Asset Management One Co. Ltd. cut its position in Teradyne, Inc. (NASDAQ:TER – Get Rating) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,794 shares of the company’s stock after selling 3,039 shares during the period. Asset Management One Co. Ltd.’s holdings in Teradyne were worth $5,844,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. raised its stake in shares of Teradyne by 264.2% in the fourth quarter. Ronald Blue Trust Inc. now owns 448 shares of the company’s stock worth $34,000 after acquiring an additional 325 shares during the last quarter. Tobam bought a new position in shares of Teradyne in the fourth quarter worth about $45,000. CI Investments Inc. raised its stake in shares of Teradyne by 52.1% in the third quarter. CI Investments Inc. now owns 537 shares of the company’s stock worth $40,000 after acquiring an additional 184 shares during the last quarter. Allworth Financial LP raised its stake in shares of Teradyne by 33.0% in the fourth quarter. Allworth Financial LP now owns 540 shares of the company’s stock worth $47,000 after acquiring an additional 134 shares during the last quarter. Finally, Arlington Partners LLC raised its stake in shares of Teradyne by 150.9% in the fourth quarter. Arlington Partners LLC now owns 552 shares of the company’s stock worth $48,000 after acquiring an additional 332 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.
Teradyne Stock Up 1.1 %
Teradyne stock opened at $91.38 on Friday. The stock has a market capitalization of $14.26 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 4.12 and a beta of 1.56. Teradyne, Inc. has a twelve month low of $67.81 and a twelve month high of $114.19. The company has a 50 day moving average of $102.28 and a 200-day moving average of $99.27.
Insider Buying and Selling
In related news, Director Mercedes Johnson sold 750 shares of the stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $100.00, for a total transaction of $75,000.00. Following the completion of the transaction, the director now owns 17,487 shares in the company, valued at $1,748,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Charles Jeffrey Gray sold 686 shares of the 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 completion of the transaction, the vice president now owns 23,270 shares in the company, valued at $2,327,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mercedes Johnson sold 750 shares of the company’s stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $100.00, for a total transaction of $75,000.00. Following the sale, the director now directly owns 17,487 shares in the company, valued at $1,748,700. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on TER shares. KeyCorp boosted their target price on shares of Teradyne from $110.00 to $117.00 and gave the stock an “overweight” rating in a research note on Friday, March 24th. Loop Capital downgraded shares of Teradyne from a “buy” rating to a “hold” rating and dropped their price target for the stock from $110.00 to $102.00 in a research note on Friday, January 27th. Jefferies Financial Group started coverage on shares of Teradyne in a research note on Thursday, January 12th. They set a “buy” rating for the company. Citigroup boosted 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. Finally, Northland Securities dropped their price target on shares of Teradyne from $97.00 to $87.00 in a research note on Friday. 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. Based on data from MarketBeat.com, Teradyne has a consensus rating of “Hold” and an average target price of $91.38.
Teradyne Profile
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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