The Tocqueville Asset Management L.P. Has $11,785,000 Position in Teradyne Inc. (TER)

The Tocqueville Asset Management L.P. Has $11,785,000 Position in Teradyne Inc. (TER)

Tocqueville Asset Management L.P. decreased its position in shares of Teradyne Inc. (NYSE:TER) by 19.9% during the third quarter, Holdings Channel reports. The fund owned 546,112 shares of the company’s stock after selling 135,360 shares during the period. Tocqueville Asset Management L.P. owned approximately 0.27% of Teradyne worth $11,785,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Janus Capital Management LLC boosted its position in Teradyne by 0.9% in the second quarter. Janus Capital Management LLC now owns 11,800 shares of the company’s stock valued at $232,000 after buying an additional 100 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in Teradyne by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 20,864 shares of the company’s stock valued at $450,000 after buying an additional 281 shares during the last quarter. Calvert Investment Management Inc. boosted its position in Teradyne by 12.5% in the second quarter. Calvert Investment Management Inc. now owns 10,905 shares of the company’s stock valued at $215,000 after buying an additional 1,214 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Teradyne by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 70,628 shares of the company’s stock valued at $1,524,000 after buying an additional 1,400 shares during the last quarter. Finally, Amalgamated Bank boosted its position in Teradyne by 6.6% in the second quarter. Amalgamated Bank now owns 27,593 shares of the company’s stock valued at $552,000 after buying an additional 1,699 shares during the last quarter. Institutional investors own 92.61% of the company’s stock.

Teradyne Inc. (NYSE:TER) traded up 0.57% on Thursday, reaching $26.33. The company’s stock had a trading volume of 45,170 shares. Teradyne Inc. has a one year low of $17.34 and a one year high of $26.69. The firm has a 50-day moving average of $25.55 and a 200-day moving average of $22.49. The company’s market capitalization is $5.30 billion.

Teradyne (NYSE:TER) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.05. The business had revenue of $410 million for the quarter, compared to analysts’ expectations of $392.38 million. Teradyne had a positive return on equity of 14.46% and a negative net margin of 6.53%. The business’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. Analysts predict that Teradyne Inc. will post $1.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 22nd. Shareholders of record on Wednesday, November 30th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, November 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.92%. Teradyne’s dividend payout ratio is presently -43.64%.

Several equities analysts recently commented on TER shares. Evercore ISI restated a “buy” rating and set a $28.00 target price (up from $25.00) on shares of Teradyne in a research report on Friday, December 16th. Zacks Investment Research cut Teradyne from a “hold” rating to a “sell” rating in a research report on Tuesday. Cowen and Company boosted their target price on Teradyne from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, October 28th. BMO Capital Markets reduced their target price on Teradyne from $30.00 to $27.00 and set a “market perform” rating for the company in a research report on Friday, October 28th. Finally, TheStreet upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Teradyne has a consensus rating of “Buy” and a consensus target price of $24.05.

In other news, insider Brad Robbins sold 4,760 shares of Teradyne stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $26.00, for a total value of $123,760.00. Following the sale, the insider now directly owns 49,315 shares of the company’s stock, valued at $1,282,190. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Bradley sold 10,000 shares of Teradyne stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $23.47, for a total value of $234,700.00. Following the completion of the sale, the director now directly owns 164,721 shares in the company, valued at $3,866,001.87. The disclosure for this sale can be found here. Company insiders own 0.76% 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, computing, communications and aerospace and defense industries.

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