Banco Bilbao Vizcaya Argentaria S.A. Has $664,000 Stock Position in Teradyne, Inc. (NASDAQ:TER)

Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 3.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,258 shares of the company’s stock after purchasing an additional 177 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Teradyne were worth $664,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. increased its position in shares of Teradyne by 182.6% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 152,124 shares of the company’s stock worth $19,155,000 after acquiring an additional 98,300 shares in the last quarter. Symmetry Investments LP purchased a new position in Teradyne during the 4th quarter worth approximately $5,276,000. Fuller & Thaler Asset Management Inc. raised its stake in Teradyne by 62.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 104,034 shares of the company’s stock valued at $13,100,000 after purchasing an additional 40,098 shares during the period. MGO One Seven LLC lifted its holdings in shares of Teradyne by 25.1% in the fourth quarter. MGO One Seven LLC now owns 5,156 shares of the company’s stock valued at $649,000 after purchasing an additional 1,035 shares in the last quarter. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Teradyne in the fourth quarter worth $2,570,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Price Performance

Shares of TER stock opened at $76.83 on Tuesday. The stock has a market cap of $12.36 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. The stock has a 50-day moving average of $87.49 and a 200-day moving average of $108.38. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last issued its earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.61 by $0.14. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The firm had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. As a group, research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne announced that its Board of Directors has initiated a stock buyback plan on Monday, April 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TER. Stifel Nicolaus dropped their target price on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday, March 12th. UBS Group set a $130.00 price objective on shares of Teradyne and gave the company a “buy” rating in a research note on Wednesday, March 12th. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Robert W. Baird lowered their price target on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Finally, Cantor Fitzgerald cut their price objective on Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and an average target price of $118.94.

Insider Buying and Selling

In other news, VP Ryan Driscoll sold 437 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $44,574.00. Following the completion of the transaction, the vice president now directly owns 4,312 shares of the company’s stock, valued at $439,824. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard John Burns sold 445 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the sale, the insider now owns 25,191 shares in the company, valued at $2,808,544.59. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,096 shares of company stock worth $335,199 over the last ninety days. Company insiders own 0.16% of the company’s stock.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.