Schroder Investment Management Group increased its position in shares of Teradyne Inc. (NYSE:TER) by 352.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,700 shares of the company’s stock after buying an additional 6,000 shares during the period. Schroder Investment Management Group’s holdings in Teradyne were worth $151,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Cutler Group LP raised its position in shares of Teradyne by 270.3% in the second quarter. Cutler Group LP now owns 5,343 shares of the company’s stock worth $105,000 after buying an additional 3,900 shares in the last quarter. CIBC World Markets Inc. bought a new position in shares of Teradyne during the second quarter worth about $209,000. Calvert Investment Management Inc. raised its position in shares of Teradyne by 12.5% in the second quarter. Calvert Investment Management Inc. now owns 10,905 shares of the company’s stock worth $215,000 after buying an additional 1,214 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Teradyne during the second quarter worth about $229,000. Finally, Acrospire Investment Management LLC bought a new position in shares of Teradyne during the first quarter worth about $237,000. Hedge funds and other institutional investors own 91.42% of the company’s stock.
Shares of Teradyne Inc. (NYSE:TER) traded down 1.565% during trading on Thursday, hitting $21.075. The stock had a trading volume of 422,985 shares. The firm has a 50 day moving average of $20.86 and a 200 day moving average of $20.24. The company’s market capitalization is $4.26 billion. Teradyne Inc. has a 1-year low of $17.34 and a 1-year high of $21.84.
Teradyne (NYSE:TER) last announced its earnings results on Wednesday, July 27th. The company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.05. Teradyne had a positive return on equity of 14.84% and a negative net margin of 5.88%. The company earned $532 million during the quarter, compared to analyst estimates of $526.75 million. During the same period last year, the company posted $0.53 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts expect that Teradyne Inc. will post $1.26 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, September 7th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.12%. Teradyne’s dividend payout ratio (DPR) is presently -46.15%.
A number of equities analysts recently issued reports on the stock. Craig Hallum upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Thursday, August 25th. TheStreet lowered shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Stifel Nicolaus downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Teradyne from a “sell” rating to a “hold” rating in a report on Thursday, June 9th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $20.50 price target on shares of Teradyne in a report on Friday, July 29th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Teradyne has a consensus rating of “Buy” and an average target price of $22.50.
In related news, Director Michael A. Bradley sold 64,650 shares of Teradyne stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $20.93, for a total value of $1,353,124.50. Following the completion of the sale, the director now directly owns 224,371 shares in the company, valued at $4,696,085.03. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael A. Bradley sold 31,502 shares of Teradyne stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $21.19, for a total value of $667,527.38. Following the completion of the sale, the director now owns 171,223 shares of the company’s stock, valued at $3,628,215.37. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.
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, computing, communications and aerospace and defense industries.
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