Harvest Fund Management Co. Ltd Reduces Holdings in Teradyne, Inc. (NASDAQ:TER)

Harvest Fund Management Co. Ltd lessened its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 29.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,197 shares of the company’s stock after selling 929 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Teradyne were worth $236,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TER. Marshall Financial Group LLC boosted its stake in shares of Teradyne by 1.2% during the fourth quarter. Marshall Financial Group LLC now owns 8,251 shares of the company’s stock valued at $895,000 after acquiring an additional 96 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Teradyne by 24.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company’s stock worth $56,000 after buying an additional 100 shares in the last quarter. TFC Financial Management Inc. raised its position in shares of Teradyne by 18.3% in the third quarter. TFC Financial Management Inc. now owns 745 shares of the company’s stock valued at $75,000 after buying an additional 115 shares during the last quarter. Lido Advisors LLC lifted its stake in shares of Teradyne by 0.6% during the third quarter. Lido Advisors LLC now owns 20,369 shares of the company’s stock valued at $2,046,000 after buying an additional 125 shares during the period. Finally, Guinness Asset Management LTD boosted its position in Teradyne by 2.5% during the third quarter. Guinness Asset Management LTD now owns 5,233 shares of the company’s stock worth $525,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insiders Place Their Bets

In other Teradyne news, CFO Sanjay Mehta sold 8,653 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total value of $909,430.30. Following the sale, the chief financial officer now owns 31,180 shares in the company, valued at $3,277,018. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Ernest E. Maddock bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the transaction, the director now directly owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Mehta sold 8,653 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total transaction of $909,430.30. Following the sale, the chief financial officer now owns 31,180 shares in the company, valued at $3,277,018. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TER has been the subject of several analyst reports. Evercore ISI began coverage on Teradyne in a report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target for the company. JPMorgan Chase & Co. increased their target price on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Teradyne has an average rating of “Hold” and an average target price of $113.73.

Teradyne Trading Up 4.8 %

Teradyne stock opened at $105.50 on Thursday. The stock has a market cap of $16.14 billion, a P/E ratio of 36.89 and a beta of 1.56. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $119.20. The stock has a 50 day moving average of $105.25 and a 200-day moving average of $100.37.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The company had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. During the same quarter last year, the business posted $0.55 EPS. Teradyne’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts predict that Teradyne, Inc. will post 2.82 earnings per share for the current fiscal year.

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.