Mesirow Financial Investment Management Equity Management held its stake in Teradyne, Inc. (NYSE:TER) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,570 shares of the semiconductor company’s stock at the end of the second quarter. Mesirow Financial Investment Management Equity Management’s holdings in Teradyne were worth $1,128,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC raised 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 bought a new stake in Teradyne during the first quarter worth $121,000. SpiderRock Advisors LLC bought a new stake in Teradyne during the first quarter worth $132,000. TrimTabs Asset Management LLC bought a new stake in Teradyne during the first quarter worth $141,000. Finally, IFP Advisors Inc raised 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. Institutional investors own 93.72% of the company’s stock.
Teradyne, Inc. (NYSE TER) opened at 33.57 on Thursday. The company has a 50 day moving average price of $33.17 and a 200 day moving average price of $32.11. Teradyne, Inc. has a 52-week low of $19.92 and a 52-week high of $36.86. The firm has a market capitalization of $6.67 billion, a P/E ratio of 17.32 and a beta of 0.95.
Teradyne (NYSE:TER) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The business had revenue of $697 million during the quarter, compared to analysts’ expectations of $683.66 million. During the same period in the previous year, the company earned $0.55 EPS. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, equities analysts forecast that Teradyne, Inc. will post $1.97 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the company. BidaskClub raised Teradyne from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 5th. KeyCorp raised Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 price target on the stock in a research report on Thursday, July 27th. Stifel Nicolaus raised 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 report on Wednesday, July 5th. They noted that the move was a valuation call. Finally, Cowen and Company upped their price target on Teradyne from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $35.70.
In related news, insider Brad Robbins sold 15,892 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $34.54, for a total value of $548,909.68. Following the completion of the sale, the insider now directly owns 19,171 shares of the company’s stock, valued at $662,166.34. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark E. Jagiela sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the completion of the sale, the insider now directly owns 248,413 shares of the company’s stock, valued at $8,570,248.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,127 shares of company stock valued at $2,190,650. 0.62% of the stock is owned by corporate 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, communications, and aerospace and defense industries.
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