Arrowstreet Capital Limited Partnership Has Decreased By $35.68 Million Its Teradyne (TER) Stake; Seneca Foods Has 0.87 Sentiment

November 30, 2017 - By Hazel Jackson

Arrowstreet Capital Limited Partnership decreased Teradyne Inc (TER) stake by 79.88% reported in 2017Q2 SEC filing. Arrowstreet Capital Limited Partnership sold 1.19M shares as Teradyne Inc (TER)’s stock rose 19.47%. The Arrowstreet Capital Limited Partnership holds 299,656 shares with $9.00M value, down from 1.49 million last quarter. Teradyne Inc now has $7.92B valuation. The stock decreased 1.08% or $0.44 during the last trading session, reaching $40.38. About 3.20M shares traded or 39.15% up from the average. Teradyne, Inc. (NYSE:TER) has risen 88.99% since November 30, 2016 and is uptrending. It has outperformed by 72.29% the S&P500.

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company has market cap of $343.24 million. It offers canned and frozen produce, bottled produce, snack chips, and other food products under the private label, as well as under various national and regional brands that the firm owns or licenses, including Seneca, LibbyÂ’s, Aunt NellieÂ’s, READ, Green Valley, Cherryman, and Seneca Farms. It has a 29.65 P/E ratio. The firm also packs Green Giant, Le Sueur, and other brands of canned vegetables, as well as selected Green Giant frozen vegetables for B&G Foods North America under a contract packing agreement.

Arrowstreet Capital Limited Partnership increased Energizer Hldgs Inc New stake by 175,400 shares to 194,900 valued at $9.36M in 2017Q2. It also upped Sk Telecom Ltd (NYSE:SKM) stake by 1.28 million shares and now owns 2.33 million shares. Nationstar Mtg Hldgs Inc (NYSE:NSM) was raised too.

Among 16 analysts covering Teradyne (NYSE:TER), 8 have Buy rating, 0 Sell and 8 Hold. Therefore 50% are positive. Teradyne had 39 analyst reports since August 25, 2015 according to SRatingsIntel. The firm has “Buy” rating by Robert W. Baird given on Friday, October 27. On Tuesday, April 4 the stock rating was initiated by Robert W. Baird with “Outperform”. The firm has “Market Perform” rating given on Friday, October 28 by BMO Capital Markets. Needham maintained Teradyne, Inc. (NYSE:TER) on Thursday, October 26 with “Buy” rating. The company was maintained on Friday, October 6 by Robert W. Baird. KeyBanc Capital Markets maintained Teradyne, Inc. (NYSE:TER) rating on Thursday, October 26. KeyBanc Capital Markets has “Buy” rating and $47.0 target. The company was maintained on Thursday, January 26 by Cowen & Co. KeyBanc Capital Markets maintained the shares of TER in report on Tuesday, September 5 with “Buy” rating. The company was downgraded on Monday, November 20 by Deutsche Bank. DA Davidson maintained the shares of TER in report on Friday, July 29 with “Buy” rating.

Investors sentiment increased to 1.21 in 2017 Q2. Its up 0.11, from 1.1 in 2017Q1. It increased, as 21 investors sold TER shares while 119 reduced holdings. 58 funds opened positions while 112 raised stakes. 180.44 million shares or 0.80% less from 181.89 million shares in 2017Q1 were reported. Texas Permanent School Fund owns 145,255 shares. Raymond James & Associate owns 14,304 shares or 0% of their US portfolio. Pacad Investment Limited reported 68,700 shares stake. First Houston Capital Incorporated reported 1.61% stake. Cornerstone Cap reported 0.03% in Teradyne, Inc. (NYSE:TER). Globeflex Capital LP holds 36,828 shares or 0.27% of its portfolio. Millennium Mgmt Ltd Liability Corporation has 0.04% invested in Teradyne, Inc. (NYSE:TER) for 732,067 shares. Moreover, Mastrapasqua Asset Management has 0.27% invested in Teradyne, Inc. (NYSE:TER). Deutsche Natl Bank Ag holds 0.03% in Teradyne, Inc. (NYSE:TER) or 1.63 million shares. Verition Fund Mgmt Limited invested in 41,253 shares. Whittier holds 275 shares or 0% of its portfolio. Renaissance Tech Limited Co has 1.89 million shares for 0.07% of their portfolio. Icon Advisers holds 0.05% in Teradyne, Inc. (NYSE:TER) or 22,909 shares. Alkeon Cap Ltd Liability reported 3.12 million shares stake. Castleark Mgmt Ltd Liability has invested 0.41% in Teradyne, Inc. (NYSE:TER).

Analysts await Teradyne, Inc. (NYSE:TER) to report earnings on January, 24. They expect $0.34 earnings per share, up 6.25% or $0.02 from last year’s $0.32 per share. TER’s profit will be $66.69M for 29.69 P/E if the $0.34 EPS becomes a reality. After $0.54 actual earnings per share reported by Teradyne, Inc. for the previous quarter, Wall Street now forecasts -37.04% negative EPS growth.

Since June 5, 2017, it had 0 insider purchases, and 2 selling transactions for $652,324 activity. BRADLEY MICHAEL A had sold 9,235 shares worth $326,162.

Since January 1, 0001, it had 1 insider buy, and 0 selling transactions for $198,338 activity.

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By1 Hazel Jackson




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