World Asset Management Inc boosted its position in shares of Teradyne, Inc. (NYSE:TER) by 15.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,390 shares of the semiconductor company’s stock after buying an additional 1,976 shares during the period. World Asset Management Inc’s holdings in Teradyne were worth $432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Teradyne by 11,980.5% in the first quarter. BlackRock Inc. now owns 18,369,484 shares of the semiconductor company’s stock worth $571,292,000 after buying an additional 18,217,425 shares during the last quarter. Vanguard Group Inc. raised its position in Teradyne by 5.0% in the first quarter. Vanguard Group Inc. now owns 16,743,214 shares of the semiconductor company’s stock worth $520,713,000 after buying an additional 802,000 shares during the last quarter. Bank of New York Mellon Corp raised its position in Teradyne by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 8,920,206 shares of the semiconductor company’s stock worth $277,418,000 after buying an additional 29,594 shares during the last quarter. Thrivent Financial For Lutherans raised its position in Teradyne by 1.7% in the first quarter. Thrivent Financial For Lutherans now owns 3,236,324 shares of the semiconductor company’s stock worth $100,650,000 after buying an additional 52,890 shares during the last quarter. Finally, Primecap Management Co. CA raised its position in Teradyne by 3.2% in the first quarter. Primecap Management Co. CA now owns 2,638,600 shares of the semiconductor company’s stock worth $82,060,000 after buying an additional 81,400 shares during the last quarter. 93.72% of the stock is currently owned by institutional investors.

Teradyne, Inc. (NYSE:TER) opened at 33.48 on Friday. The stock has a 50 day moving average of $33.22 and a 200 day moving average of $32.16. The stock has a market cap of $6.65 billion, a P/E ratio of 17.28 and a beta of 0.95. Teradyne, Inc. has a 1-year low of $20.07 and a 1-year high of $36.86.

Teradyne (NYSE:TER) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The company had revenue of $697 million for the quarter, compared to analysts’ expectations of $683.66 million. During the same quarter last year, the business earned $0.55 EPS. The firm’s revenue was up 31.1% compared to the same quarter last year. Equities analysts anticipate that Teradyne, Inc. will post $1.97 EPS for the current fiscal year.

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TER has been the topic of several research reports. BidaskClub lowered shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Needham & Company LLC lifted their price objective on shares of Teradyne from $32.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Cowen and Company set a $41.00 price objective on shares of Teradyne and gave the stock a “buy” rating in a research report on Friday, July 28th. Deutsche Bank AG lifted their price objective on shares of Teradyne from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Finally, Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Wednesday, June 28th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Teradyne has an average rating of “Buy” and a consensus target price of $35.70.

In other Teradyne news, Director Michael A. Bradley sold 9,235 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $35.32, for a total transaction of $326,180.20. Following the sale, the director now owns 195,405 shares in the company, valued at approximately $6,901,704.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark E. Jagiela sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 248,413 shares in the company, valued at approximately $8,570,248.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,127 shares of company stock worth $2,190,650. 0.62% of the stock is owned by company insiders.

Teradyne Company 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.

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Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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