20,411 Shares in Teradyne, Inc. (NASDAQ:TER) Acquired by Pinebridge Investments L.P.

Pinebridge Investments L.P. purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 20,411 shares of the company's stock, valued at approximately $2,570,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Teradyne by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock worth $2,569,511,000 after acquiring an additional 92,428 shares in the last quarter. Van ECK Associates Corp increased its stake in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Geode Capital Management LLC raised its holdings in Teradyne by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock worth $515,665,000 after buying an additional 94,374 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in Teradyne by 16.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock worth $355,837,000 after buying an additional 393,175 shares during the period. Finally, Invesco Ltd. raised its holdings in Teradyne by 4.0% during the 4th quarter. Invesco Ltd. now owns 2,403,193 shares of the company's stock worth $302,610,000 after buying an additional 92,195 shares during the period. 99.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on TER shares. Bank of America cut their price objective on Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. Vertical Research started coverage on Teradyne in a report on Friday, March 7th. They set a "buy" rating and a $135.00 price objective on the stock. Northland Securities cut their price objective on Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Citigroup cut their price objective on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Finally, Stifel Nicolaus dropped their target price on Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $117.56.

Insider Activity

In other news, insider Richard John Burns sold 445 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $49,613.05. Following the transaction, the insider now owns 25,191 shares in the company, valued at approximately $2,808,544.59. This trade represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sanjay Mehta sold 1,384 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $154,302.16. Following the transaction, the chief financial officer now owns 36,576 shares in the company, valued at approximately $4,077,858.24. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,045 shares of company stock valued at $227,997 in the last quarter. Company insiders own 0.16% of the company's stock.

Teradyne Stock Performance

NASDAQ:TER traded down $0.52 during trading hours on Thursday, hitting $73.69. The stock had a trading volume of 1,890,937 shares, compared to its average volume of 2,575,755. The company has a market cap of $11.85 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21. The business's 50 day moving average is $85.79 and its 200-day moving average is $107.91.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.14. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The company had revenue of $685.70 million during the quarter, compared to analysts' expectations of $680.54 million. During the same quarter in the prior year, the company earned $0.51 earnings per share. The business's quarterly revenue was up 14.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne announced that its Board of Directors has initiated a share buyback program on Monday, April 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

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.