Swiss National Bank raised its holdings in shares of Teradyne, Inc. (NYSE:TER) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 333,500 shares of the semiconductor company’s stock after purchasing an additional 6,800 shares during the quarter. Swiss National Bank’s holdings in Teradyne were worth $15,981,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TER. Exane Derivatives purchased a new stake in Teradyne during the first quarter valued at about $36,000. Zions Bancorporation N.A. purchased a new stake in shares of Teradyne in the first quarter worth about $50,000. SevenBridge Financial Group LLC lifted its holdings in shares of Teradyne by 146.9% in the second quarter. SevenBridge Financial Group LLC now owns 2,185 shares of the semiconductor company’s stock worth $105,000 after buying an additional 1,300 shares in the last quarter. ETF Managers Group LLC lifted its holdings in shares of Teradyne by 11.5% in the first quarter. ETF Managers Group LLC now owns 3,147 shares of the semiconductor company’s stock worth $125,000 after buying an additional 325 shares in the last quarter. Finally, NEXT Financial Group Inc lifted its holdings in shares of Teradyne by 117.4% in the second quarter. NEXT Financial Group Inc now owns 3,261 shares of the semiconductor company’s stock worth $156,000 after buying an additional 1,761 shares in the last quarter.
In other Teradyne news, Director Marilyn Matz sold 500 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $57.00, for a total transaction of $28,500.00. Following the transaction, the director now directly owns 9,342 shares in the company, valued at $532,494. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Charles Jeffrey Gray sold 6,955 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $57.14, for a total transaction of $397,408.70. Following the transaction, the vice president now owns 28,000 shares in the company, valued at $1,599,920. The disclosure for this sale can be found here. Insiders sold 34,570 shares of company stock worth $1,978,796 over the last ninety days. 0.49% of the stock is currently owned by insiders.
Teradyne (NYSE:TER) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. The business had revenue of $564.00 million for the quarter, compared to the consensus estimate of $536.72 million. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. Teradyne’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $0.59 earnings per share. On average, equities analysts anticipate that Teradyne, Inc. will post 2.25 earnings per share for the current year.
A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus downgraded shares of Teradyne from a “buy” rating to a “hold” rating and increased their price target for the stock from $52.00 to $53.00 in a report on Thursday, July 25th. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating and set a $55.00 price target on the stock in a report on Friday, April 26th. Northland Securities reissued a “hold” rating on shares of Teradyne in a report on Monday, July 22nd. Finally, Credit Suisse Group increased their price target on shares of Teradyne from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Nine research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $48.00.
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.
See Also: Reverse Stock Split
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).
Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.