Deutsche Bank AG Acquires 175,534 Shares of Teradyne, Inc. (NASDAQ:TER)

Key Points

• Deutsche Bank AG increased its stake in Teradyne, Inc. by 36.3%, acquiring an additional 175,534 shares, bringing its total ownership to approximately 0.41%, valued at about $54.46 million.
• Teradyne's CEO, Gregory Stephen Smith, sold 554 shares at an average price of $105.73, reducing his position by 0.56% to 97,547 shares.
• Analysts have mixed ratings on Teradyne, with an average rating of "Hold" and a consensus price target of $114.44, while some firms have set varying price targets between $85.00 and $155.00.

Deutsche Bank AG boosted its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 36.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 659,317 shares of the company's stock after buying an additional 175,534 shares during the quarter. Deutsche Bank AG owned approximately 0.41% of Teradyne worth $54,460,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Berbice Capital Management LLC lifted its holdings in Teradyne by 200.0% during the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock worth $25,000 after buying an additional 200 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Teradyne during the 4th quarter worth $34,000. Manchester Capital Management LLC lifted its holdings in Teradyne by 44.7% during the 1st quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock worth $37,000 after buying an additional 140 shares in the last quarter. Sentry Investment Management LLC acquired a new position in Teradyne during the 1st quarter worth $45,000. Finally, AdvisorNet Financial Inc lifted its holdings in Teradyne by 319.0% during the 1st quarter. AdvisorNet Financial Inc now owns 595 shares of the company's stock worth $49,000 after buying an additional 453 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Insider Activity

In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of Teradyne stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $105.73, for a total value of $58,574.42. Following the sale, the chief executive officer owned 97,547 shares of the company's stock, valued at $10,313,644.31. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TER has been the topic of several research reports. Stifel Nicolaus upped their price objective on Teradyne from $85.00 to $100.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. The Goldman Sachs Group reissued a "sell" rating and issued a $85.00 price target on shares of Teradyne in a research note on Wednesday, July 30th. Susquehanna cut their price target on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research note on Wednesday, April 30th. Finally, Cantor Fitzgerald set a $105.00 price target on Teradyne and gave the company an "overweight" rating in a research note on Tuesday, June 24th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $114.44.

Teradyne Trading Down 2.6%

TER stock opened at $104.68 on Tuesday. The business's 50-day moving average price is $92.88 and its two-hundred day moving average price is $91.30. The firm has a market cap of $16.65 billion, a PE ratio of 36.22, a P/E/G ratio of 2.25 and a beta of 1.72. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $144.16.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. The firm had revenue of $651.80 million for the quarter, compared to analyst estimates of $649.02 million. Teradyne had a return on equity of 18.16% and a net margin of 16.59%. The company's revenue for the quarter was down 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. On average, analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne announced that its board has initiated a stock buyback plan on Monday, April 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors 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.

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