Teradyne, Inc. (TER) Shares Bought by People s United Financial Inc.
People s United Financial Inc. lifted its stake in Teradyne, Inc. (NYSE:TER) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,148 shares of the semiconductor company’s stock after acquiring an additional 316 shares during the quarter. People s United Financial Inc.’s holdings in Teradyne were worth $545,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in TER. Paradigm Asset Management Co. LLC grew its stake in shares of Teradyne by 193.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 2,900 shares during the period. IFP Advisors Inc grew its stake in shares of Teradyne by 4.6% in the second quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock worth $144,000 after acquiring an additional 211 shares during the period. Fiduciary Trust Co. bought a new stake in shares of Teradyne in the second quarter worth approximately $147,000. TLP Group LLC bought a new stake in shares of Teradyne in the second quarter worth approximately $201,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Teradyne by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,228 shares of the semiconductor company’s stock worth $217,000 after acquiring an additional 660 shares during the period. Hedge funds and other institutional investors own 93.10% of the company’s stock.
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A number of analysts have recently commented on TER shares. BidaskClub lowered shares of Teradyne from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Stifel Nicolaus upgraded shares of Teradyne from a “hold” rating to a “buy” rating and lifted 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. Zacks Investment Research lowered shares of Teradyne from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. KeyCorp upgraded shares of Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 price target for the company in a research note on Thursday, July 27th. Finally, Credit Suisse Group reiterated a “neutral” rating on shares of Teradyne in a research note on Thursday, July 27th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Teradyne presently has an average rating of “Buy” and an average price target of $36.83.
Teradyne, Inc. (NYSE:TER) opened at 37.90 on Friday. The firm’s 50-day moving average is $35.93 and its 200 day moving average is $34.04. The stock has a market cap of $7.50 billion, a P/E ratio of 19.56 and a beta of 0.98. Teradyne, Inc. has a one year low of $20.22 and a one year high of $38.10.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $697.00 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. On average, analysts anticipate that Teradyne, Inc. will post $1.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 7th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.74%. Teradyne’s payout ratio is 14.51%.
In other news, Director Michael A. Bradley sold 17,390 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $36.30, for a total transaction of $631,257.00. Following the sale, the director now owns 154,132 shares of the company’s stock, valued at approximately $5,594,991.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael A. Bradley sold 15,248 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $35.86, for a total transaction of $546,793.28. Following the sale, the director now directly owns 172,322 shares in the company, valued at approximately $6,179,466.92. The disclosure for this sale can be found here. Insiders have sold a total of 141,698 shares of company stock worth $5,012,857 in the last ninety days. Corporate 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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