Teradyne, Inc. (NASDAQ:TER) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its position in shares of Teradyne, Inc. (NASDAQ:TER) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 140,234 shares of the company’s stock after selling 5,778 shares during the quarter. Fisher Asset Management LLC owned 0.09% of Teradyne worth $15,218,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC boosted its holdings in Teradyne by 7.1% in the third quarter. Commonwealth Equity Services LLC now owns 14,245 shares of the company’s stock valued at $1,431,000 after purchasing an additional 948 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Teradyne by 2.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 8,753 shares of the company’s stock worth $879,000 after acquiring an additional 198 shares during the period. Bank of New York Mellon Corp grew its stake in Teradyne by 3.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,632,831 shares of the company’s stock valued at $164,034,000 after acquiring an additional 47,889 shares in the last quarter. Forsta AP Fonden grew its holdings in Teradyne by 0.7% in the 3rd quarter. Forsta AP Fonden now owns 30,400 shares of the company’s stock valued at $3,054,000 after buying an additional 200 shares in the last quarter. Finally, Concord Wealth Partners acquired a new stake in shares of Teradyne during the 3rd quarter worth approximately $150,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Performance

Shares of TER stock opened at $120.44 on Monday. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $121.86. The company has a 50 day moving average price of $107.25 and a 200 day moving average price of $101.28. The stock has a market capitalization of $18.42 billion, a P/E ratio of 45.79 and a beta of 1.50.

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. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter last year, the company posted $0.55 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, research analysts forecast that Teradyne, Inc. will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TER has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Robert W. Baird raised their price objective on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Susquehanna upped their target price on shares of Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research report on Friday, April 26th. The Goldman Sachs Group lifted their price target on shares of Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Finally, Evercore ISI initiated coverage on shares of Teradyne in a report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $117.83.

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.