Swiss National Bank Sells 17,200 Shares of Teradyne, Inc. (NASDAQ:TER)

Swiss National Bank trimmed its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 481,600 shares of the company's stock after selling 17,200 shares during the period. Swiss National Bank owned 0.32% of Teradyne worth $52,263,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its position in shares of Teradyne by 7.1% in the third quarter. Commonwealth Equity Services LLC now owns 14,245 shares of the company's stock valued at $1,431,000 after buying an additional 948 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Teradyne by 2.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 8,753 shares of the company's stock worth $879,000 after purchasing an additional 198 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Teradyne by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 1,632,831 shares of the company's stock worth $164,034,000 after purchasing an additional 47,889 shares during the last quarter. Forsta AP Fonden grew its position in shares of Teradyne by 0.7% in the third quarter. Forsta AP Fonden now owns 30,400 shares of the company's stock valued at $3,054,000 after purchasing an additional 200 shares during the period. Finally, Concord Wealth Partners acquired a new position in Teradyne in the third quarter valued at $150,000. Institutional investors and hedge funds own 99.77% of the company's stock.

Insider Activity

In related news, CFO Sanjay Mehta sold 3,750 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the sale, the chief financial officer now directly owns 41,902 shares in the company, valued at approximately $5,030,754.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

Teradyne Stock Down 0.7 %

Shares of Teradyne stock traded down $0.86 during trading on Tuesday, hitting $121.09. The stock had a trading volume of 2,749,810 shares, compared to its average volume of 1,974,419. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $123.65. The stock has a 50 day simple moving average of $107.65 and a 200 day simple moving average of $101.48. The company has a market capitalization of $18.52 billion, a PE ratio of 46.04 and a beta of 1.50.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to analysts' expectations of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. As a group, equities analysts expect that Teradyne, Inc. will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Cantor Fitzgerald restated a "neutral" rating and issued a $110.00 price objective on shares of Teradyne in a report on Thursday, April 25th. The Goldman Sachs Group raised their price objective on Teradyne from $107.00 to $118.00 and gave the company a "neutral" rating in a research report on Friday, April 26th. Evercore ISI started coverage on Teradyne in a report on Tuesday, April 16th. They set an "outperform" rating and a $130.00 target price on the stock. Susquehanna boosted their target price on shares of Teradyne from $125.00 to $130.00 and gave the stock a "positive" rating in a research report on Friday, April 26th. Finally, Robert W. Baird raised their price target on shares of Teradyne from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $117.83.

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.