This article first appeared on GuruFocus.
ETFs sold a net $21.2 million of Teradyne (TER) on Wednesday, Oct. 28, with 37 funds buying and 11 selling meaning more ETFs traded the other way but in smaller amounts. The move snapped a three-day run of net buying: $11.6 million on Oct. 27, $15.2 million on Oct. 26 and $62.7 million on Oct. 23. ETF activity was negative once before in the recent stretch, at $8.1 million on Oct. 22. The selling streak now stands at one day.
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Which ETFs sold TER on Wednesday?
The largest sellers by dollar value were SOXX ($40.3 million), FLSP ($2.3 million) and QLD ($0.5 million). In all, 37 ETFs added shares and 11 cut them.
SOXX drove the move, cutting 128,561 shares for a $40.3 million reduction, a 3.1% stake change, with the position still at 4,015,327 shares and a 2.62% weight. FLSP trimmed 7,465 shares for $2.3 million, while QLD shed 1,710 shares for $0.5 million and QQQM, USMV, IWB, SPYM and GARP each reduced by $0.1 million or less. Teradyne sits in the Technology sector, in Semiconductor Equipment & Materials, with a market cap of $46.3 billion.
Have ETFs been buying or selling TER lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does TER do?
Teradyne Inc. is a supplier of automated test equipment and industrial automation systems. Its semiconductor test segment provides test systems for wafer and package testing of logic, mixed-signal, RF, and memory devices, serving vertically integrated, fabless, and foundry chipmakers as well as outsourced assembly and test providers.
Teradyne reported trailing-12-month revenue of $5.00 billion, up 78.8% over one year, with a 59.3% gross margin and a 27.6% net margin. It trades at a P/E of 34.02, P/B of 12.65 and P/S of 9.34, against a market cap of $46.3 billion. The GF Score is 82, and the GF Value of $249.93 compares with a price of $296.23. The dividend yield is 0.2%, and the stock is up 53.22% year to date.