ING Groep NV Sells 150,005 Shares of Teradyne, Inc. (NASDAQ:TER)

ING Groep NV lowered its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 87.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,796 shares of the company's stock after selling 150,005 shares during the quarter. ING Groep NV's holdings in Teradyne were worth $1,718,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL bought a new position in shares of Teradyne during the 4th quarter valued at approximately $34,000. Berbice Capital Management LLC grew its stake in shares of Teradyne by 200.0% during the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock valued at $25,000 after acquiring an additional 200 shares during the period. Manchester Capital Management LLC grew its stake in shares of Teradyne by 44.7% during the 1st quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock valued at $37,000 after acquiring an additional 140 shares during the period. Sentry Investment Management LLC bought a new position in shares of Teradyne during the 1st quarter valued at approximately $45,000. Finally, Transce3nd LLC bought a new position in shares of Teradyne during the 4th quarter valued at approximately $73,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Trading Up 1.5%

NASDAQ:TER traded up $1.58 during midday trading on Thursday, hitting $106.46. 2,958,501 shares of the company traded hands, compared to its average volume of 5,052,279. The firm's fifty day moving average is $91.78 and its 200-day moving average is $92.22. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $144.16. The firm has a market capitalization of $16.93 billion, a P/E ratio of 36.84, a P/E/G ratio of 2.20 and a beta of 1.72.

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

Teradyne announced that its board has authorized a share repurchase program on Monday, April 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 8.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 554 shares of the stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $105.73, for a total transaction of $58,574.42. Following the sale, the chief executive officer owned 97,547 shares in the company, valued at approximately $10,313,644.31. This represents a 0.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TER. Wall Street Zen downgraded Teradyne from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Stifel Nicolaus upped their price target on Teradyne from $85.00 to $100.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. Cowen restated a "buy" rating on shares of Teradyne in a research note on Wednesday, July 30th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $102.00 price target (up from $88.00) on shares of Teradyne in a research note on Thursday, July 17th. Finally, UBS Group restated a "buy" rating and issued a $130.00 price target (up from $120.00) on shares of Teradyne in a research note on Thursday, July 31st. Three research analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $114.44.

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.