Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 1.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 27,932 shares of the company’s stock after acquiring an additional 360 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Teradyne were worth $3,031,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC acquired a new position in Teradyne in the 3rd quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Teradyne in the 3rd quarter valued at $27,000. CVA Family Office LLC acquired a new position in Teradyne in the 4th quarter valued at $33,000. Venturi Wealth Management LLC acquired a new position in Teradyne in the 3rd quarter valued at $36,000. Finally, NBC Securities Inc. acquired a new position in Teradyne in the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of Teradyne stock opened at $97.76 on Tuesday. The business has a 50-day moving average of $105.25 and a 200 day moving average of $100.37. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $119.20. The stock has a market capitalization of $14.95 billion, a price-to-earnings ratio of 35.81 and a beta of 1.56.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. The business had revenue of $670.60 million during the quarter, compared to analysts’ expectations of $674.99 million. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. Equities research analysts anticipate that Teradyne, Inc. will post 2.82 earnings per share for the current year.

Insider Buying and Selling

In other Teradyne 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 completion of the purchase, the director now directly owns 4,728 shares in the company, valued at $444,762.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Teradyne news, CFO Sanjay Mehta sold 1,083 shares of Teradyne stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $110.95, for a total transaction of $120,158.85. Following the transaction, the chief financial officer now owns 45,107 shares of the company’s stock, valued at $5,004,621.65. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ernest E. Maddock acquired 1,000 shares of Teradyne stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of $94.07 per share, with a total value of $94,070.00. Following the purchase, the director now owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The disclosure for this purchase can be found here. Insiders sold a total of 11,797 shares of company stock worth $1,248,237 over the last 90 days. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TER shares. JPMorgan Chase & Co. raised their target price on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a research note on Monday, March 4th. Finally, Evercore ISI started coverage on Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Teradyne presently has an average rating of “Hold” and a consensus price target of $113.73.

About Teradyne

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.