Two Sigma Securities LLC Reduces Stock Position in Teradyne, Inc. $TER

Two Sigma Securities LLC cut its holdings in Teradyne, Inc. (NASDAQ:TER) by 74.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Leeward Financial Partners LLC purchased a new position in Teradyne during the 2nd quarter valued at about $3,735,000. Legal & General Group Plc bought a new stake in shares of Teradyne during the second quarter valued at about $656,058,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Teradyne in the second quarter worth about $4,826,000. Zweig DiMenna Associates LLC boosted its position in shares of Teradyne by 10.0% in the fourth quarter. Zweig DiMenna Associates LLC now owns 80,629 shares of the company’s stock valued at $15,607,000 after acquiring an additional 7,300 shares during the period. Finally, Griffin Asset Management Inc. bought a new position in shares of Teradyne in the fourth quarter valued at approximately $671,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of TER opened at $335.46 on Wednesday. The firm has a market cap of $52.45 billion, a P/E ratio of 46.02, a P/E/G ratio of 0.71 and a beta of 1.78. Teradyne, Inc. has a 1 year low of $109.56 and a 1 year high of $487.91. The stock has a 50 day simple moving average of $376.53 and a two-hundred day simple moving average of $357.67.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business posted $0.57 EPS. The business’s quarterly revenue was up 103.9% on a year-over-year basis. On average, equities analysts anticipate that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, September 4th. Teradyne’s dividend payout ratio is presently 7.13%.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction dated 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 transaction, the chief executive officer owned 112,495 shares in the company, valued at approximately $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on TER shares. Bank of America upped their price target on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $550.00 price target on shares of Teradyne in a research report on Wednesday, July 29th. Susquehanna boosted their price objective on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a report on Tuesday, June 30th. UBS Group raised their target price on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, Morgan Stanley boosted their price target on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $396.80.

Teradyne 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.