Capital Investment Counsel Inc Boosts Stock Position in Teradyne, Inc. (NASDAQ:TER)

Capital Investment Counsel Inc lifted its position in Teradyne, Inc. (NASDAQ:TER) by 17.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,968 shares of the company’s stock after purchasing an additional 5,090 shares during the quarter. Capital Investment Counsel Inc’s holdings in Teradyne were worth $3,686,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TER. Cornerstone Planning Group LLC bought a new position in shares of Teradyne during the third quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Teradyne during the third quarter valued at about $27,000. CVA Family Office LLC purchased a new stake in shares of Teradyne during the fourth quarter worth about $33,000. Venturi Wealth Management LLC purchased a new stake in shares of Teradyne during the third quarter worth about $36,000. Finally, NBC Securities Inc. purchased a new stake in shares of Teradyne during the third quarter worth about $37,000. Institutional investors own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on TER. JPMorgan Chase & Co. raised their price objective on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Robert W. Baird raised their price target on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price target on shares of Teradyne in a research report on Thursday. Evercore ISI assumed coverage on shares of Teradyne in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 target price for the company. Finally, Susquehanna lifted their target price on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research report on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $117.83.

Teradyne Price Performance

Shares of Teradyne stock traded up $0.89 during trading hours on Monday, reaching $115.02. The company’s stock had a trading volume of 179,309 shares, compared to its average volume of 1,902,136. The stock has a market cap of $17.59 billion, a P/E ratio of 43.40 and a beta of 1.56. Teradyne, Inc. has a one year low of $81.07 and a one year high of $119.20. The firm has a 50 day moving average price of $105.62 and a 200-day moving average price of $100.55.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. The company had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. As a group, sell-side analysts forecast that Teradyne, Inc. will post 2.87 EPS for the current fiscal year.

Insider Buying and Selling at Teradyne

In other news, CFO Sanjay Mehta sold 8,653 shares of the company’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 completion of the sale, the chief financial officer now owns 31,180 shares of the company’s stock, valued at approximately $3,277,018. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Sanjay Mehta sold 8,653 shares of Teradyne stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total transaction of $909,430.30. Following the transaction, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at $3,277,018. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Richard John Burns sold 1,744 shares of Teradyne stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $104.89, for a total transaction of $182,928.16. Following the transaction, the insider now directly owns 16,734 shares in the company, valued at $1,755,229.26. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

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.