Cwm LLC increased its position in Teradyne, Inc. (NASDAQ:TER – Get Rating) by 11.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,940 shares of the company’s stock after acquiring an additional 203 shares during the quarter. Cwm LLC’s holdings in Teradyne were worth $169,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of TER. Janney Montgomery Scott LLC lifted its position in Teradyne by 11.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 177,324 shares of the company’s stock valued at $15,489,000 after purchasing an additional 18,067 shares during the last quarter. Advisor OS LLC lifted its position in Teradyne by 26.4% during the fourth quarter. Advisor OS LLC now owns 9,018 shares of the company’s stock valued at $788,000 after purchasing an additional 1,884 shares during the last quarter. Kestra Private Wealth Services LLC bought a new stake in Teradyne during the fourth quarter valued at approximately $284,000. DekaBank Deutsche Girozentrale lifted its position in Teradyne by 39.1% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 430,146 shares of the company’s stock valued at $37,197,000 after purchasing an additional 120,835 shares during the last quarter. Finally, Keybank National Association OH lifted its position in Teradyne by 17.2% during the fourth quarter. Keybank National Association OH now owns 4,628 shares of the company’s stock valued at $404,000 after purchasing an additional 678 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have issued reports on TER. TheStreet upgraded shares of Teradyne from a “c+” rating to a “b-” rating in a research report on Tuesday, January 24th. Morgan Stanley lifted their price target on shares of Teradyne from $92.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Friday, January 27th. JPMorgan Chase & Co. downgraded shares of Teradyne from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $90.00 to $81.00 in a research note on Monday, April 17th. Jefferies Financial Group initiated coverage on shares of Teradyne in a research note on Thursday, January 12th. They set a “buy” rating on the stock. Finally, Citigroup lifted their price target on shares of Teradyne from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Sunday, February 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $91.00.
Insider Activity
In other news, VP Charles Jeffrey Gray sold 686 shares of the business’s stock in a transaction on Tuesday, January 31st. The shares were sold at an average price of $100.00, for a total transaction of $68,600.00. Following the sale, the vice president now owns 23,270 shares in the company, valued at approximately $2,327,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Mercedes Johnson sold 750 shares of the company’s stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $100.00, for a total value of $75,000.00. Following the transaction, the director now owns 17,487 shares in the company, valued at approximately $1,748,700. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Charles Jeffrey Gray sold 686 shares of the company’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $100.00, for a total transaction of $68,600.00. Following the completion of the transaction, the vice president now owns 23,270 shares in the company, valued at approximately $2,327,000. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.
Teradyne Stock Down 1.1 %
NASDAQ:TER opened at $93.33 on Thursday. The stock has a market cap of $14.56 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 4.45 and a beta of 1.56. The firm’s fifty day simple moving average is $102.91 and its 200 day simple moving average is $99.35. Teradyne, Inc. has a twelve month low of $67.81 and a twelve month high of $115.48.
Teradyne (NASDAQ:TER – Get Rating) last announced its earnings results on Wednesday, April 26th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.13. Teradyne had a net margin of 22.68% and a return on equity of 30.09%. The firm had revenue of $617.53 million for the quarter, compared to analysts’ expectations of $603.03 million. During the same quarter in the previous year, the business posted $0.98 EPS. The company’s quarterly revenue was down 18.2% on a year-over-year basis. On average, analysts expect that Teradyne, Inc. will post 2.92 EPS for the current fiscal year.
About Teradyne
Teradyne, Inc engages in the development and sale of automatic test systems. It operates through the following business segments: Semiconductor Test, System Test, Robotics, Wireless Test, and Corporate. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.
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