QRG Capital Management Inc. lowered its position in Teradyne, Inc. (NASDAQ:TER – Free Report) by 70.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 21,213 shares of the company’s stock after selling 49,623 shares during the period. QRG Capital Management Inc.’s holdings in Teradyne were worth $4,106,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Teradyne in the fourth quarter worth about $37,000. True Wealth Design LLC grew its stake in Teradyne by 49.6% during the 4th quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $41,000 after acquiring an additional 70 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Teradyne in the 3rd quarter valued at about $31,000. Davidson Capital Management Inc. acquired a new stake in Teradyne in the 3rd quarter valued at about $31,000. Finally, Activest Wealth Management lifted its stake in Teradyne by 73.6% in the 4th quarter. Activest Wealth Management now owns 243 shares of the company’s stock worth $47,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.
Teradyne Price Performance
NASDAQ:TER opened at $382.33 on Thursday. The company’s 50-day moving average is $331.01 and its two-hundred day moving average is $253.81. Teradyne, Inc. has a 1-year low of $73.11 and a 1-year high of $422.11. The firm has a market capitalization of $59.85 billion, a price-to-earnings ratio of 70.80, a PEG ratio of 1.47 and a beta of 1.79.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on TER shares. Vertical Research cut Teradyne from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a report on Friday, January 9th. Stifel Nicolaus increased their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Royal Bank Of Canada set a $270.00 price objective on Teradyne in a research report on Monday, February 2nd. Zacks Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Susquehanna upped their target price on Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a report on Thursday, April 9th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $339.80.
Check Out Our Latest Report on Teradyne
Teradyne Profile
Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.
The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.
Further Reading
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