Westpac Banking Corp trimmed its stake in Teradyne, Inc. (NYSE:TER) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 175,400 shares of the semiconductor company’s stock after selling 6,600 shares during the quarter. Westpac Banking Corp owned about 0.09% of Teradyne worth $6,541,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Enterprise Financial Services Corp acquired a new stake in Teradyne in the third quarter worth $305,000. Crossmark Global Holdings Inc. acquired a new stake in Teradyne in the third quarter worth $721,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Teradyne in the third quarter worth $278,000. IFC Holdings Incorporated FL grew its holdings in Teradyne by 11.9% in the third quarter. IFC Holdings Incorporated FL now owns 60,057 shares of the semiconductor company’s stock worth $2,240,000 after purchasing an additional 6,387 shares during the period. Finally, Pictet Asset Management Ltd. lifted its stake in shares of Teradyne by 25.5% in the third quarter. Pictet Asset Management Ltd. now owns 3,034,185 shares of the semiconductor company’s stock valued at $113,144,000 after buying an additional 615,971 shares in the last quarter. Institutional investors and hedge funds own 92.24% of the company’s stock.

A number of research analysts have weighed in on TER shares. Zacks Investment Research lowered shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Robert W. Baird reaffirmed a “positive” rating and issued a $48.00 price objective (up from $37.00) on shares of Teradyne in a research note on Friday, October 27th. Cowen and Company set a $41.00 price objective on shares of Teradyne and gave the company a “buy” rating in a research note on Friday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Teradyne in a research note on Friday, September 1st. Finally, BidaskClub raised shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.17.

Teradyne, Inc. (TER) opened at $42.88 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.67 and a current ratio of 4.96. The company has a market capitalization of $8,417.75, a price-to-earnings ratio of 19.34, a PEG ratio of 1.60 and a beta of 1.04.

Teradyne (NYSE:TER) last posted its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.11. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The firm had revenue of $503.40 million during the quarter, compared to the consensus estimate of $472.86 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. analysts expect that Teradyne, Inc. will post 2.22 earnings per share for the current fiscal year.

In other Teradyne news, Director Michael A. Bradley sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $42.80, for a total transaction of $428,000.00. Following the completion of the sale, the director now owns 145,836 shares of the company’s stock, valued at $6,241,780.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael A. Bradley sold 22,168 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $35.64, for a total value of $790,067.52. Following the completion of the sale, the director now directly owns 194,938 shares of the company’s stock, valued at approximately $6,947,590.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,012 shares of company stock valued at $4,709,929. 0.62% of the stock is owned by company insiders.

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Teradyne Profile

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.

Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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