Invesco Ltd. Purchases 387,705 Shares of Teradyne, Inc. (NASDAQ:TER)

Invesco Ltd. lifted its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 16.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,790,898 shares of the company's stock after purchasing an additional 387,705 shares during the period. Invesco Ltd. owned 1.74% of Teradyne worth $230,528,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TER. 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. Susquehanna lowered their target price on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $102.00 target price (up previously from $88.00) on shares of Teradyne in a research report on Thursday, July 17th. UBS Group reaffirmed a "buy" rating and issued a $130.00 target price (up previously from $120.00) on shares of Teradyne in a research report on Thursday, July 31st. Finally, Stifel Nicolaus lifted their price target on Teradyne from $85.00 to $100.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Teradyne currently has an average rating of "Moderate Buy" and a consensus price target of $114.44.

Teradyne Stock Down 2.1%

TER stock traded down $2.40 during mid-day trading on Friday, reaching $109.42. 3,238,385 shares of the company traded hands, compared to its average volume of 4,857,543. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $144.16. The firm's 50 day moving average price is $95.21 and its 200 day moving average price is $91.24. The stock has a market cap of $17.41 billion, a price-to-earnings ratio of 37.86, 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 earnings per share for the quarter, topping 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 firm had revenue of $651.80 million for the quarter, compared to the consensus estimate of $649.02 million. During the same quarter in the previous year, the business earned $0.86 EPS. The company's revenue was down 10.7% compared to the same quarter last year. On average, analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne declared that its board has approved a stock buyback program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes 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 management believes its shares are undervalued.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 554 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $106.00, for a total value of $58,724.00. Following the sale, the chief executive officer owned 96,993 shares in the company, valued at approximately $10,281,258. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

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.