Teradyne, Inc. (NASDAQ:TER) Shares Sold by Commerce Bank

Commerce Bank lowered its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 79.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,598 shares of the company's stock after selling 26,085 shares during the period. Commerce Bank's holdings in Teradyne were worth $545,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TER. Strategic Investment Solutions Inc. IL purchased a new position in shares of Teradyne in the fourth quarter worth about $34,000. Berbice Capital Management LLC lifted its position in Teradyne by 200.0% during the first 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. Sentry Investment Management LLC acquired a new position in Teradyne during the first quarter worth $45,000. Transce3nd LLC purchased a new stake in Teradyne in the 4th quarter valued at $73,000. Finally, AdvisorNet Financial Inc increased its stake in shares of Teradyne by 319.0% in the 1st quarter. AdvisorNet Financial Inc now owns 595 shares of the company's stock worth $49,000 after acquiring an additional 453 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Price Performance

Teradyne stock traded up $1.58 during midday trading on Thursday, hitting $106.46. 2,958,501 shares of the stock were exchanged, compared to its average volume of 5,052,279. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $144.16. The company has a 50 day moving average price of $91.78 and a two-hundred day moving average price of $92.22. The firm has a market cap 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 announced its quarterly earnings data 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 company had revenue of $651.80 million during the quarter, compared to analyst estimates of $649.02 million. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The firm's revenue for the quarter was down 10.7% compared to the same quarter last year. During the same period last year, the business earned $0.86 EPS. As a group, analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne declared that its board has approved a share repurchase program on Monday, April 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Transactions at Teradyne

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 transaction, 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 filing with the SEC, which is available at the SEC website. 0.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TER has been the topic of several recent research reports. UBS Group reissued a "buy" rating and set a $130.00 price target (up previously from $120.00) on shares of Teradyne in a research report on Thursday, July 31st. Morgan Stanley upgraded shares of Teradyne from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $74.00 to $100.00 in a report on Thursday, July 31st. Cantor Fitzgerald set a $105.00 price target on shares of Teradyne and gave the company an "overweight" rating in a research note on Tuesday, June 24th. 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 report on Thursday, July 17th. Finally, The Goldman Sachs Group reiterated a "sell" rating and issued a $85.00 price objective on shares of Teradyne in a research report on Wednesday, July 30th. 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 stock. According to data from MarketBeat, Teradyne currently has an average rating of "Hold" and an average price target 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.