Swiss National Bank lifted its stake in shares of Teradyne, Inc. (NYSE:TER) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and 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 owned 0.19% of Teradyne worth $15,981,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Columbus Circle Investors acquired a new position in shares of Teradyne in the 2nd quarter worth approximately $5,564,000. Envestnet Asset Management Inc. lifted its position in shares of Teradyne by 16.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 91,505 shares of the semiconductor company’s stock worth $4,384,000 after purchasing an additional 12,865 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of Teradyne in the 2nd quarter worth approximately $44,265,000. Morse Asset Management Inc acquired a new position in shares of Teradyne in the 2nd quarter worth approximately $987,000. Finally, Nkcfo LLC acquired a new position in shares of Teradyne in the 2nd quarter worth approximately $192,000.
Teradyne stock opened at $51.99 on Friday. The company has a quick ratio of 3.76, a current ratio of 4.10 and a debt-to-equity ratio of 0.23. Teradyne, Inc. has a 12-month low of $28.73 and a 12-month high of $58.61. The firm’s fifty day moving average is $50.95 and its 200 day moving average is $45.24. The company has a market capitalization of $8.84 billion, a PE ratio of 22.22, a PEG ratio of 2.02 and a beta of 1.25.
Teradyne (NYSE:TER) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.04. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The company had revenue of $564.00 million for the quarter, compared to the consensus estimate of $536.72 million. During the same quarter in the previous year, the company earned $0.59 EPS. Teradyne’s quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts expect that Teradyne, Inc. will post 2.25 EPS for the current fiscal year.
In other Teradyne news, VP Charles Jeffrey Gray sold 6,955 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Marilyn Matz sold 500 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $57.00, for a total transaction of $28,500.00. Following the transaction, the director now owns 9,342 shares in the company, valued at approximately $532,494. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,570 shares of company stock worth $1,978,796. Corporate insiders own 0.49% of the company’s stock.
A number of research analysts have recently issued reports on TER shares. Stifel Nicolaus downgraded shares of Teradyne from a “buy” rating to a “hold” rating and boosted their price target for the stock from $52.00 to $53.00 in a research report on Thursday, July 25th. Northland Securities reiterated a “hold” rating on shares of Teradyne in a research report on Monday, July 22nd. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating and set a $55.00 target price on the stock in a research report on Friday, April 26th. Finally, Credit Suisse Group boosted their target price on shares of Teradyne from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target 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.
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