Great Lakes Advisors LLC Has $5,281,000 Stake in Teradyne Inc. (TER)
Great Lakes Advisors LLC decreased its stake in Teradyne Inc. (NYSE:TER) by 16.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,735 shares of the company’s stock after selling 48,966 shares during the period. Great Lakes Advisors LLC’s holdings in Teradyne were worth $5,281,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Metropolitan Life Insurance Co. NY raised its stake in Teradyne by 2.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 185,488 shares of the company’s stock valued at $4,005,000 after buying an additional 4,232 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Teradyne by 151.7% in the first quarter. Squarepoint Ops LLC now owns 50,033 shares of the company’s stock valued at $1,080,000 after buying an additional 30,155 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Teradyne by 101.3% in the second quarter. BNP Paribas Arbitrage SA now owns 141,031 shares of the company’s stock valued at $2,777,000 after buying an additional 70,985 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Teradyne by 23.3% in the second quarter. Fisher Asset Management LLC now owns 370,187 shares of the company’s stock valued at $7,600,000 after buying an additional 70,000 shares in the last quarter. Finally, Cutler Group LP increased its position in shares of Teradyne by 270.3% in the second quarter. Cutler Group LP now owns 5,343 shares of the company’s stock valued at $105,000 after buying an additional 3,900 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of Teradyne Inc. (NYSE:TER) traded down 0.85% during mid-day trading on Wednesday, reaching $24.38. 1,990,873 shares of the company’s stock were exchanged. The company’s market capitalization is $4.91 billion. The company’s 50-day moving average price is $22.97 and its 200-day moving average price is $20.95. Teradyne Inc. has a one year low of $17.34 and a one year high of $25.18.
Teradyne (NYSE:TER) last posted its earnings results on Wednesday, October 26th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $410 million for the quarter, compared to the consensus estimate of $392.38 million. Teradyne had a negative net margin of 6.53% and a positive return on equity of 14.46%. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. On average, equities analysts expect that Teradyne Inc. will post $1.41 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Wednesday, November 30th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Monday, November 28th. Teradyne’s dividend payout ratio (DPR) is -43.64%.
Several research analysts have recently issued reports on TER shares. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, October 28th. Craig Hallum upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Thursday, August 25th. TheStreet upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. BMO Capital Markets dropped their target price on shares of Teradyne from $30.00 to $27.00 and set a “market perform” rating on the stock in a research note on Friday, October 28th. Finally, Cowen and Company upped their target price on shares of Teradyne from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, October 28th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.59.
In other news, Director Michael A. Bradley sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $23.47, for a total value of $234,700.00. Following the sale, the director now directly owns 164,721 shares in the company, valued at approximately $3,866,001.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.76% of the stock is currently owned by insiders.
Teradyne Company Profile
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, computing, communications and aerospace and defense industries.
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