Charles Schwab Investment Management Inc. Raises Stake in Teradyne, Inc. (NASDAQ:TER)

Charles Schwab Investment Management Inc. grew its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 1.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,014,741 shares of the company’s stock after purchasing an additional 12,664 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.63% of Teradyne worth $83,818,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Snowden Capital Advisors LLC raised its holdings in shares of Teradyne by 2.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company’s stock valued at $472,000 after acquiring an additional 103 shares in the last quarter. Manchester Capital Management LLC raised its holdings in shares of Teradyne by 44.7% in the first quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock valued at $37,000 after acquiring an additional 140 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of Teradyne by 6.3% in the fourth quarter. Advisory Services Network LLC now owns 2,384 shares of the company’s stock valued at $300,000 after acquiring an additional 141 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Teradyne by 22.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 820 shares of the company’s stock valued at $68,000 after acquiring an additional 149 shares in the last quarter. Finally, Heritage Family Offices LLP raised its holdings in shares of Teradyne by 6.7% in the first quarter. Heritage Family Offices LLP now owns 2,568 shares of the company’s stock valued at $212,000 after acquiring an additional 161 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $105.73, for a total value of $58,574.42. Following the sale, the chief executive officer owned 97,547 shares in the company, valued at approximately $10,313,644.31. This represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TER shares. KeyCorp restated a “sector weight” rating on shares of Teradyne in a report on Thursday, April 17th. Wall Street Zen downgraded shares of Teradyne from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Cantor Fitzgerald set a $105.00 target price on shares of Teradyne and gave the stock an “overweight” rating in a report on Tuesday, June 24th. Cowen reiterated a “buy” rating on shares of Teradyne in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 target price (up from $88.00) on shares of Teradyne in a report on Thursday, July 17th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Teradyne presently has an average rating of “Hold” and a consensus price target of $114.44.

Teradyne Trading Up 2.1%

Shares of NASDAQ:TER opened at $114.01 on Thursday. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $144.16. The company’s 50 day moving average is $94.12 and its 200 day moving average is $91.59. The company has a market cap of $18.14 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 2.34 and a beta of 1.72.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The company had revenue of $651.80 million for the quarter, compared to the consensus estimate of $649.02 million. During the same quarter in the prior year, the company earned $0.86 EPS. Teradyne’s quarterly revenue was down 10.7% on a year-over-year basis. Equities research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne announced that its board has approved a stock buyback program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 8.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

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.