Teradyne, Inc. $TER Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Teradyne, Inc. by 1.3% in Q1, owning 1,014,741 shares valued at approximately $83.8 million.
• CEO Gregory Stephen Smith sold 554 shares of Teradyne, reducing his ownership by 0.56% to about $10.3 million worth of shares.
• Teradyne's board has approved a $1 billion stock buyback program, indicating confidence in the company’s stock valuation.

Charles Schwab Investment Management Inc. increased its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,014,741 shares of the company's stock after acquiring an additional 12,664 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.63% of Teradyne worth $83,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Snowden Capital Advisors LLC boosted its position in Teradyne by 2.8% during the 4th quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company's stock valued at $472,000 after acquiring an additional 103 shares in the last quarter. Manchester Capital Management LLC boosted its stake in Teradyne by 44.7% during the first quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock worth $37,000 after acquiring an additional 140 shares in the last quarter. Advisory Services Network LLC boosted its stake in Teradyne by 6.3% during the fourth quarter. Advisory Services Network LLC now owns 2,384 shares of the company's stock worth $300,000 after acquiring an additional 141 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Teradyne by 22.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 820 shares of the company's stock worth $68,000 after acquiring an additional 149 shares in the last quarter. Finally, Heritage Family Offices LLP boosted its stake in Teradyne by 6.7% during the first quarter. Heritage Family Offices LLP now owns 2,568 shares of the company's stock worth $212,000 after acquiring an additional 161 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $106.00, for a total value of $58,724.00. Following the completion of the sale, the chief executive officer owned 96,993 shares in the company, valued at approximately $10,281,258. This represents a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TER. Wall Street Zen raised Teradyne from a "sell" rating to a "hold" rating in a research report on Saturday. Cowen restated a "buy" rating on shares of Teradyne in a research note on Wednesday, July 30th. Susquehanna reduced their price target on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. Cantor Fitzgerald set a $105.00 target price on shares of Teradyne and gave the stock an "overweight" rating in a report on Tuesday, June 24th. Finally, UBS Group reissued a "buy" rating and set a $130.00 price objective (up from $120.00) on shares of Teradyne in a research note on Thursday, July 31st. Two analysts have rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $114.44.

Teradyne Stock Performance

NASDAQ TER traded up $1.07 on Monday, reaching $110.49. 572,194 shares of the company's stock traded hands, compared to its average volume of 3,487,493. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $144.16. The stock has a 50 day moving average price of $95.21 and a 200-day moving average price of $91.07. The firm has a market cap of $17.58 billion, a price-to-earnings ratio of 38.18, a P/E/G ratio of 2.29 and a beta of 1.72.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. Teradyne had a return on equity of 18.16% and a net margin of 16.59%. The business had revenue of $651.80 million during the quarter, compared to analysts' expectations of $649.02 million. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The business's revenue was down 10.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

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

Teradyne 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.