Vanguard Group Inc. Sells 1,119,567 Shares of Teradyne, Inc. $TER

Key Points

• Vanguard trimmed its Teradyne stake by 5.2%, selling 1,119,567 shares and now owning 20,298,150 shares (about 12.96% of the company) valued at roughly $3.93 billion.
• Teradyne reported a strong quarter, beating estimates with EPS of $1.80 (vs. $1.36 est.) and revenue of $1.08 billion, a 43.9% year-over-year increase.
• Analysts are mostly positive—consensus rating is "Moderate Buy" with an average target of $328.87 (several firms raised targets, including UBS to $440)—while shares trade near $402 and the market cap is about $62.94 billion.

Vanguard Group Inc. lessened its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 5.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,298,150 shares of the company's stock after selling 1,119,567 shares during the period. Vanguard Group Inc. owned about 12.96% of Teradyne worth $3,928,910,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. ARK Investment Management LLC raised its holdings in Teradyne by 25.2% during the third quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company's stock worth $374,701,000 after acquiring an additional 548,140 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Teradyne by 9.2% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company's stock valued at $12,542,000 after buying an additional 7,648 shares during the period. Aspen Wealth Strategies LLC bought a new stake in Teradyne in the third quarter valued at approximately $577,000. Assenagon Asset Management S.A. raised its stake in Teradyne by 3,233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company's stock valued at $176,144,000 after buying an additional 882,723 shares during the period. Finally, Nordea Investment Management AB raised its stake in Teradyne by 656.4% in the fourth quarter. Nordea Investment Management AB now owns 125,312 shares of the company's stock valued at $24,554,000 after buying an additional 108,745 shares during the period. Institutional investors own 99.77% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group upped their price objective on Teradyne from $325.00 to $440.00 and gave the company a "buy" rating in a research note on Tuesday, April 21st. Royal Bank Of Canada set a $270.00 price objective on Teradyne in a research note on Monday, February 2nd. Evercore restated an "outperform" rating and issued a $430.00 price objective on shares of Teradyne in a research note on Monday. Northland Securities restated a "market perform" rating and issued a $270.00 price objective on shares of Teradyne in a research note on Wednesday, February 4th. Finally, Wall Street Zen raised Teradyne from a "hold" rating to a "buy" rating in a research report on Saturday, February 21st. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $328.87.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $402.01 on Tuesday. The company has a market capitalization of $62.94 billion, a P/E ratio of 115.52, a P/E/G ratio of 2.46 and a beta of 1.79. Teradyne, Inc. has a 1 year low of $71.27 and a 1 year high of $422.11. The business's 50 day simple moving average is $327.21 and its 200 day simple moving average is $246.20.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.44. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The firm's quarterly revenue was up 43.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 earnings per share. On average, sell-side analysts anticipate that Teradyne, Inc. will post 6.22 EPS for the current fiscal year.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company's product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.

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