Calamos Advisors LLC decreased its position in Teradyne Inc. (NYSE:TER) by 94.6% during the second quarter, Holdings Channel reports. The firm owned 10,200 shares of the company’s stock after selling 177,985 shares during the period. Calamos Advisors LLC’s holdings in Teradyne were worth $201,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the company. UBS Group AG boosted its stake in shares of Teradyne by 1.9% in the first quarter. UBS Group AG now owns 372,437 shares of the company’s stock worth $8,041,000 after buying an additional 7,068 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Teradyne by 13.2% in the first quarter. Lazard Asset Management LLC now owns 6,864,105 shares of the company’s stock worth $148,196,000 after buying an additional 801,400 shares in the last quarter. Rafferty Asset Management LLC bought a new stake in shares of Teradyne during the first quarter worth $395,000. State Street Corp boosted its stake in shares of Teradyne by 3.0% in the first quarter. State Street Corp now owns 5,882,377 shares of the company’s stock worth $127,004,000 after buying an additional 173,717 shares in the last quarter. Finally, Pegasus Partners Ltd. bought a new stake in shares of Teradyne during the first quarter worth $733,000. 91.42% of the stock is currently owned by institutional investors.
Teradyne Inc. (NYSE:TER) traded down 0.09% on Friday, reaching $21.82. 1,229,896 shares of the company’s stock traded hands. Teradyne Inc. has a 52 week low of $17.34 and a 52 week high of $21.87. The stock has a 50-day moving average of $21.12 and a 200 day moving average of $20.29. The firm’s market capitalization is $4.41 billion.
Teradyne (NYSE:TER) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The business had revenue of $532 million for the quarter, compared to analyst estimates of $526.75 million. Teradyne had a negative net margin of 5.88% and a positive return on equity of 14.84%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS. On average, equities analysts expect that Teradyne Inc. will post $1.26 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 7th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, September 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.10%. Teradyne’s payout ratio is currently -46.15%.
TER has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Craig Hallum cut shares of Teradyne from a “buy” rating to a “hold” rating and dropped their price target for the company from $22.00 to $21.00 in a research report on Friday, July 29th. DA Davidson lifted their price target on shares of Teradyne from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Pacific Crest reiterated a “hold” rating on shares of Teradyne in a research report on Friday, July 29th. Finally, Deutsche Bank AG dropped their price target on shares of Teradyne from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $22.50.
In other news, Director Michael A. Bradley sold 31,502 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $21.19, for a total transaction of $667,527.38. Following the transaction, the director now directly owns 171,223 shares in the company, valued at approximately $3,628,215.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael A. Bradley sold 15,000 shares of the stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $21.39, for a total transaction of $320,850.00. Following the transaction, the director now owns 164,721 shares in the company, valued at $3,523,382.19. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.
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, computing, communications and aerospace and defense industries.