Handelsbanken Fonder AB Acquires 3,250 Shares of Teradyne, Inc. $TER

Handelsbanken Fonder AB boosted its holdings in Teradyne, Inc. (NASDAQ:TER) by 2.6% during the second quarter, Holdings Channel.com reports. The fund owned 127,990 shares of the company’s stock after buying an additional 3,250 shares during the quarter. Handelsbanken Fonder AB’s holdings in Teradyne were worth $61,927,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp boosted its position in shares of Teradyne by 0.9% during the 4th quarter. State Street Corp now owns 7,078,635 shares of the company’s stock valued at $1,370,141,000 after acquiring an additional 60,986 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Teradyne by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock worth $442,413,000 after purchasing an additional 143,058 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Teradyne by 18.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock worth $813,640,000 after purchasing an additional 659,273 shares during the last quarter. Invesco Ltd. raised its stake in Teradyne by 3.5% in the third quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock valued at $407,322,000 after purchasing an additional 99,864 shares in the last quarter. Finally, Morgan Stanley raised its stake in Teradyne by 1.9% in the fourth quarter. Morgan Stanley now owns 2,442,014 shares of the company’s stock valued at $472,677,000 after purchasing an additional 45,089 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup boosted their price target on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $465.00 price objective on shares of Teradyne in a report on Tuesday, July 28th. Susquehanna upped their target price on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Finally, Weiss Ratings raised Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $396.80.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction on Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the transaction, the chief executive officer directly owned 120,470 shares of the company’s stock, valued at $50,962,424.10. The trade was a 3.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of Teradyne stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the completion of the transaction, the insider directly owned 15,722 shares in the company, valued at approximately $5,581,310. The trade was a 4.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders sold 14,261 shares of company stock valued at $5,187,344 in the last quarter. Corporate insiders own 0.19% of the company’s stock.

Teradyne Trading Down 3.7%

Shares of NASDAQ:TER opened at $365.10 on Tuesday. The stock has a market capitalization of $57.08 billion, a P/E ratio of 50.08, a price-to-earnings-growth ratio of 0.77 and a beta of 1.78. The stock’s 50-day moving average price is $383.37 and its 200-day moving average price is $344.35. Teradyne, Inc. has a 12-month low of $104.58 and a 12-month high of $487.91.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business posted $0.57 EPS. Teradyne’s quarterly revenue was up 103.9% compared to the same quarter last year. As a group, research analysts predict that Teradyne, Inc. will post 9.1 EPS for the current year.

Teradyne Profile

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.