Trexquant Investment LP increased its position in Teradyne, Inc. (NYSE:TER) by 494.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,550 shares of the semiconductor company’s stock after buying an additional 34,565 shares during the period. Trexquant Investment LP’s holdings in Teradyne were worth $1,248,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of TER. BlackRock Inc. boosted its position in shares of Teradyne by 11,980.5% in the first quarter. BlackRock Inc. now owns 18,369,484 shares of the semiconductor company’s stock worth $571,292,000 after buying an additional 18,217,425 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Teradyne by 5.0% in the first quarter. Vanguard Group Inc. now owns 16,743,214 shares of the semiconductor company’s stock worth $520,713,000 after buying an additional 802,000 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Teradyne by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 8,920,206 shares of the semiconductor company’s stock worth $277,418,000 after buying an additional 29,594 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Teradyne by 1.7% in the first quarter. Thrivent Financial For Lutherans now owns 3,236,324 shares of the semiconductor company’s stock worth $100,650,000 after buying an additional 52,890 shares during the last quarter. Finally, Primecap Management Co. CA boosted its position in shares of Teradyne by 3.2% in the first quarter. Primecap Management Co. CA now owns 2,638,600 shares of the semiconductor company’s stock worth $82,060,000 after buying an additional 81,400 shares during the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.
Shares of Teradyne, Inc. (NYSE:TER) traded up 0.39% during mid-day trading on Friday, hitting $33.87. The stock had a trading volume of 1,313,558 shares. The stock has a market cap of $6.70 billion, a P/E ratio of 17.48 and a beta of 0.95. The company’s 50 day moving average price is $33.63 and its 200 day moving average price is $32.40. Teradyne, Inc. has a 12-month low of $20.07 and a 12-month high of $36.86.
Teradyne (NYSE:TER) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.04. The firm had revenue of $697 million for the quarter, compared to analyst estimates of $683.66 million. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. Teradyne’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. Equities research analysts predict that Teradyne, Inc. will post $1.97 EPS for the current fiscal year.
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A number of equities analysts have commented on the company. BidaskClub raised Teradyne from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 5th. KeyCorp upgraded Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 price target for the company in a research report on Thursday, July 27th. Stifel Nicolaus upgraded Teradyne from a “hold” rating to a “buy” rating and increased their price objective 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 increased their price objective on Teradyne from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Teradyne currently has an average rating of “Buy” and an average target price of $35.70.
In other news, Director Michael A. Bradley sold 9,235 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $35.32, for a total value of $326,180.20. Following the completion of the transaction, the director now directly owns 195,405 shares in the company, valued at $6,901,704.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brad Robbins sold 15,892 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $34.54, for a total transaction of $548,909.68. Following the completion of the transaction, the insider now owns 19,171 shares of the company’s stock, valued at $662,166.34. The disclosure for this sale can be found here. Insiders sold 55,127 shares of company stock worth $1,910,090 in the last 90 days. 0.62% of the stock is owned by company 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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