a new position in Teradyne in the second quarter valued at about $5,465,000. Finally, James Investment Research Inc. grew its stake in Teradyne by 872.2% in the second quarter. James Investment Research Inc. now owns 48,610 shares of the semiconductor company’s stock valued at $1,460,000 after purchasing an additional 43,610 shares in the last quarter. Hedge funds and other institutional investors own 93.10% of the company’s stock.
A number of brokerages have commented on TER. BidaskClub upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Friday, August 25th. KeyCorp reiterated an “outperform” rating and set a $40.00 price target on shares of Teradyne in a research note on Saturday, September 16th. Finally, Stifel Nicolaus upgraded Teradyne from a “hold” rating to a “buy” rating and upped their price target for the stock from $32.00 to $39.00 in a research note on Wednesday, July 5th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Teradyne currently has a consensus rating of “Buy” and a consensus target price of $36.83.
In other news, Director Michael A. Bradley sold 22,168 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $35.64, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael A. Bradley sold 15,248 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $35.86, for a total value of $546,793.28. Following the completion of the transaction, the director now owns 172,322 shares of the company’s stock, valued at approximately $6,179,466.92. The disclosure for this sale can be found here. Insiders sold a total of 141,698 shares of company stock valued at $5,012,857 in the last 90 days. 0.62% of the stock is owned by corporate insiders.
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Teradyne, Inc. (NYSE TER) opened at 37.90 on Friday. Teradyne, Inc. has a 52-week low of $20.22 and a 52-week high of $38.10. The firm has a market cap of $7.50 billion, a PE ratio of 19.56 and a beta of 0.98. The company’s 50 day moving average price is $35.93 and its 200 day moving average price is $34.04.
Teradyne (NYSE:TER) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.04. The company 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%. Teradyne’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. Analysts predict that Teradyne, Inc. will post $1.97 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 7th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Wednesday, September 6th. Teradyne’s payout ratio is 14.51%.
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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