Zurcher Kantonalbank Zurich Cantonalbank Purchases 360 Shares of Teradyne, Inc. (NASDAQ:TER)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Teradyne, Inc. (NASDAQ:TER) by 1.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,932 shares of the company’s stock after purchasing an additional 360 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Teradyne were worth $3,031,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. United Asset Strategies Inc. boosted its holdings in shares of Teradyne by 1.9% during the 4th quarter. United Asset Strategies Inc. now owns 127,174 shares of the company’s stock valued at $13,801,000 after acquiring an additional 2,409 shares during the last quarter. LifePlan Financial LLC purchased a new stake in shares of Teradyne during the 4th quarter valued at about $1,001,000. Louisiana State Employees Retirement System purchased a new stake in shares of Teradyne during the 4th quarter valued at about $998,000. NewEdge Wealth LLC boosted its holdings in shares of Teradyne by 3.8% during the 4th quarter. NewEdge Wealth LLC now owns 33,937 shares of the company’s stock valued at $3,683,000 after acquiring an additional 1,237 shares during the last quarter. Finally, Sapient Capital LLC purchased a new stake in shares of Teradyne during the 4th quarter valued at about $1,014,000. 99.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Teradyne

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Evercore ISI assumed coverage on shares of Teradyne in a report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price target on shares of Teradyne in a report on Monday, March 4th. Finally, 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $113.73.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $97.76 on Tuesday. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $119.20. The company has a market capitalization of $14.95 billion, a P/E ratio of 35.81 and a beta of 1.56. The firm’s 50 day simple moving average is $105.25 and its two-hundred day simple moving average is $100.37.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The business had revenue of $670.60 million for the quarter, compared to the consensus estimate of $674.99 million. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, sell-side analysts anticipate that Teradyne, Inc. will post 2.82 earnings per share for the current fiscal year.

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.