4,900 Shares in Teradyne, Inc. (TER) Acquired by Fiduciary Trust Co.

Fiduciary Trust Co. purchased a new stake in shares of Teradyne, Inc. (NYSE:TER) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,900 shares of the semiconductor company’s stock, valued at approximately $147,000.

Other hedge funds have also recently bought and sold shares of the company. James Investment Research Inc. raised its position in shares of Teradyne by 872.2% during the 2nd quarter. James Investment Research Inc. now owns 48,610 shares of the semiconductor company’s stock valued at $1,460,000 after acquiring an additional 43,610 shares in the last quarter. Paradigm Asset Management Co. LLC raised its position in shares of Teradyne by 193.3% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock valued at $132,000 after acquiring an additional 2,900 shares in the last quarter. Cipher Capital LP raised its position in shares of Teradyne by 47.5% during the 2nd quarter. Cipher Capital LP now owns 118,758 shares of the semiconductor company’s stock valued at $3,566,000 after acquiring an additional 38,247 shares in the last quarter. Cypress Capital Management LLC WY raised its position in shares of Teradyne by 694.4% during the 2nd quarter. Cypress Capital Management LLC WY now owns 10,725 shares of the semiconductor company’s stock valued at $322,000 after acquiring an additional 9,375 shares in the last quarter. Finally, Harbour Capital Advisors LLC raised its position in shares of Teradyne by 2,903.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 45,045 shares of the semiconductor company’s stock valued at $1,500,000 after acquiring an additional 43,545 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of Teradyne, Inc. (NYSE:TER) opened at 36.10 on Wednesday. Teradyne, Inc. has a 12 month low of $20.16 and a 12 month high of $36.86. The firm has a 50-day moving average price of $34.64 and a 200 day moving average price of $33.13. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 18.63 and a beta of 0.94.

Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.04. The business had revenue of $697.00 million for the quarter, compared to analyst estimates of $683.66 million. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. Teradyne’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. On average, analysts anticipate that Teradyne, Inc. will post $1.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 7th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.78%. The ex-dividend date is Wednesday, September 6th. Teradyne’s dividend payout ratio is 14.51%.

In related news, insider Brad Robbins sold 15,892 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $34.54, for a total value of $548,909.68. Following the sale, the insider now owns 19,171 shares of the company’s stock, valued at approximately $662,166.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $1,035,000.00. Following the completion of the sale, the insider now directly owns 248,413 shares in the company, valued at approximately $8,570,248.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,060 shares of company stock worth $3,834,807. 0.62% of the stock is owned by insiders.

Several equities research analysts 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 raised Teradyne from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Friday, August 25th. KeyCorp reissued a “buy” rating and set a $40.00 price target on shares of Teradyne in a research report on Tuesday, September 5th. Finally, Stifel Nicolaus raised Teradyne from a “hold” rating to a “buy” rating and upped their price target for the company from $32.00 to $39.00 in a research report on Wednesday, July 5th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $35.80.

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About Teradyne

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.

Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NYSE:TER).

Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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