Hsbc Holdings PLC Has $79.95 Million Stock Position in Teradyne, Inc. $TER

Hsbc Holdings PLC lessened its stake in Teradyne, Inc. (NASDAQ:TERFree Report) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 412,224 shares of the company’s stock after selling 56,294 shares during the quarter. Hsbc Holdings PLC’s holdings in Teradyne were worth $79,953,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TER. State Street Corp increased its holdings in Teradyne by 0.9% during the fourth quarter. State Street Corp now owns 7,078,635 shares of the company’s stock worth $1,370,141,000 after buying an additional 60,986 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Teradyne by 6.8% in the third quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company’s stock valued at $723,600,000 after acquiring an additional 336,757 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Teradyne by 18.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock valued at $813,640,000 after acquiring an additional 659,273 shares during the period. Invesco Ltd. grew its position in shares of Teradyne by 3.5% in the 3rd quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock valued at $407,322,000 after acquiring an additional 99,864 shares during the period. Finally, Alkeon Capital Management LLC increased its stake in shares of Teradyne by 48.6% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock worth $395,427,000 after purchasing an additional 940,000 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Up 4.4%

Shares of NASDAQ:TER opened at $457.00 on Tuesday. Teradyne, Inc. has a 12-month low of $85.58 and a 12-month high of $459.19. The stock has a market cap of $71.54 billion, a PE ratio of 84.63, a P/E/G ratio of 1.80 and a beta of 1.79. The business has a 50 day moving average of $376.35 and a 200-day moving average of $302.73.

Teradyne (NASDAQ:TERGet Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm’s quarterly revenue was up 87.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. Equities research analysts expect that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, May 21st. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is 9.63%.

Insiders Place Their Bets

In other news, insider Shannon John Poulin sold 1,008 shares of Teradyne stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the sale, the insider owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the completion of the sale, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. This trade represents a 8.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 14,941 shares of company stock worth $5,444,112 in the last 90 days. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TER shares. Cantor Fitzgerald boosted their price target on Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. The Goldman Sachs Group lifted their target price on Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Susquehanna boosted their target price on Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a report on Thursday, April 9th. UBS Group increased their price target on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Stifel Nicolaus raised their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

View Our Latest Stock Report on TER

Teradyne Profile

(Free Report)

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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