Axa S.A. Purchases 87,457 Shares of Teradyne, Inc. (NASDAQ:TER)

AXA S.A. lifted its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 777,113 shares of the company's stock after acquiring an additional 87,457 shares during the period. AXA S.A. owned 0.48% of Teradyne worth $97,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Teradyne in the fourth quarter valued at approximately $270,989,000. Van ECK Associates Corp lifted its position in 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 buying an additional 1,846,079 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Teradyne during the fourth quarter worth about $160,087,000. Assenagon Asset Management S.A. increased its position in shares of Teradyne by 1,767.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company's stock valued at $116,233,000 after acquiring an additional 873,626 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in shares of Teradyne by 38.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,873,936 shares of the company's stock valued at $235,966,000 after acquiring an additional 523,296 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Price Performance

NASDAQ TER traded down $1.37 on Tuesday, hitting $74.07. 2,202,748 shares of the company were exchanged, compared to its average volume of 2,572,625. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21. The company's 50 day moving average price is $83.49 and its 200-day moving average price is $106.51. The firm has a market capitalization of $11.91 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70.

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

Teradyne announced that its Board of Directors has initiated a share repurchase program on Monday, April 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

TER has been the subject of a number of research analyst reports. Northland Capmk upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Stifel Nicolaus lowered their price objective on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research note on Wednesday, March 12th. Morgan Stanley cut their target price on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Susquehanna decreased their price target on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research report on Wednesday, April 30th. Finally, Northland Securities cut their price objective on Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Teradyne currently has an average rating of "Moderate Buy" and a consensus price target of $117.56.

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.