Stifel Financial Corp Has $17.42 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Stifel Financial Corp reduced its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 23.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,316 shares of the company's stock after selling 41,325 shares during the period. Stifel Financial Corp owned about 0.08% of Teradyne worth $17,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Compass Financial Services Inc acquired a new position in shares of Teradyne in the fourth quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Teradyne in the fourth quarter valued at $34,000. AllSquare Wealth Management LLC lifted its position in Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after buying an additional 200 shares during the period. Manchester Capital Management LLC increased its stake in shares of Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after acquiring an additional 227 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Teradyne in the fourth quarter worth approximately $45,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Price Performance

Shares of Teradyne stock traded up $0.43 during trading on Thursday, hitting $74.64. 630,582 shares of the company's stock traded hands, compared to its average volume of 3,378,641. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21. The company has a market cap of $12.01 billion, a PE ratio of 22.41, a PEG ratio of 2.83 and a beta of 1.65. The firm's fifty day moving average price is $85.79 and its 200 day moving average price is $107.91.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.14. The firm had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 earnings per share. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne declared that its Board of Directors has approved a share repurchase plan on Monday, April 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TER has been the topic of a number of recent analyst reports. Robert W. Baird cut their price target on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley lowered their price target on Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Vertical Research began coverage on Teradyne in a report on Friday, March 7th. They issued a "buy" rating and a $135.00 price objective on the stock. TD Cowen decreased their target price on Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Finally, Stifel Nicolaus reduced their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Teradyne has a consensus rating of "Moderate Buy" and a consensus price target of $117.56.

Insider Activity

In other news, insider Richard John Burns sold 445 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the transaction, the insider now directly owns 25,191 shares of the company's stock, valued at $2,808,544.59. This trade represents a 1.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Mehta sold 1,384 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $154,302.16. Following the transaction, the chief financial officer now owns 36,576 shares of the company's stock, valued at approximately $4,077,858.24. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,045 shares of company stock worth $227,997. 0.16% of the stock is owned by corporate insiders.

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.