Alkeon Capital Management LLC Has $194.42 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Alkeon Capital Management LLC raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 35.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,544,017 shares of the company's stock after purchasing an additional 400,000 shares during the quarter. Alkeon Capital Management LLC owned 0.95% of Teradyne worth $194,423,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its holdings in shares of Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after purchasing an additional 1,846,079 shares during the period. Proficio Capital Partners LLC purchased a new position in Teradyne during the fourth quarter worth approximately $12,118,000. Franklin Resources Inc. increased its holdings in Teradyne by 30.5% in the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock worth $11,878,000 after acquiring an additional 20,762 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Teradyne by 16.2% during the fourth quarter. Empowered Funds LLC now owns 30,269 shares of the company's stock worth $3,811,000 after purchasing an additional 4,212 shares in the last quarter. Finally, Boston Trust Walden Corp raised its holdings in shares of Teradyne by 3.3% during the fourth quarter. Boston Trust Walden Corp now owns 408,177 shares of the company's stock valued at $51,398,000 after acquiring an additional 13,020 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on TER. Cantor Fitzgerald cut their target price on Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Stifel Nicolaus decreased their target price on Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their price objective on Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Susquehanna lowered their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research note on Wednesday, April 30th. Finally, TD Cowen dropped their price target on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $117.56.

Teradyne Price Performance

Shares of TER stock traded up $2.33 during trading on Thursday, reaching $77.42. The company had a trading volume of 1,457,102 shares, compared to its average volume of 2,570,716. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21. The firm's 50 day simple moving average is $82.11 and its two-hundred day simple moving average is $106.08. The company has a market capitalization of $12.45 billion, a PE ratio of 23.25, a PEG ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.61 by $0.14. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The firm had revenue of $685.70 million during the quarter, compared to analysts' expectations of $680.54 million. During the same period last year, the business earned $0.51 earnings per share. Teradyne's quarterly revenue was up 14.3% compared to the same quarter last year. Analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne declared that its Board of Directors has authorized a share buyback plan on Monday, April 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

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.