Teradyne, Inc. (NASDAQ:TER) Shares Bought by Aspex Management HK Ltd

Aspex Management HK Ltd raised its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 35.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,234,842 shares of the company's stock after purchasing an additional 847,409 shares during the quarter. Teradyne accounts for 11.0% of Aspex Management HK Ltd's investment portfolio, making the stock its 3rd largest position. Aspex Management HK Ltd owned approximately 1.99% of Teradyne worth $407,331,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. AXA S.A. grew its position in Teradyne by 12.7% during the 4th quarter. AXA S.A. now owns 777,113 shares of the company's stock valued at $97,854,000 after purchasing an additional 87,457 shares during the last quarter. 4D Advisors LLC purchased a new stake in shares of Teradyne in the fourth quarter valued at $5,037,000. Arrow Financial Corp grew its stake in Teradyne by 1.5% in the 4th quarter. Arrow Financial Corp now owns 16,846 shares of the company's stock worth $2,121,000 after acquiring an additional 252 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Teradyne during the 4th quarter valued at about $1,001,000. Finally, Freestone Grove Partners LP acquired a new stake in Teradyne in the fourth quarter valued at approximately $8,158,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Analyst Ratings Changes

TER has been the subject of a number of recent analyst reports. Susquehanna cut their price objective on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a report on Wednesday, April 30th. Robert W. Baird dropped their price objective on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Citigroup reduced their target price on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Northland Securities reduced their target price on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Finally, Vertical Research started coverage on Teradyne in a research note on Friday, March 7th. They issued a "buy" rating and a $135.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Teradyne currently has an average rating of "Moderate Buy" and a consensus price target of $117.56.

Teradyne Stock Performance

Teradyne stock traded up $2.46 during trading on Thursday, reaching $77.55. 1,205,075 shares of the company's stock were exchanged, compared to its average volume of 2,569,705. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21. The company's 50-day moving average is $82.11 and its two-hundred day moving average is $106.08. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 2.83 and a beta of 1.70.

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

Teradyne declared that its board has initiated a stock repurchase plan on Monday, April 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 8.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Teradyne Company 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.