303,658 Shares in Teradyne, Inc. (NYSE:TER) Purchased by Cookson Peirce & Co. Inc.

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Cookson Peirce & Co. Inc. acquired a new position in shares of Teradyne, Inc. (NYSE:TER) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 303,658 shares of the semiconductor company’s stock, valued at approximately $17,585,000. Teradyne accounts for 1.5% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 27th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisors Preferred LLC bought a new position in shares of Teradyne in the second quarter worth about $39,000. Benjamin F. Edwards & Company Inc. raised its holdings in Teradyne by 35.9% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,063 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 281 shares during the last quarter. Smithfield Trust Co. raised its holdings in Teradyne by 1,670.6% in the 3rd quarter. Smithfield Trust Co. now owns 1,505 shares of the semiconductor company’s stock valued at $87,000 after buying an additional 1,420 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Teradyne in the 2nd quarter valued at approximately $91,000. Finally, SevenBridge Financial Group LLC raised its holdings in Teradyne by 146.9% in the 2nd quarter. SevenBridge Financial Group LLC now owns 2,185 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 1,300 shares during the last quarter.

A number of brokerages recently issued reports on TER. Citigroup raised their price objective on shares of Teradyne from $66.00 to $73.00 and gave the company a “buy” rating in a report on Friday, October 25th. DA Davidson raised their price objective on shares of Teradyne to $60.00 and gave the company a “neutral” rating in a report on Friday, October 25th. They noted that the move was a valuation call. Credit Suisse Group raised their price objective on shares of Teradyne from $55.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. UBS Group raised their price objective on shares of Teradyne from $47.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, Deutsche Bank raised their price objective on shares of Teradyne from $55.00 to $60.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $58.09.

In other Teradyne news, Director Michael A. Bradley sold 7,074 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $64.30, for a total transaction of $454,858.20. Following the completion of the sale, the director now owns 40,520 shares of the company’s stock, valued at approximately $2,605,436. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Walter G. Vahey sold 25,012 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $63.62, for a total transaction of $1,591,263.44. Following the sale, the insider now directly owns 52,754 shares of the company’s stock, valued at approximately $3,356,209.48. The disclosure for this sale can be found here. Insiders have sold a total of 46,234 shares of company stock valued at $2,922,166 in the last three months. Insiders own 0.49% of the company’s stock.

NYSE:TER opened at $63.51 on Monday. The company has a market capitalization of $10.64 billion, a PE ratio of 27.14, a P/E/G ratio of 2.02 and a beta of 1.25. The company has a 50 day simple moving average of $60.44 and a two-hundred day simple moving average of $51.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.76 and a current ratio of 4.10. Teradyne, Inc. has a fifty-two week low of $28.73 and a fifty-two week high of $65.44.

Teradyne (NYSE:TER) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The business had revenue of $582.04 million during the quarter, compared to the consensus estimate of $565.43 million. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. Research analysts predict that Teradyne, Inc. will post 2.25 EPS for the current year.

Teradyne Company Profile

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.

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Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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