Van ECK Associates Corp Purchases 923,612 Shares of Teradyne, Inc. (NASDAQ:TER)

Van ECK Associates Corp increased its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,361,091 shares of the company's stock after acquiring an additional 923,612 shares during the period. Teradyne comprises approximately 0.9% of Van ECK Associates Corp's portfolio, making the stock its 27th biggest holding. Van ECK Associates Corp owned about 2.85% of Teradyne worth $473,265,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC bought a new stake in shares of Teradyne during the 3rd quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Teradyne in the third quarter worth $27,000. CVA Family Office LLC purchased a new stake in Teradyne in the 4th quarter worth about $33,000. Cambridge Trust Co. purchased a new stake in shares of Teradyne during the 4th quarter valued at approximately $38,000. Finally, Venturi Wealth Management LLC purchased a new stake in Teradyne during the 3rd quarter worth about $36,000. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Up 3.6 %

Shares of NASDAQ TER traded up $4.16 during trading on Monday, reaching $118.29. 2,184,067 shares of the company traded hands, compared to its average volume of 1,927,556. The stock has a market capitalization of $18.09 billion, a PE ratio of 44.98 and a beta of 1.56. The firm has a 50 day simple moving average of $105.94 and a 200-day simple moving average of $100.68. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $119.20.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.18. The company had revenue of $599.82 million during the quarter, compared to analysts' expectations 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 business earned $0.55 earnings per share. As a group, research analysts predict that Teradyne, Inc. will post 2.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird raised their price objective on shares of Teradyne from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday. Evercore ISI initiated coverage on shares of Teradyne in a report on Tuesday, April 16th. They issued an "outperform" rating and a $130.00 price target for the company. The Goldman Sachs Group increased their price objective on Teradyne from $107.00 to $118.00 and gave the stock a "neutral" rating in a research report on Friday. Susquehanna boosted their target price on Teradyne from $125.00 to $130.00 and gave the stock a "positive" rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their target price on Teradyne from $100.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $117.83.

Insiders Place Their Bets

In other Teradyne news, Director Ernest E. Maddock purchased 1,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of $94.07 per share, with a total value of $94,070.00. Following the acquisition, the director now owns 4,728 shares in the company, valued at $444,762.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Ernest E. Maddock bought 1,000 shares of the company's stock in a transaction on Thursday, February 1st. The shares were acquired at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the purchase, the director now directly owns 4,728 shares of the company's stock, valued at $444,762.96. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sanjay Mehta sold 8,653 shares of the company's 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 completion of the sale, the chief financial officer now owns 31,180 shares of the company's stock, valued at $3,277,018. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

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.

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