Two Sigma Securities LLC reduced its stake in Teradyne, Inc. (NASDAQ:TER – Free Report) by 74.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,525 shares of the company’s stock after selling 4,353 shares during the period. Two Sigma Securities LLC’s holdings in Teradyne were worth $738,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Teradyne in the 2nd quarter worth $9,404,408,000. Andar Capital Management HK Ltd bought a new stake in Teradyne during the 2nd quarter valued at $37,800,000. State Street Corp raised its holdings in Teradyne by 0.9% during the fourth quarter. State Street Corp now owns 7,078,635 shares of the company’s stock worth $1,370,141,000 after buying an additional 60,986 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Teradyne by 3.0% during the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock worth $442,413,000 after buying an additional 143,058 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Teradyne by 18.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock valued at $813,640,000 after buying an additional 659,273 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.
Insiders Place Their Bets
In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on TER
Teradyne Stock Performance
Shares of NASDAQ:TER opened at $335.46 on Wednesday. The company has a market capitalization of $52.45 billion, a P/E ratio of 46.02, a price-to-earnings-growth ratio of 0.71 and a beta of 1.78. The company’s 50-day moving average is $376.53 and its 200 day moving average is $357.67. Teradyne, Inc. has a fifty-two week low of $109.56 and a fifty-two week high of $487.91.
Teradyne (NASDAQ:TER – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm’s quarterly revenue was up 103.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. As a group, research analysts predict that Teradyne, Inc. will post 9.1 earnings per share for the current year.
Teradyne Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a $0.13 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.52 annualized dividend and a yield of 0.2%. Teradyne’s dividend payout ratio is presently 7.13%.
Teradyne Company Profile
Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.
The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.
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