Caxton Associates LP acquired a new position in Teradyne, Inc. (NYSE:TER) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,800 shares of the semiconductor company’s stock, valued at approximately $444,000.
Other institutional investors have also added to or reduced their stakes in the company. Paradigm Asset Management Co. LLC boosted its holdings in 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 purchasing an additional 2,900 shares during the period. IFP Advisors Inc boosted its holdings in 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 purchasing an additional 211 shares during the period. Fiduciary Trust Co. acquired a new position in Teradyne in the second quarter worth $147,000. TLP Group LLC acquired a new position in Teradyne in the second quarter worth $201,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Teradyne by 6.7% in the first quarter. PNC Financial Services Group Inc. now owns 7,207 shares of the semiconductor company’s stock worth $224,000 after purchasing an additional 454 shares during the period. 93.11% of the stock is owned by hedge funds and other institutional investors.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The firm had revenue of $697.00 million for the quarter, compared to analysts’ expectations of $683.66 million. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The business’s revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 7th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Wednesday, September 6th. Teradyne’s payout ratio is presently 14.51%.
In other news, insider Brad Robbins sold 15,892 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $34.54, for a total transaction of $548,909.68. Following the sale, the insider now owns 19,171 shares in the company, valued at $662,166.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark E. Jagiela sold 30,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $34.50, for a total value of $1,035,000.00. Following the sale, the insider now owns 248,413 shares in the company, valued at approximately $8,570,248.50. The disclosure for this sale can be found here. Insiders have sold 141,698 shares of company stock worth $5,012,857 in the last 90 days. Company insiders own 0.62% of the company’s stock.
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TER has been the subject of a number of research reports. BidaskClub downgraded shares of Teradyne from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Cowen and Company set a $41.00 price objective on shares of Teradyne and gave the stock a “buy” rating in a report on Friday, July 28th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Teradyne in a report on Thursday, July 27th. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Friday, August 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Teradyne in a report on Friday, September 1st. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $36.83.
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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