Paloma Partners Management Co Reduces Stake in Teradyne, Inc. (TER)

Paloma Partners Management Co reduced its stake in shares of Teradyne, Inc. (NYSE:TER) by 14.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,609 shares of the semiconductor company’s stock after selling 6,944 shares during the period. Paloma Partners Management Co’s holdings in Teradyne were worth $1,263,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlueCrest Capital Management Ltd acquired a new position in Teradyne during the first quarter valued at approximately $415,000. Nomura Holdings Inc. raised its position in Teradyne by 3,930.5% in the first quarter. Nomura Holdings Inc. now owns 378,869 shares of the semiconductor company’s stock valued at $11,774,000 after buying an additional 369,469 shares during the last quarter. Two Sigma Securities LLC acquired a new position in Teradyne during the first quarter valued at approximately $270,000. Bank of America Corp DE raised its position in Teradyne by 33.3% in the first quarter. Bank of America Corp DE now owns 1,227,214 shares of the semiconductor company’s stock valued at $38,166,000 after buying an additional 306,379 shares during the last quarter. Finally, PEAK6 Investments L.P. raised its position in Teradyne by 30.9% in the first quarter. PEAK6 Investments L.P. now owns 81,143 shares of the semiconductor company’s stock valued at $2,524,000 after buying an additional 19,143 shares during the last quarter. Hedge funds and other institutional investors own 94.25% of the company’s stock.

Shares of Teradyne, Inc. (TER) traded up 0.29% during trading on Friday, reaching $34.48. The company had a trading volume of 4,731,651 shares. The company has a 50 day moving average of $32.96 and a 200-day moving average of $31.67. The firm has a market capitalization of $6.85 billion, a P/E ratio of 17.79 and a beta of 0.93. Teradyne, Inc. has a 52-week low of $19.43 and a 52-week high of $36.86.

Teradyne (NYSE:TER) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share for the quarter, beating the 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 firm had revenue of $697 million for the quarter, compared to analyst estimates of $683.66 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was up 31.1% on a year-over-year basis. Equities analysts expect that Teradyne, Inc. will post $1.94 earnings per share for the current year.

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Several research firms recently commented on TER. Cowen and Company set a $41.00 price target on shares of Teradyne and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus restated a “buy” rating on shares of Teradyne in a report on Thursday. Credit Suisse Group restated a “neutral” rating on shares of Teradyne in a report on Thursday. KeyCorp upgraded shares of Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 price target on the stock in a report on Thursday. Finally, Zacks Investment Research raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $35.40.

In related news, Director Mercedes Johnson sold 8,000 shares of the stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $35.07, for a total transaction of $280,560.00. Following the completion of the transaction, the director now directly owns 14,773 shares in the company, valued at $518,089.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel W. Christman sold 3,232 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $35.65, for a total value of $115,220.80. Following the transaction, the director now directly owns 30,163 shares of the company’s stock, valued at $1,075,310.95. The disclosure for this sale can be found here. Insiders sold 20,467 shares of company stock valued at $721,961 over the last 90 days. Corporate insiders own 0.62% of the company’s stock.

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, communications, and aerospace and defense industries.

Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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