Beutel Goodman Co Ltd. adds Teradyne (TER) to its portfolio

Teradyne (TER) : Beutel Goodman Co Ltd. added new position in Teradyne during the most recent quarter end. The investment management firm now holds 6,153,071 shares of Teradyne which is valued at $130,198,982 , the company said in a statement filed on Oct 12, 2016 with the SEC.Teradyne makes up approximately 1.25% of Beutel Goodman Co Ltd.’s portfolio.

Other Hedge Funds, Including , Eagle Asset Management Inc reduced its stake in TER by selling 4,633 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 1,431,255 shares of TER which is valued at $30,285,356. Teradyne makes up approx 0.21% of Eagle Asset Management Inc’s portfolio.Cutler Group Lp boosted its stake in TER in the latest quarter, The investment management firm added 20,000 additional shares and now holds a total of 25,343 shares of Teradyne which is valued at $546,902. Teradyne makes up approx 0.03% of Cutler Group Lp’s portfolio. Advisory Services Network added TER to its portfolio by purchasing 95 company shares during the most recent quarter which is valued at $2,073.Bnp Paribas Arbitrage Sa reduced its stake in TER by selling 80,237 shares or 56.89% in the most recent quarter. The Hedge Fund company now holds 60,794 shares of TER which is valued at $1,314,366. Teradyne makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Teradyne closed down -0.42 points or -1.95% at $21.16 with 18,77,788 shares getting traded on Tuesday. Post opening the session at $21.49, the shares hit an intraday low of $20.9625 and an intraday high of $21.49 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Teradyne reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.50. The company had revenue of $532.00 million for the quarter, compared to analysts expectations of $526.74 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Teradyne. Company shares were Reiterated by DA Davidson on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 25 from a previous price target of $24 .Teradyne was Downgraded by Craig Hallum to ” Hold” on Jul 29, 2016. Teradyne was Downgraded by Stifel to ” Hold” on Jul 21, 2016.

Teradyne Inc. (Teradyne) is a supplier of automatic test equipment. The Company operates in three segments: Semiconductor Test Wireless Test and System Test. The Company’s automatic test equipment products and services include semiconductor test (Semiconductor Test) systems wireless test (Wireless Test) systems and defense/aerospace (Defense/Aerospace) test instrumentation and systems storage test (Storage Test) systems and circuit-board test and inspection (Production Board Test) systems (collectively System Test). The Company has a customer base which includes integrated device manufacturers outsourced semiconductor assembly and test providers wafer foundries fabless companies that design but contract with others for the manufacture of integrated circuits developers of wireless devices and consumer electronics manufacturers of circuit boards automotive suppliers wireless product manufacturers storage device manufacturers aerospace and military contractors.

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