Teradyne, Inc. (NASDAQ:TER) Shares Sold by Strs Ohio

Strs Ohio reduced its position in shares of Teradyne, Inc. (NASDAQ:TER) by 27.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,575 shares of the company’s stock after selling 3,565 shares during the period. Strs Ohio’s holdings in Teradyne were worth $1,039,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TER. CWM LLC boosted its position in shares of Teradyne by 19.6% in the third quarter. CWM LLC now owns 3,051 shares of the company’s stock worth $307,000 after acquiring an additional 499 shares during the last quarter. AE Wealth Management LLC boosted its position in shares of Teradyne by 25.6% in the third quarter. AE Wealth Management LLC now owns 3,315 shares of the company’s stock worth $333,000 after acquiring an additional 676 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Teradyne by 7.7% in the third quarter. IFP Advisors Inc now owns 3,299 shares of the company’s stock worth $331,000 after acquiring an additional 236 shares during the last quarter. HB Wealth Management LLC acquired a new stake in shares of Teradyne in the third quarter worth approximately $216,000. Finally, SG Americas Securities LLC boosted its position in shares of Teradyne by 239.5% in the third quarter. SG Americas Securities LLC now owns 11,351 shares of the company’s stock worth $1,140,000 after acquiring an additional 8,008 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ernest E. Maddock purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price 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 in the company, valued at $444,762.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of the stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the purchase, the director now directly owns 4,728 shares in the company, valued at $444,762.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 1,083 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $110.95, for a total transaction of $120,158.85. Following the sale, the chief financial officer now owns 45,107 shares of the company’s stock, valued at approximately $5,004,621.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,797 shares of company stock worth $1,248,237. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

TER has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Evercore ISI initiated coverage on shares of Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target on the stock. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price target on shares of Teradyne in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $113.73.

Teradyne Stock Up 2.1 %

TER opened at $99.85 on Wednesday. The firm has a market capitalization of $15.27 billion, a P/E ratio of 36.58 and a beta of 1.56. The firm’s 50 day moving average is $105.27 and its 200-day moving average is $100.37. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $119.20.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $670.60 million during the quarter, compared to analyst estimates of $674.99 million. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Equities analysts expect that Teradyne, Inc. will post 2.82 earnings per share for the current fiscal year.

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.