Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC has increased its stake in Teradyne, Inc. by 50.7%, owning shares worth $917,000 at the end of the last reporting period.
• Multiple institutional investors, including Federated Hermes and Vanguard Group, have significantly increased their positions in Teradyne, contributing to a total ownership of 99.77% by institutional investors.
• Teradyne's stock is currently rated as "Hold" by analysts, with a current average target price of $114.44 amidst a recent earnings report showing a revenue decline of 10.7% year-over-year.

Headlands Technologies LLC boosted its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 50.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,105 shares of the company's stock after purchasing an additional 3,738 shares during the quarter. Headlands Technologies LLC's holdings in Teradyne were worth $917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Federated Hermes Inc. lifted its stake in shares of Teradyne by 188.8% in the 1st quarter. Federated Hermes Inc. now owns 2,105,852 shares of the company's stock worth $173,943,000 after purchasing an additional 1,376,631 shares during the period. Ameriprise Financial Inc. raised its holdings in Teradyne by 28.3% in the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock worth $608,025,000 after purchasing an additional 1,065,474 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in Teradyne by 142.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company's stock valued at $191,718,000 after buying an additional 894,849 shares during the last quarter. Aspex Management HK Ltd boosted its position in Teradyne by 35.5% in the 4th quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company's stock worth $407,331,000 after purchasing an additional 847,409 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Teradyne by 2.5% during the first quarter. Vanguard Group Inc. now owns 20,922,231 shares of the company's stock valued at $1,728,176,000 after buying an additional 516,332 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 554 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $105.73, for a total value of $58,574.42. Following the completion of the sale, the chief executive officer owned 97,547 shares in the company, valued at approximately $10,313,644.31. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is owned by insiders.

Teradyne Price Performance

Shares of Teradyne stock traded up $1.01 during trading hours on Friday, reaching $107.47. The company had a trading volume of 3,184,304 shares, compared to its average volume of 4,835,940. The firm has a market cap of $17.10 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 2.25 and a beta of 1.72. Teradyne, Inc. has a one year low of $65.77 and a one year high of $144.16. The business has a fifty day simple moving average of $92.38 and a 200 day simple moving average of $91.75.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 earnings per share (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 previous year, the business earned $0.86 earnings per share. The firm's quarterly revenue was down 10.7% compared to the same quarter last year. On average, research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

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

Wall Street Analyst Weigh In

TER has been the subject of a number of research reports. Morgan Stanley raised shares of Teradyne from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $74.00 to $100.00 in a report on Thursday, July 31st. Cowen restated a "buy" rating on shares of Teradyne in a research note on Wednesday, July 30th. Cantor Fitzgerald set a $105.00 target price on shares of Teradyne and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $102.00 price target (up previously from $88.00) on shares of Teradyne in a research note on Thursday, July 17th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $114.44.

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.