Teradyne, Inc. (NASDAQ:TER) Shares Acquired by abrdn plc

abrdn plc grew its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 70.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,093 shares of the company's stock after purchasing an additional 26,801 shares during the period. abrdn plc's holdings in Teradyne were worth $7,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Marshall Financial Group LLC lifted its holdings in Teradyne by 1.2% in the fourth quarter. Marshall Financial Group LLC now owns 8,251 shares of the company's stock valued at $895,000 after acquiring an additional 96 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Teradyne by 24.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company's stock valued at $56,000 after acquiring an additional 100 shares during the last quarter. TFC Financial Management Inc. lifted its holdings in Teradyne by 18.3% in the third quarter. TFC Financial Management Inc. now owns 745 shares of the company's stock valued at $75,000 after acquiring an additional 115 shares during the last quarter. Lido Advisors LLC lifted its holdings in Teradyne by 0.6% in the third quarter. Lido Advisors LLC now owns 20,369 shares of the company's stock valued at $2,046,000 after acquiring an additional 125 shares during the last quarter. Finally, Guinness Asset Management LTD lifted its holdings in Teradyne by 2.5% in the third quarter. Guinness Asset Management LTD now owns 5,233 shares of the company's stock valued at $525,000 after acquiring an additional 130 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on TER shares. The Goldman Sachs Group upped their price objective on Teradyne from $107.00 to $118.00 and gave the company a "neutral" rating in a report on Friday. JPMorgan Chase & Co. upped their price target on Teradyne from $100.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday, April 11th. Evercore ISI assumed coverage on Teradyne in a research note on Tuesday, April 16th. They set an "outperform" rating and a $130.00 price target on the stock. Susquehanna upped their price target on Teradyne from $125.00 to $130.00 and gave the stock a "positive" rating in a research note on Friday. Finally, Robert W. Baird upped their price target on Teradyne from $110.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $115.69.

Insider Activity at Teradyne

In related news, CFO Sanjay Mehta sold 8,653 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total value of $909,430.30. Following the transaction, the chief financial officer now owns 31,180 shares of the company's stock, valued at $3,277,018. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Sanjay Mehta sold 8,653 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total value of $909,430.30. Following the transaction, the chief financial officer now owns 31,180 shares of the company's stock, valued at $3,277,018. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ernest E. Maddock acquired 1,000 shares of the company's stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the acquisition, the director now owns 4,728 shares of the company's stock, valued at approximately $444,762.96. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by corporate insiders.

Teradyne Stock Performance

Shares of Teradyne stock traded up $5.22 during trading hours on Friday, reaching $114.13. 5,205,516 shares of the company were exchanged, compared to its average volume of 2,014,893. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $119.20. The stock's fifty day moving average is $105.62 and its 200 day moving average is $100.54. The firm has a market cap of $17.46 billion, a PE ratio of 43.40 and a beta of 1.56.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. The firm had revenue of $599.82 million for the quarter, compared to analyst estimates of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. Teradyne's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. Research analysts expect that Teradyne, Inc. will post 2.82 earnings per share for the current year.

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.