Teradyne, Inc. (NYSE:TER) Shares Bought by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board increased its position in Teradyne, Inc. (NYSE:TER) by 18.2% during the second quarter, Holdings Channel reports. The institutional investor owned 974,901 shares of the semiconductor company’s stock after buying an additional 150,000 shares during the period. Canada Pension Plan Investment Board’s holdings in Teradyne were worth $29,276,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of TER. Mesirow Financial Investment Management Equity Management acquired a new stake in Teradyne during the first quarter worth about $1,168,000. Profund Advisors LLC raised its stake in Teradyne by 6.4% in the first quarter. Profund Advisors LLC now owns 64,523 shares of the semiconductor company’s stock worth $2,007,000 after buying an additional 3,874 shares during the last quarter. IFC Holdings Incorporated FL acquired a new stake in Teradyne during the first quarter worth about $1,680,000. Gilman Hill Asset Management LLC raised its stake in Teradyne by 17.1% in the first quarter. Gilman Hill Asset Management LLC now owns 11,020 shares of the semiconductor company’s stock worth $343,000 after buying an additional 1,610 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in Teradyne by 16.2% in the first quarter. Nationwide Fund Advisors now owns 707,660 shares of the semiconductor company’s stock worth $22,008,000 after buying an additional 98,422 shares during the last quarter. Institutional investors own 93.72% of the company’s stock.
Shares of Teradyne, Inc. (NYSE:TER) opened at 33.48 on Friday. The company has a 50 day moving average of $33.22 and a 200-day moving average of $32.16. Teradyne, Inc. has a one year low of $20.07 and a one year high of $36.86. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 17.28 and a beta of 0.95.
Teradyne (NYSE:TER) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The firm had revenue of $697 million during the quarter, compared to analysts’ expectations of $683.66 million. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. On average, analysts anticipate that Teradyne, Inc. will post $1.97 earnings per share for the current year.
A number of research firms have recently issued reports on TER. BidaskClub raised shares of Teradyne from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday, June 5th. KeyCorp raised shares of Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 target price for the company in a report on Thursday, July 27th. Stifel Nicolaus raised shares of Teradyne from a “hold” rating to a “buy” rating and upped their target price for the stock from $32.00 to $39.00 in a report on Wednesday, July 5th. They noted that the move was a valuation call. Finally, Cowen and Company upped their target price on shares of Teradyne from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $35.70.
In related news, insider Mark E. Jagiela sold 30,000 shares of Teradyne stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the completion of the sale, the insider now owns 248,413 shares in the company, valued at approximately $8,570,248.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael A. Bradley sold 9,235 shares of Teradyne stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $35.32, for a total value of $326,180.20. Following the sale, the director now owns 195,405 shares of the company’s stock, valued at approximately $6,901,704.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,127 shares of company stock valued at $2,190,650. 0.62% of the stock is currently owned by company insiders.
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.
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