IFM Investors Pty Ltd Decreases Holdings in Teradyne, Inc. (NASDAQ:TER)

IFM Investors Pty Ltd lessened its stake in Teradyne, Inc. (NASDAQ:TER) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,810 shares of the company’s stock after selling 1,229 shares during the quarter. IFM Investors Pty Ltd’s holdings in Teradyne were worth $3,702,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Marshall Financial Group LLC lifted its position in shares of Teradyne by 10.4% during the 1st quarter. Marshall Financial Group LLC now owns 9,108 shares of the company’s stock valued at $1,028,000 after buying an additional 857 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in Teradyne by 17.1% during the first quarter. First Trust Direct Indexing L.P. now owns 2,992 shares of the company’s stock valued at $338,000 after purchasing an additional 438 shares during the last quarter. Bourgeon Capital Management LLC boosted its position in Teradyne by 0.7% during the first quarter. Bourgeon Capital Management LLC now owns 100,807 shares of the company’s stock worth $11,374,000 after purchasing an additional 697 shares during the period. Exchange Capital Management Inc. boosted its position in Teradyne by 7.4% during the first quarter. Exchange Capital Management Inc. now owns 4,011 shares of the company’s stock worth $453,000 after purchasing an additional 275 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Teradyne by 3.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,182,136 shares of the company’s stock worth $246,210,000 after purchasing an additional 68,924 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 4.8 %

Shares of TER traded up $5.22 during mid-day trading on Friday, reaching $114.13. The company’s stock had a trading volume of 5,205,516 shares, compared to its average volume of 2,014,893. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $119.20. The stock has a market cap of $17.46 billion, a PE ratio of 43.40 and a beta of 1.56. The company’s fifty day moving average price is $105.62 and its two-hundred day moving average price is $100.53.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to the consensus estimate of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share. Research analysts anticipate that Teradyne, Inc. will post 2.82 EPS for the current year.

Insider Buying and Selling

In other news, Director Ernest E. Maddock acquired 1,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of $94.07 per share, with a total value of $94,070.00. Following the completion of the purchase, the director now owns 4,728 shares in the company, valued at approximately $444,762.96. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other Teradyne news, CFO Sanjay Mehta sold 8,653 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total transaction of $909,430.30. Following the transaction, the chief financial officer now directly 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 the SEC website. Also, Director Ernest E. Maddock bought 1,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of $94.07 per share, with a total value of $94,070.00. Following the completion of 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. 0.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TER has been the topic of several recent research reports. Susquehanna increased their target price on Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research report on Friday. Robert W. Baird lifted their target price on Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday. Evercore ISI initiated coverage on shares of Teradyne in a report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. 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 stock. According to MarketBeat, Teradyne has a consensus rating of “Hold” and a consensus price target of $115.69.

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.