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

IFM Investors Pty Ltd decreased its holdings in Teradyne, Inc. (NASDAQ:TER) by 3.6% in the first quarter, Holdings Channel reports. The fund owned 32,810 shares of the company’s stock after selling 1,229 shares during the period. IFM Investors Pty Ltd’s holdings in Teradyne were worth $3,702,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Marshall Financial Group LLC raised its stake in Teradyne by 1.2% during the fourth quarter. Marshall Financial Group LLC now owns 8,251 shares of the company’s stock worth $895,000 after purchasing an additional 96 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of Teradyne by 24.0% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company’s stock valued at $56,000 after buying an additional 100 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of Teradyne by 4.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company’s stock valued at $255,000 after buying an additional 107 shares during the period. Congress Asset Management Co. MA lifted its holdings in Teradyne by 2.9% in the fourth quarter. Congress Asset Management Co. MA now owns 3,860 shares of the company’s stock valued at $419,000 after acquiring an additional 110 shares during the last quarter. Finally, Meritage Group LP grew its position in Teradyne by 5.3% in the fourth quarter. Meritage Group LP now owns 2,218 shares of the company’s stock worth $241,000 after acquiring an additional 111 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of NASDAQ:TER traded up $5.22 during trading on Friday, hitting $114.13. 5,205,516 shares of the company were exchanged, compared to its average volume of 2,014,893. The firm’s 50 day moving average price is $105.62 and its 200-day moving average price is $100.53. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $119.20. The stock has a market capitalization of $17.46 billion, a P/E ratio of 43.40 and a beta of 1.56.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm had revenue of $599.82 million for the quarter, compared to analyst estimates of $566.31 million. During the same period last year, the business earned $0.55 EPS. Teradyne’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Teradyne, Inc. will post 2.82 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on TER shares. JPMorgan Chase & Co. lifted their target price on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. The Goldman Sachs Group raised their price target on shares of Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a research report on Friday. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a research report on Thursday. Robert W. Baird raised their target price on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday. Finally, Susquehanna lifted their price target on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $115.69.

Insider Buying and Selling

In related news, Director Ernest E. Maddock acquired 1,000 shares of Teradyne stock in a transaction on 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 purchase, the director now directly owns 4,728 shares in the company, valued at $444,762.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Teradyne news, Director Ernest E. Maddock purchased 1,000 shares of Teradyne stock in a transaction dated Thursday, February 1st. The stock was acquired at an average cost of $94.07 per share, with a total value of $94,070.00. Following the acquisition, the director now directly owns 4,728 shares of the company’s stock, valued at $444,762.96. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sanjay Mehta sold 8,653 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total value of $909,430.30. Following the completion of the sale, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at approximately $3,277,018. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

Teradyne Company Profile

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.