Teradyne, Inc. (NYSE:TER) Position Cut by Retirement Systems of Alabama
Retirement Systems of Alabama lowered its position in shares of Teradyne, Inc. (NYSE:TER) by 25.2% during the second quarter, Holdings Channel reports. The institutional investor owned 421,479 shares of the semiconductor company’s stock after selling 142,113 shares during the period. Retirement Systems of Alabama’s holdings in Teradyne were worth $12,657,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Quadrant Capital Group LLC boosted its stake in Teradyne by 3.0% in the first quarter. Quadrant Capital Group LLC now owns 3,477 shares of the semiconductor company’s stock worth $106,000 after buying an additional 101 shares in the last quarter. Segantii Capital Management Ltd acquired a new stake in Teradyne during the first quarter worth approximately $121,000. SpiderRock Advisors LLC acquired a new stake in Teradyne during the first quarter worth approximately $132,000. TrimTabs Asset Management LLC acquired a new stake in Teradyne during the first quarter worth approximately $141,000. Finally, IFP Advisors Inc boosted its stake in Teradyne by 305.2% in the first quarter. IFP Advisors Inc now owns 4,595 shares of the semiconductor company’s stock worth $143,000 after buying an additional 3,461 shares in the last quarter. 93.72% of the stock is currently owned by institutional investors and hedge funds.
Teradyne, Inc. (TER) opened at 33.57 on Thursday. Teradyne, Inc. has a 12 month low of $19.92 and a 12 month high of $36.86. The firm’s 50 day moving average price is $33.17 and its 200 day moving average price is $32.11. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 17.32 and a beta of 0.95.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.04. The business had revenue of $697 million during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.55 EPS. On average, equities research analysts predict that Teradyne, Inc. will post $1.97 EPS for the current fiscal year.
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TER has been the topic of a number of recent analyst reports. ValuEngine raised Teradyne from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Needham & Company LLC lifted their target price on Teradyne from $32.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Deutsche Bank AG lifted their target price on Teradyne from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, April 24th. BidaskClub cut Teradyne from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, Stifel Nicolaus raised Teradyne from a “hold” rating to a “buy” rating and lifted their target price for the stock from $32.00 to $39.00 in a report 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 thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $35.70.
In other news, insider Brad Robbins sold 15,892 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were 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 in the company, valued at approximately $662,166.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael A. Bradley sold 9,235 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $35.32, for a total transaction of $326,180.20. Following the sale, the director now owns 195,405 shares of the company’s stock, valued at approximately $6,901,704.60. The disclosure for this sale can be found here. Insiders have sold a total of 63,127 shares of company stock valued at $2,190,650 in the last 90 days. Insiders own 0.62% of the company’s stock.
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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