Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp grew its position in shares of Teradyne, Inc. (NASDAQ:TER) by 26.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,361,091 shares of the company’s stock after purchasing an additional 923,612 shares during the quarter. Teradyne accounts for 0.9% of Van ECK Associates Corp’s holdings, making the stock its 27th largest holding. Van ECK Associates Corp’s holdings in Teradyne were worth $473,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of TER. AE Wealth Management LLC lifted its position in Teradyne by 25.6% during the third quarter. AE Wealth Management LLC now owns 3,315 shares of the company’s stock worth $333,000 after buying an additional 676 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Teradyne by 239.5% during the 3rd quarter. SG Americas Securities LLC now owns 11,351 shares of the company’s stock worth $1,140,000 after acquiring an additional 8,008 shares during the period. DAVENPORT & Co LLC boosted its position in shares of Teradyne by 8.3% in the third quarter. DAVENPORT & Co LLC now owns 3,720 shares of the company’s stock worth $374,000 after acquiring an additional 286 shares during the last quarter. Czech National Bank grew its holdings in Teradyne by 46.7% in the third quarter. Czech National Bank now owns 26,919 shares of the company’s stock valued at $2,704,000 after purchasing an additional 8,565 shares during the period. Finally, Simplicity Solutions LLC increased its position in Teradyne by 4.3% during the third quarter. Simplicity Solutions LLC now owns 8,305 shares of the company’s stock worth $834,000 after purchasing an additional 345 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Trading Up 3.6 %

NASDAQ TER traded up $4.16 during trading hours on Monday, reaching $118.29. 2,184,067 shares of the company traded hands, compared to its average volume of 1,927,556. The stock has a market capitalization of $18.09 billion, a PE ratio of 44.98 and a beta of 1.56. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $119.20. The company has a 50 day moving average of $105.94 and a two-hundred day moving average of $100.68.

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

Insider Activity at Teradyne

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Evercore ISI began coverage on Teradyne in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 target price on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 target price on shares of Teradyne in a research report on Thursday. The Goldman Sachs Group boosted their price objective on shares of Teradyne from $107.00 to $118.00 and gave the stock a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. lifted their target price on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, Robert W. Baird raised their price objective on Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $117.83.

Teradyne 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.