Teradyne, Inc. (NASDAQ:TER) Shares Acquired by Northern Trust Corp

Northern Trust Corp boosted its stake in Teradyne, Inc. (NASDAQ:TER) by 14.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,644,212 shares of the company’s stock after purchasing an additional 203,183 shares during the period. Northern Trust Corp’s holdings in Teradyne were worth $207,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Anchor Investment Management LLC acquired a new position in shares of Teradyne during the third quarter worth approximately $95,000. Wilmington Savings Fund Society FSB bought a new position in shares of Teradyne in the third quarter worth $81,000. Tidal Investments LLC increased its holdings in shares of Teradyne by 61.6% during the third quarter. Tidal Investments LLC now owns 18,197 shares of the company’s stock valued at $2,437,000 after purchasing an additional 6,933 shares during the period. Franklin Resources Inc. raised its stake in shares of Teradyne by 30.5% during the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock valued at $11,878,000 after purchasing an additional 20,762 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in Teradyne by 4.1% in the third quarter. Retirement Systems of Alabama now owns 35,836 shares of the company’s stock worth $4,800,000 after purchasing an additional 1,399 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Sanjay Mehta sold 1,384 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $154,302.16. Following the transaction, the chief financial officer now directly owns 36,576 shares of the company’s stock, valued at approximately $4,077,858.24. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard John Burns sold 445 shares of Teradyne stock in a transaction 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 sale, the insider now directly owns 25,191 shares of the company’s stock, valued at approximately $2,808,544.59. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,045 shares of company stock valued at $227,997. Corporate insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

TER has been the topic of a number of recent analyst reports. Cantor Fitzgerald dropped their price target on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Bank of America cut their target price on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research report on Wednesday, March 12th. Northland Securities lowered their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on Teradyne from $120.00 to $92.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, Morgan Stanley dropped their price target on shares of Teradyne from $81.00 to $69.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.56.

Teradyne Price Performance

Teradyne stock opened at $73.78 on Friday. The company has a market cap of $11.87 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21. The firm’s 50 day simple moving average is $84.99 and its 200-day simple moving average is $107.50.

Teradyne (NASDAQ:TER) last announced its earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.14. The company had revenue of $685.70 million for the quarter, compared to the consensus estimate of $680.54 million. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The company’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. On average, analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

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

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.