Geode Capital Management LLC increased its position in Teradyne Inc. (NYSE:TER) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,298,664 shares of the company’s stock after buying an additional 59,842 shares during the period. Geode Capital Management LLC owned 0.63% of Teradyne worth $28,037,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. US Bancorp DE raised its position in Teradyne by 38.1% in the fourth quarter. US Bancorp DE now owns 68,199 shares of the company’s stock worth $1,410,000 after buying an additional 18,814 shares during the last quarter. Schroder Investment Management Group bought a new position in Teradyne during the fourth quarter worth approximately $12,850,000. Wells Fargo & Company MN raised its position in Teradyne by 15.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,221,203 shares of the company’s stock worth $87,252,000 after buying an additional 556,269 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in Teradyne by 23.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 745,575 shares of the company’s stock worth $15,411,000 after buying an additional 141,990 shares during the last quarter. Finally, Twin Capital Management Inc. raised its position in Teradyne by 28.3% in the fourth quarter. Twin Capital Management Inc. now owns 109,140 shares of the company’s stock worth $2,256,000 after buying an additional 24,050 shares during the last quarter.
Teradyne Inc. (NYSE:TER) traded up 1.29% during mid-day trading on Tuesday, hitting $21.13. The company had a trading volume of 1,735,333 shares. The stock has a 50 day moving average price of $19.95 and a 200-day moving average price of $19.72. The stock has a market capitalization of $4.29 billion and a PE ratio of 19.86. Teradyne Inc. has a 1-year low of $16.06 and a 1-year high of $21.84.
Several research firms recently issued reports on TER. Stifel Nicolaus lowered Teradyne from a “buy” rating to a “hold” rating in a research note on Wednesday, July 20th. They noted that the move was a valuation call. Susquehanna lifted their price objective on Teradyne from $22.00 to $23.00 and gave the company a “positive” rating in a research note on Monday, March 28th. Zacks Investment Research raised Teradyne from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Needham & Company LLC began coverage on Teradyne in a research note on Thursday, July 7th. They set a “buy” rating and a $23.00 price objective for the company. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Teradyne in a research note on Sunday, June 26th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Teradyne presently has a consensus rating of “Buy” and a consensus price target of $22.75.
In other Teradyne news, Director Daniel W. Christman sold 3,668 shares of the company’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $18.86, for a total transaction of $69,178.48. Following the completion of the transaction, the director now owns 24,596 shares in the company, valued at approximately $463,880.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.
