Paradiem LLC Sells 16,663 Shares of Teradyne, Inc. (NASDAQ:TER)

Paradiem LLC reduced its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 40.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,454 shares of the company’s stock after selling 16,663 shares during the quarter. Paradiem LLC’s holdings in Teradyne were worth $2,654,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. FMR LLC lifted its holdings in Teradyne by 3.9% in the third quarter. FMR LLC now owns 11,533,715 shares of the company’s stock valued at $1,158,677,000 after buying an additional 437,054 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Teradyne by 2.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company’s stock valued at $445,254,000 after buying an additional 106,848 shares during the period. Van ECK Associates Corp lifted its holdings in Teradyne by 13.9% in the third quarter. Van ECK Associates Corp now owns 3,437,479 shares of the company’s stock valued at $345,329,000 after buying an additional 419,838 shares during the period. Nordea Investment Management AB lifted its holdings in Teradyne by 4.6% in the third quarter. Nordea Investment Management AB now owns 3,177,256 shares of the company’s stock valued at $321,062,000 after buying an additional 140,579 shares during the period. Finally, Invesco Ltd. lifted its holdings in Teradyne by 24.4% in the third quarter. Invesco Ltd. now owns 2,427,501 shares of the company’s stock valued at $243,867,000 after buying an additional 476,763 shares during the period. 99.77% of the stock is owned by institutional investors.

Insider Transactions at Teradyne

In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of $94.07 per share, with a total value of $94,070.00. Following the completion of the transaction, the director now 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 is available through this hyperlink. In related news, insider Richard John Burns sold 1,744 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $104.89, for a total value of $182,928.16. Following the completion of the transaction, the insider now owns 16,734 shares of the company’s stock, valued at $1,755,229.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ernest E. Maddock bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average cost of $94.07 per share, with a total value of $94,070.00. Following the transaction, the director now owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The disclosure for this purchase can be found here. 0.36% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TER shares. Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 price objective on shares of Teradyne in a report on Thursday. Evercore ISI started coverage on shares of Teradyne in a report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 target price on the stock. The Goldman Sachs Group increased their target price on shares of Teradyne from $107.00 to $118.00 and gave the stock a “neutral” rating in a report on Friday. Robert W. Baird increased their target price on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their target price on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $115.69.

Teradyne Trading Up 4.8 %

Shares of TER stock traded up $5.22 during trading hours on Friday, hitting $114.13. 5,205,516 shares of the company were exchanged, compared to its average volume of 2,014,893. The business has a 50 day moving average of $105.62 and a two-hundred day moving average of $100.54. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $119.20. The company has a market capitalization of $17.46 billion, a PE ratio of 43.40 and a beta of 1.56.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company had revenue of $599.82 million during the quarter, compared to the consensus estimate of $566.31 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, research analysts forecast that Teradyne, Inc. will post 2.87 EPS for the current 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.