AtonRa Partners Has $407,000 Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

AtonRa Partners cut its holdings in Teradyne, Inc. (NASDAQ:TER) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,753 shares of the company’s stock after selling 482 shares during the quarter. AtonRa Partners’ holdings in Teradyne were worth $407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TER. Allspring Global Investments Holdings LLC increased its stake in shares of Teradyne by 489.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,073,278 shares of the company’s stock valued at $208,282,000 after buying an additional 1,721,306 shares in the last quarter. Boston Partners boosted its holdings in Teradyne by 38.5% in the third quarter. Boston Partners now owns 2,351,867 shares of the company’s stock valued at $236,164,000 after acquiring an additional 654,181 shares during the last quarter. Invesco Ltd. boosted 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 acquiring an additional 476,763 shares during the last quarter. FMR LLC boosted 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 acquiring an additional 437,054 shares during the last quarter. Finally, Van ECK Associates Corp boosted 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 acquiring an additional 419,838 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TER shares. JPMorgan Chase & Co. raised their price target on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. The Goldman Sachs Group raised their price target on Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Friday. Evercore ISI started coverage on Teradyne in a report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target on the stock. Susquehanna raised their price target on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a report on Friday. Finally, Robert W. Baird raised their target price on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $117.83.

Insider Transactions at Teradyne

In other news, CFO Sanjay Mehta sold 8,653 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total transaction of $909,430.30. Following the sale, the chief financial officer now owns 31,180 shares of the company’s stock, valued at $3,277,018. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Sanjay Mehta sold 8,653 shares of Teradyne stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total value of $909,430.30. Following the sale, the chief financial officer now owns 31,180 shares of the company’s stock, valued at approximately $3,277,018. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ernest E. Maddock bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the transaction, the director now owns 4,728 shares in the company, valued at approximately $444,762.96. The disclosure for this purchase can be found here. 0.18% of the stock is currently owned by insiders.

Teradyne Stock Performance

TER traded up $4.16 during midday trading on Monday, reaching $118.29. 2,184,067 shares of the company were exchanged, compared to its average volume of 1,927,556. Teradyne, Inc. has a one year low of $81.07 and a one year high of $119.20. The stock has a market capitalization of $18.09 billion, a P/E ratio of 43.40 and a beta of 1.56. The stock’s 50-day simple moving average is $105.62 and its 200 day simple moving average is $100.55.

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

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.