Retirement Systems of Alabama cut its position in shares of Teradyne Inc. (NYSE:TER) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 262,092 shares of the company’s stock after selling 1,390 shares during the period. Retirement Systems of Alabama’s holdings in Teradyne were worth $5,161,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TER. 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 during the last quarter. CIBC World Markets Inc. bought a new position in Teradyne during the second quarter valued at approximately $209,000. Meeder Asset Management Inc. bought a new position in Teradyne during the second quarter valued at approximately $229,000. LS Investment Advisors LLC raised its position in Teradyne by 70.0% in the second quarter. LS Investment Advisors LLC now owns 12,305 shares of the company’s stock valued at $242,000 after buying an additional 5,068 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in Teradyne during the first quarter valued at approximately $262,000. Institutional investors own 91.42% of the company’s stock.
Teradyne Inc. (NYSE:TER) traded up 1.19% during trading on Friday, reaching $21.20. The company’s stock had a trading volume of 1,829,764 shares. Teradyne Inc. has a 1-year low of $17.34 and a 1-year high of $22.13. The company’s market capitalization is $4.29 billion. The company’s 50-day moving average is $21.16 and its 200-day moving average is $20.30.
Teradyne (NYSE:TER) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $532 million for the quarter, compared to the consensus estimate of $526.75 million. Teradyne had a positive return on equity of 14.84% and a negative net margin of 5.88%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. Equities analysts anticipate that Teradyne Inc. will post $1.26 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 7th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.13%. Teradyne’s dividend payout ratio (DPR) is -46.15%.
Several research analysts have recently commented on TER shares. Zacks Investment Research lowered Teradyne from a “hold” rating to a “sell” rating in a report on Friday, July 29th. Needham & Company LLC started coverage on Teradyne in a report on Thursday, July 7th. They set a “buy” rating and a $23.00 price target on the stock. Deutsche Bank AG reduced their price target on Teradyne from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, July 29th. DA Davidson lifted their price target on Teradyne from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Pacific Crest reiterated a “hold” rating on shares of Teradyne in a report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $22.50.
In other news, Director Michael A. Bradley sold 15,000 shares of the stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $21.39, for a total value of $320,850.00. Following the completion of the sale, the director now owns 164,721 shares in the company, valued at $3,523,382.19. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael A. Bradley sold 31,502 shares of the stock in a transaction dated Monday, August 29th. The shares were 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 approximately $3,628,215.37. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.
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, computing, communications and aerospace and defense industries.
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