Gulf International Bank UK Ltd Has $861,000 Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Gulf International Bank UK Ltd reduced its position in shares of Teradyne, Inc. (NASDAQ:TER) by 14.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,428 shares of the company’s stock after selling 1,715 shares during the period. Gulf International Bank UK Ltd’s holdings in Teradyne were worth $861,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TER. DAVENPORT & Co LLC raised its holdings in shares of Teradyne by 29.8% during the 1st quarter. DAVENPORT & Co LLC now owns 5,094 shares of the company’s stock worth $421,000 after buying an additional 1,170 shares in the last quarter. Park Avenue Securities LLC grew its position in Teradyne by 56.0% in the first quarter. Park Avenue Securities LLC now owns 3,045 shares of the company’s stock valued at $252,000 after acquiring an additional 1,093 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in Teradyne by 6.4% during the first quarter. Crossmark Global Holdings Inc. now owns 4,328 shares of the company’s stock worth $357,000 after acquiring an additional 261 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Teradyne by 5.5% in the first quarter. Asset Management One Co. Ltd. now owns 68,612 shares of the company’s stock worth $5,667,000 after acquiring an additional 3,589 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Teradyne by 306.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,661 shares of the company’s stock valued at $3,111,000 after purchasing an additional 28,406 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Teradyne from $85.00 to $100.00 and gave the company a “hold” rating in a report on Thursday, July 31st. Cantor Fitzgerald set a $105.00 target price on shares of Teradyne and gave the stock an “overweight” rating in a research note on Tuesday, June 24th. Susquehanna dropped their price target on Teradyne from $155.00 to $133.00 and set a “positive” rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group reissued a “sell” rating and set a $85.00 price objective on shares of Teradyne in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 target price (up previously from $88.00) on shares of Teradyne in a report on Thursday, July 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $114.44.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 554 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $106.00, for a total value of $58,724.00. Following the transaction, the chief executive officer directly owned 96,993 shares of the company’s stock, valued at $10,281,258. The trade was a 0.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.16% of the company’s stock.

Teradyne Stock Performance

Teradyne stock opened at $109.42 on Friday. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 2.29 and a beta of 1.72. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $144.16. The firm has a 50 day moving average price of $95.21 and a two-hundred day moving average price of $91.24.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data 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. The company had revenue of $651.80 million during the quarter, compared to analysts’ expectations of $649.02 million. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. Teradyne’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 earnings per share. As a group, equities research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne declared that its Board of Directors has initiated a stock buyback plan on Monday, April 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.