abrdn plc Buys 26,801 Shares of Teradyne, Inc. (NASDAQ:TER)

abrdn plc grew its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 70.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 65,093 shares of the company’s stock after acquiring an additional 26,801 shares during the quarter. abrdn plc’s holdings in Teradyne were worth $7,064,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Mutual of America Capital Management LLC lifted its position in shares of Teradyne by 6.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 41,973 shares of the company’s stock valued at $4,555,000 after acquiring an additional 2,590 shares during the period. International Assets Investment Management LLC lifted its position in shares of Teradyne by 8,125.5% during the 4th quarter. International Assets Investment Management LLC now owns 133,088 shares of the company’s stock valued at $14,443,000 after acquiring an additional 131,470 shares during the period. Raymond James & Associates lifted its position in shares of Teradyne by 3.8% during the 4th quarter. Raymond James & Associates now owns 448,581 shares of the company’s stock valued at $48,680,000 after acquiring an additional 16,595 shares during the period. Value Aligned Research Advisors LLC bought a new stake in shares of Teradyne during the 4th quarter valued at $2,981,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Teradyne during the 4th quarter worth $998,000. 99.77% of the stock is currently owned by institutional investors.

Insider Activity

In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 4,728 shares in the company, valued at $444,762.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 4,728 shares in the company, valued at $444,762.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard John Burns sold 1,744 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $104.89, for a total value of $182,928.16. Following the sale, the insider now owns 16,734 shares in the company, valued at approximately $1,755,229.26. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Teradyne Trading Up 4.8 %

Shares of TER stock opened at $114.13 on Friday. The stock has a market cap of $17.46 billion, a price-to-earnings ratio of 43.40 and a beta of 1.56. The stock has a 50-day moving average of $105.62 and a 200-day moving average of $100.53. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $119.20.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.18. The company had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Sell-side analysts forecast that Teradyne, Inc. will post 2.82 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TER shares. Susquehanna boosted their price target on Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a report on Friday. JPMorgan Chase & Co. boosted their price target on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. The Goldman Sachs Group boosted their price target on Teradyne from $107.00 to $118.00 and gave the stock a “neutral” rating in a report on Friday. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price target on shares of Teradyne in a report on Thursday. Finally, Robert W. Baird upped their target price on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $115.69.

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.