Pacer Advisors Inc. trimmed its position in Teradyne, Inc. (NASDAQ:TER – Free Report) by 32.9% during the first quarter, HoldingsChannel.com reports. The firm owned 9,034 shares of the company’s stock after selling 4,437 shares during the quarter. Pacer Advisors Inc.’s holdings in Teradyne were worth $2,678,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of TER. State Street Corp grew its holdings in shares of Teradyne by 0.9% during the 4th quarter. State Street Corp now owns 7,078,635 shares of the company’s stock worth $1,370,141,000 after purchasing an additional 60,986 shares during the period. Ameriprise Financial Inc. raised its holdings in Teradyne by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock valued at $442,413,000 after buying an additional 143,058 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Teradyne by 18.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock valued at $813,640,000 after buying an additional 659,273 shares in the last quarter. Invesco Ltd. lifted its position in Teradyne by 3.5% during the third quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock valued at $407,322,000 after buying an additional 99,864 shares in the last quarter. Finally, Morgan Stanley grew its stake in Teradyne by 1.9% during the fourth quarter. Morgan Stanley now owns 2,442,014 shares of the company’s stock worth $472,677,000 after buying an additional 45,089 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.
Teradyne Stock Down 1.4%
NASDAQ TER opened at $379.31 on Friday. Teradyne, Inc. has a fifty-two week low of $104.58 and a fifty-two week high of $487.91. The business has a 50 day moving average price of $383.46 and a two-hundred day moving average price of $342.55. The stock has a market cap of $59.30 billion, a PE ratio of 52.03, a P/E/G ratio of 0.78 and a beta of 1.78.
Insiders Place Their Bets
In other Teradyne news, insider Shannon John Poulin sold 656 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total value of $232,880.00. Following the transaction, the insider owned 15,722 shares in the company, valued at $5,581,310. The trade was a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the completion of the transaction, the chief executive officer directly owned 120,470 shares of the company’s stock, valued at approximately $50,962,424.10. The trade was a 3.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 14,261 shares of company stock valued at $5,187,344. Company insiders own 0.19% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on TER. Weiss Ratings raised shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price on the stock in a report on Thursday, April 30th. Morgan Stanley upped their price target on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Stifel Nicolaus raised their price objective on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $396.80.
Check Out Our Latest Report on Teradyne
Teradyne Company 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.
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Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TER – Free Report).
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