Handelsbanken Fonder AB Acquires 35,543 Shares of Teradyne, Inc. (NASDAQ:TER)

Handelsbanken Fonder AB lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 77.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 81,165 shares of the company’s stock after buying an additional 35,543 shares during the quarter. Handelsbanken Fonder AB’s holdings in Teradyne were worth $8,808,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC lifted its position in shares of Teradyne by 19.6% in the 3rd quarter. CWM LLC now owns 3,051 shares of the company’s stock worth $307,000 after purchasing an additional 499 shares during the period. AE Wealth Management LLC lifted its position in shares of Teradyne by 25.6% in the 3rd quarter. AE Wealth Management LLC now owns 3,315 shares of the company’s stock worth $333,000 after purchasing an additional 676 shares during the period. IFP Advisors Inc increased its stake in shares of Teradyne by 7.7% in the 3rd quarter. IFP Advisors Inc now owns 3,299 shares of the company’s stock worth $331,000 after acquiring an additional 236 shares in the last quarter. HB Wealth Management LLC bought a new stake in Teradyne during the 3rd quarter valued at about $216,000. Finally, SG Americas Securities LLC increased its stake in Teradyne by 239.5% during the 3rd quarter. SG Americas Securities LLC now owns 11,351 shares of the company’s stock valued at $1,140,000 after purchasing an additional 8,008 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

TER stock opened at $100.70 on Thursday. Teradyne, Inc. has a one year low of $81.07 and a one year high of $119.20. The company’s fifty day moving average price is $105.25 and its 200-day moving average price is $100.37. The company has a market capitalization of $15.40 billion, a PE ratio of 36.89 and a beta of 1.56.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The firm had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, research analysts predict that Teradyne, Inc. will post 2.82 EPS for the current fiscal year.

Insider Buying and Selling

In other Teradyne news, Director Ernest E. Maddock purchased 1,000 shares of Teradyne stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the transaction, the director now owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Teradyne news, CFO Sanjay Mehta sold 8,653 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total transaction of $909,430.30. Following the transaction, the chief financial officer now owns 31,180 shares in the company, valued at $3,277,018. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ernest E. Maddock acquired 1,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the transaction, the director now directly owns 4,728 shares of the company’s stock, valued at $444,762.96. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on TER. JPMorgan Chase & Co. raised their price objective on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price objective on shares of Teradyne in a report on Monday, March 4th. Finally, Evercore ISI began coverage on shares of Teradyne in a report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Teradyne presently has an average rating of “Hold” and an average target price of $113.73.

Teradyne Company 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.