USA Financial Portformulas Corp Has $673,000 Position in Teradyne, Inc. (TER)

USA Financial Portformulas Corp lowered its position in Teradyne, Inc. (NYSE:TER) by 12.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,410 shares of the semiconductor company’s stock after selling 3,111 shares during the quarter. USA Financial Portformulas Corp’s holdings in Teradyne were worth $673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in TER. JPMorgan Chase & Co. grew its holdings in shares of Teradyne by 238.2% in the second quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock valued at $116,451,000 after purchasing an additional 2,731,167 shares during the period. BlackRock Inc. grew its holdings in shares of Teradyne by 13.3% in the second quarter. BlackRock Inc. now owns 20,807,353 shares of the semiconductor company’s stock valued at $624,846,000 after purchasing an additional 2,437,869 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Teradyne by 71.0% in the second quarter. Wells Fargo & Company MN now owns 4,293,075 shares of the semiconductor company’s stock valued at $128,922,000 after purchasing an additional 1,781,854 shares during the period. Coatue Management LLC purchased a new stake in shares of Teradyne in the second quarter valued at about $39,545,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Teradyne by 200.9% in the second quarter. Renaissance Technologies LLC now owns 1,886,700 shares of the semiconductor company’s stock valued at $56,658,000 after purchasing an additional 1,259,599 shares during the period. 93.11% of the stock is owned by hedge funds and other institutional investors.

Shares of Teradyne, Inc. (TER) traded down 0.41% during mid-day trading on Wednesday, hitting $38.91. 442,675 shares of the stock traded hands. Teradyne, Inc. has a one year low of $20.22 and a one year high of $39.30. The company has a market cap of $7.70 billion, a P/E ratio of 20.08 and a beta of 0.98. The stock has a 50 day moving average price of $36.56 and a 200-day moving average price of $34.37.

Teradyne (NYSE:TER) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.04. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The business had revenue of $697.00 million during the quarter, compared to analysts’ expectations of $683.66 million. During the same quarter in the previous year, the business earned $0.55 EPS. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, analysts forecast that Teradyne, Inc. will post $1.98 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 7th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Wednesday, September 6th. Teradyne’s payout ratio is currently 14.51%.

ILLEGAL ACTIVITY WARNING: “USA Financial Portformulas Corp Has $673,000 Position in Teradyne, Inc. (TER)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be read at https://ledgergazette.com/2017/10/18/usa-financial-portformulas-corp-has-673000-position-in-teradyne-inc-ter.html.

In other news, Director Michael A. Bradley sold 22,168 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $35.64, for a total transaction of $790,067.52. Following the completion of the sale, the director now owns 194,938 shares in the company, valued at approximately $6,947,590.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brad Robbins sold 15,892 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $34.54, for a total value of $548,909.68. Following the sale, the insider now owns 19,171 shares of the company’s stock, valued at approximately $662,166.34. The disclosure for this sale can be found here. Insiders have sold a total of 141,698 shares of company stock valued at $5,012,857 in the last quarter. Company insiders own 0.62% of the company’s stock.

A number of brokerages recently issued reports on TER. BidaskClub lowered shares of Teradyne from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. KeyCorp raised shares of Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 target price on the stock in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Teradyne from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a research report on Thursday, July 27th. Citigroup Inc. reaffirmed a “buy” rating and issued a $43.00 target price on shares of Teradyne in a research report on Tuesday, September 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Teradyne

Several other institutional investors and hedge funds have also recently made changes to their positions in TER. JPMorgan Chase & Co. grew its holdings in shares of Teradyne by 238.2% in the second quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock valued at $116,451,000 after purchasing an additional 2,731,167 shares during the period. BlackRock Inc. grew its holdings in shares of Teradyne by 13.3% in the second quarter. BlackRock Inc. now owns 20,807,353 shares of the semiconductor company’s stock valued at $624,846,000 after purchasing an additional 2,437,869 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Teradyne by 71.0% in the second quarter. Wells Fargo & Company MN now owns 4,293,075 shares of the semiconductor company’s stock valued at $128,922,000 after purchasing an additional 1,781,854 shares during the period. Coatue Management LLC purchased a new stake in shares of Teradyne in the second quarter valued at about $39,545,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Teradyne by 200.9% in the second quarter. Renaissance Technologies LLC now owns 1,886,700 shares of the semiconductor company’s stock valued at $56,658,000 after purchasing an additional 1,259,599 shares during the period. 93.11% of the stock is owned by hedge funds and other institutional investors.

Shares of Teradyne, Inc. (TER) traded down 0.41% during mid-day trading on Wednesday, hitting $38.91. 442,675 shares of the stock traded hands. Teradyne, Inc. has a one year low of $20.22 and a one year high of $39.30. The company has a market cap of $7.70 billion, a P/E ratio of 20.08 and a beta of 0.98. The stock has a 50 day moving average price of $36.56 and a 200-day moving average price of $34.37.

Teradyne (NYSE:TER) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.04. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The business had revenue of $697.00 million during the quarter, compared to analysts’ expectations of $683.66 million. During the same quarter in the previous year, the business earned $0.55 EPS. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, analysts forecast that Teradyne, Inc. will post $1.98 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 7th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Wednesday, September 6th. Teradyne’s payout ratio is currently 14.51%.

ILLEGAL ACTIVITY WARNING: “USA Financial Portformulas Corp Has $673,000 Position in Teradyne, Inc. (TER)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be read at https://ledgergazette.com/2017/10/18/usa-financial-portformulas-corp-has-673000-position-in-teradyne-inc-ter.html.

In other news, Director Michael A. Bradley sold 22,168 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $35.64, for a total transaction of $790,067.52. Following the completion of the sale, the director now owns 194,938 shares in the company, valued at approximately $6,947,590.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brad Robbins sold 15,892 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $34.54, for a total value of $548,909.68. Following the sale, the insider now owns 19,171 shares of the company’s stock, valued at approximately $662,166.34. The disclosure for this sale can be found here. Insiders have sold a total of 141,698 shares of company stock valued at $5,012,857 in the last quarter. Company insiders own 0.62% of the company’s stock.

A number of brokerages recently issued reports on TER. BidaskClub lowered shares of Teradyne from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. KeyCorp raised shares of Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 target price on the stock in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Teradyne from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a research report on Thursday, July 27th. Citigroup Inc. reaffirmed a “buy” rating and issued a $43.00 target price on shares of Teradyne in a research report on Tuesday, September 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Teradyne in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $36.83.

Teradyne 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, communications, and aerospace and defense industries.

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Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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