Teradyne, Inc. (NASDAQ:TER) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in Teradyne, Inc. (NASDAQ:TER) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,173 shares of the company’s stock after selling 2,710 shares during the quarter. Amalgamated Bank’s holdings in Teradyne were worth $4,468,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Commonwealth Equity Services LLC grew its stake in shares of Teradyne by 7.1% during the third quarter. Commonwealth Equity Services LLC now owns 14,245 shares of the company’s stock valued at $1,431,000 after acquiring an additional 948 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Teradyne by 2.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 8,753 shares of the company’s stock valued at $879,000 after purchasing an additional 198 shares in the last quarter. Forsta AP Fonden increased its holdings in Teradyne by 0.7% during the 3rd quarter. Forsta AP Fonden now owns 30,400 shares of the company’s stock worth $3,054,000 after purchasing an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Teradyne by 4.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,572 shares of the company’s stock valued at $2,770,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Strs Ohio boosted its stake in shares of Teradyne by 57.9% during the 3rd quarter. Strs Ohio now owns 13,140 shares of the company’s stock valued at $1,320,000 after buying an additional 4,819 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Price Performance

NASDAQ TER opened at $121.09 on Wednesday. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $123.65. The firm has a market capitalization of $18.52 billion, a price-to-earnings ratio of 46.04 and a beta of 1.50. The company has a 50 day simple moving average of $107.65 and a 200-day simple moving average of $101.48.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm had revenue of $599.82 million during the quarter, compared to the consensus estimate of $566.31 million. During the same period in the prior year, the firm earned $0.55 EPS. The business’s revenue was down 2.9% on a year-over-year basis. On average, analysts predict that Teradyne, Inc. will post 2.99 EPS for the current year.

Insider Transactions at Teradyne

In other news, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the sale, the chief financial officer now directly owns 41,902 shares in the company, valued at approximately $5,030,754.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

TER has been the topic of several recent analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a report on Thursday, April 25th. Evercore ISI started coverage on shares of Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target on the stock. Robert W. Baird boosted their target price on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. The Goldman Sachs Group raised their target price on Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $117.83.

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.