Raymond James & Associates Buys 30,773 Shares of Teradyne, Inc. (NASDAQ:TER)

Raymond James & Associates raised its stake in Teradyne, Inc. (NASDAQ:TER) by 6.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 479,354 shares of the company’s stock after acquiring an additional 30,773 shares during the period. Raymond James & Associates owned approximately 0.31% of Teradyne worth $54,086,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mutual of America Capital Management LLC grew its stake in shares of Teradyne by 6.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 41,973 shares of the company’s stock worth $4,555,000 after buying an additional 2,590 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Teradyne by 8,125.5% in the 4th quarter. International Assets Investment Management LLC now owns 133,088 shares of the company’s stock worth $14,443,000 after buying an additional 131,470 shares in the last quarter. Value Aligned Research Advisors LLC purchased a new position in shares of Teradyne in the 4th quarter worth $2,981,000. Louisiana State Employees Retirement System purchased a new position in shares of Teradyne in the 4th quarter worth $998,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Teradyne by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,632,831 shares of the company’s stock worth $164,034,000 after buying an additional 47,889 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Up 2.6 %

TER traded up $3.05 on Friday, reaching $120.44. 2,694,180 shares of the company traded hands, compared to its average volume of 2,462,491. Teradyne, Inc. has a one year low of $81.07 and a one year high of $121.86. The company has a market cap of $18.42 billion, a P/E ratio of 45.79 and a beta of 1.50. The firm has a fifty day simple moving average of $107.25 and a two-hundred day simple moving average of $101.19.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating 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 business had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. During the same quarter in the previous year, the business posted $0.55 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities analysts forecast that Teradyne, Inc. will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on TER shares. Susquehanna lifted their price objective on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. The Goldman Sachs Group lifted their price target on shares of Teradyne from $107.00 to $118.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Evercore ISI started coverage on shares of Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, Robert W. Baird lifted their price target on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $117.83.

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.