Nationwide Fund Advisors Increases Stake in Teradyne, Inc. (TER)

Nationwide Fund Advisors grew its holdings in shares of Teradyne, Inc. (NYSE:TER) by 14.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 807,941 shares of the semiconductor company’s stock after buying an additional 100,281 shares during the period. Nationwide Fund Advisors owned 0.41% of Teradyne worth $24,262,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Segantii Capital Management Ltd bought a new stake in shares of Teradyne during the 1st quarter valued at $121,000. Paradigm Asset Management Co. LLC boosted its holdings in shares of Teradyne by 193.3% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock valued at $132,000 after buying an additional 2,900 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Teradyne by 4.6% during the 2nd quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 211 shares in the last quarter. Fiduciary Trust Co. bought a new stake in shares of Teradyne during the 2nd quarter valued at $147,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Teradyne by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,228 shares of the semiconductor company’s stock valued at $217,000 after buying an additional 660 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Teradyne, Inc. (NYSE:TER) opened at 36.87 on Friday. Teradyne, Inc. has a 12 month low of $20.22 and a 12 month high of $36.94. The firm has a 50-day moving average price of $34.69 and a 200-day moving average price of $33.28. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 19.02 and a beta of 0.94.

Teradyne (NYSE:TER) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping 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 $697.00 million during the quarter, compared to analysts’ expectations of $683.66 million. During the same period last year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. Equities research analysts expect that Teradyne, Inc. will post $1.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 7th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Wednesday, September 6th. Teradyne’s payout ratio is 14.51%.

In other news, Director Michael A. Bradley sold 22,168 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $35.64, for a total value of $790,067.52. Following the completion of the transaction, the director now directly owns 194,938 shares in the company, valued at $6,947,590.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brad Robbins sold 15,892 shares of the firm’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 completion of the transaction, the insider now owns 19,171 shares of the company’s stock, valued at $662,166.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,698 shares of company stock valued at $5,012,857. Company insiders own 0.62% of the company’s stock.

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TER has been the topic of a number of research reports. Credit Suisse Group restated a “neutral” rating on shares of Teradyne in a report on Thursday, July 27th. Zacks Investment Research cut shares of Teradyne from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub upgraded shares of Teradyne from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Stifel Nicolaus upgraded shares of Teradyne from a “hold” rating to a “buy” rating and boosted their target price for the company from $32.00 to $39.00 in a report on Wednesday, July 5th. They noted that the move was a valuation call. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of Teradyne in a report on Friday, September 1st. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $35.80.

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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