Teradyne, Inc. (NASDAQ:TER) Shares Acquired by National Bank of Canada FI

Key Points

• National Bank of Canada FI increased its stake in Teradyne, Inc. by 45.2%, owning 149,418 shares worth approximately $12.3 million at the end of the first quarter.
• Teradyne's CEO, Gregory Stephen Smith, sold 554 shares for about $58,574, reducing his ownership by 0.56%.
• The company reported $0.57 earnings per share for the last quarter, beating expectations, but revenue fell 10.7% year-over-year.

National Bank of Canada FI boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 45.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,418 shares of the company's stock after purchasing an additional 46,526 shares during the quarter. National Bank of Canada FI owned approximately 0.09% of Teradyne worth $12,343,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Teradyne in the 4th quarter valued at about $34,000. Berbice Capital Management LLC increased its holdings in shares of Teradyne by 200.0% in 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 last quarter. Manchester Capital Management LLC increased its holdings in shares of Teradyne by 44.7% in 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 last quarter. Sentry Investment Management LLC purchased a new position in shares of Teradyne in the 1st quarter valued at about $45,000. Finally, Transce3nd LLC purchased a new position in shares of Teradyne in the 4th quarter valued at about $73,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Stock Performance

Teradyne stock traded up $2.38 during mid-day trading on Wednesday, reaching $114.01. 5,223,735 shares of the company were exchanged, compared to its average volume of 4,809,267. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $144.16. The firm's 50-day simple moving average is $94.12 and its two-hundred day simple moving average is $91.59. The firm has a market cap of $18.14 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 2.34 and a beta of 1.72.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $651.80 million during the quarter, compared to analysts' expectations of $649.02 million. During the same period last year, the firm earned $0.86 EPS. The firm's revenue for the quarter was down 10.7% on a year-over-year basis. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne announced that its board has approved a stock repurchase plan on Monday, April 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

TER has been the topic of a number of recent analyst reports. Susquehanna dropped their price objective on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. KeyCorp reiterated a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Stifel Nicolaus increased their price objective on Teradyne from $85.00 to $100.00 and gave the company a "hold" rating in a report on Thursday, July 31st. UBS Group restated a "buy" rating and set a $130.00 price target (up previously from $120.00) on shares of Teradyne in a research note on Thursday, July 31st. Finally, Morgan Stanley upgraded Teradyne from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $74.00 to $100.00 in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $114.44.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 97,547 shares of the company's stock, valued at approximately $10,313,644.31. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.16% of the company's stock.

About Teradyne

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.