Cerity Partners LLC Trims Stake in Teradyne, Inc. (NASDAQ:TER)

Cerity Partners LLC reduced its position in Teradyne, Inc. (NASDAQ:TER) by 75.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,136 shares of the company’s stock after selling 12,999 shares during the quarter. Cerity Partners LLC’s holdings in Teradyne were worth $449,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC grew its stake in Teradyne by 3.9% in the 3rd quarter. FMR LLC now owns 11,533,715 shares of the company’s stock worth $1,158,677,000 after acquiring an additional 437,054 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Teradyne by 2.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company’s stock worth $445,254,000 after acquiring an additional 106,848 shares in the last quarter. Van ECK Associates Corp grew its stake in Teradyne by 13.9% in the 3rd quarter. Van ECK Associates Corp now owns 3,437,479 shares of the company’s stock worth $345,329,000 after acquiring an additional 419,838 shares in the last quarter. Nordea Investment Management AB grew its stake in Teradyne by 4.6% in the 3rd quarter. Nordea Investment Management AB now owns 3,177,256 shares of the company’s stock worth $321,062,000 after acquiring an additional 140,579 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Teradyne by 24.4% in the 3rd quarter. Invesco Ltd. now owns 2,427,501 shares of the company’s stock worth $243,867,000 after acquiring an additional 476,763 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TER shares. Evercore ISI started coverage on shares of Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price objective on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of “Hold” and a consensus price target of $113.73.

Insiders Place Their Bets

In related news, Director Ernest E. Maddock acquired 1,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was acquired at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the purchase, the director now owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Ernest E. Maddock acquired 1,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was acquired at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the purchase, the director now owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Sanjay Mehta sold 8,653 shares of Teradyne stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total transaction of $909,430.30. Following the sale, the chief financial officer now owns 31,180 shares of the company’s stock, valued at $3,277,018. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

Teradyne Stock Up 8.2 %

NASDAQ:TER opened at $108.91 on Friday. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $119.20. The firm has a 50 day moving average of $105.38 and a 200 day moving average of $100.43. The stock has a market capitalization of $16.66 billion, a price-to-earnings ratio of 39.89 and a beta of 1.56.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The company had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. Teradyne’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, analysts expect that Teradyne, Inc. will post 2.82 EPS for the current year.

Teradyne Profile

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.