Hsbc Holdings PLC Trims Holdings in Teradyne, Inc. (NASDAQ:TER)

Hsbc Holdings PLC lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 480,158 shares of the company's stock after selling 71,592 shares during the period. Hsbc Holdings PLC owned 0.29% of Teradyne worth $60,512,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position 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 valued at $2,569,511,000 after acquiring an additional 92,428 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after purchasing an additional 1,846,079 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Teradyne by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock valued at $515,665,000 after purchasing an additional 94,374 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Teradyne by 16.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock valued at $355,837,000 after buying an additional 393,175 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of 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 last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TER. KeyCorp reiterated a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. Vertical Research began coverage on Teradyne in a report on Friday, March 7th. They set a "buy" rating and a $135.00 price target for the company. UBS Group set a $130.00 price objective on shares of Teradyne and gave the company a "buy" rating in a report on Wednesday, March 12th. Morgan Stanley lowered their target price on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Finally, Stifel Nicolaus reduced their price target on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Teradyne currently has an average rating of "Moderate Buy" and an average target price of $118.94.

Teradyne Trading Down 3.1 %

NASDAQ:TER traded down $2.33 during mid-day trading on Wednesday, hitting $72.56. The stock had a trading volume of 1,311,817 shares, compared to its average volume of 2,561,193. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21. The stock has a 50-day simple moving average of $86.62 and a two-hundred day simple moving average of $108.15. The company has a market capitalization of $11.67 billion, a PE ratio of 21.72, a PEG ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.14. The business had revenue of $685.70 million for the quarter, compared to analyst estimates of $680.54 million. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The company's revenue was up 14.3% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. Sell-side analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne announced that its Board of Directors has initiated 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 repurchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Richard John Burns sold 445 shares of the business'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 sale, the insider now owns 25,191 shares in the company, valued at approximately $2,808,544.59. The trade was a 1.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sanjay Mehta sold 1,384 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the completion of the transaction, the chief financial officer now owns 36,576 shares of the company's stock, valued at approximately $4,077,858.24. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,096 shares of company stock valued at $335,199 in the last ninety days. Insiders own 0.16% of the company's stock.

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.