PGGM Investments Has $4 Million Stock Position in Teradyne, Inc. (NASDAQ:TER)

PGGM Investments cut its stake in Teradyne, Inc. (NASDAQ:TER) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,900 shares of the company’s stock after selling 3,573 shares during the period. PGGM Investments’ holdings in Teradyne were worth $4,004,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TER. FMR LLC lifted its holdings in Teradyne by 3.9% during the 3rd quarter. FMR LLC now owns 11,533,715 shares of the company’s stock valued at $1,158,677,000 after purchasing an additional 437,054 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Teradyne by 2.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company’s stock worth $445,254,000 after buying an additional 106,848 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Teradyne by 13.9% during the third quarter. Van ECK Associates Corp now owns 3,437,479 shares of the company’s stock worth $345,329,000 after buying an additional 419,838 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Teradyne by 4.6% during the third quarter. Nordea Investment Management AB now owns 3,177,256 shares of the company’s stock worth $321,062,000 after buying an additional 140,579 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Teradyne by 24.4% during the third quarter. Invesco Ltd. now owns 2,427,501 shares of the company’s stock worth $243,867,000 after buying an additional 476,763 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on TER. The Goldman Sachs Group raised their price objective on shares of Teradyne from $107.00 to $118.00 and gave the stock a “neutral” rating in a report on Friday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Susquehanna increased their price target on shares of Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research note on Friday. Finally, Robert W. Baird increased their price target on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday. One 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 company. Based on data from MarketBeat.com, Teradyne has an average rating of “Hold” and an average target price of $117.83.

Teradyne Stock Up 4.8 %

Shares of NASDAQ TER opened at $114.13 on Monday. The company’s fifty day moving average is $105.62 and its 200-day moving average is $100.55. The stock has a market cap of $17.46 billion, a price-to-earnings ratio of 43.40 and a beta of 1.56. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $119.20.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. The company had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. On average, research analysts anticipate that Teradyne, Inc. will post 2.87 EPS for the current fiscal year.

Insider Transactions at Teradyne

In other news, insider Richard John Burns sold 1,744 shares of Teradyne stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $104.89, for a total transaction of $182,928.16. Following the transaction, the insider now directly owns 16,734 shares of the company’s stock, valued at $1,755,229.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Sanjay Mehta sold 8,653 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total transaction of $909,430.30. Following the transaction, the chief financial officer now directly owns 31,180 shares in the company, valued at approximately $3,277,018. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard John Burns sold 1,744 shares of Teradyne stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $104.89, for a total transaction of $182,928.16. Following the sale, the insider now directly owns 16,734 shares of the company’s stock, valued at approximately $1,755,229.26. The disclosure for this sale can be found here. Insiders own 0.18% 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.