First National Trust Co Sells 592 Shares of Teradyne, Inc. (NASDAQ:TER)

First National Trust Co decreased its stake in Teradyne, Inc. (NASDAQ:TER) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,166 shares of the company’s stock after selling 592 shares during the period. First National Trust Co’s holdings in Teradyne were worth $561,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TER. FMR LLC boosted its stake in shares of Teradyne by 3.9% during the third quarter. FMR LLC now owns 11,533,715 shares of the company’s stock valued at $1,158,677,000 after purchasing an additional 437,054 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Teradyne by 2.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company’s stock valued at $445,254,000 after buying an additional 106,848 shares during the last quarter. Van ECK Associates Corp boosted its position in Teradyne by 26.9% during the 4th quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company’s stock worth $473,265,000 after buying an additional 923,612 shares during the period. Nordea Investment Management AB grew its holdings in Teradyne by 4.6% during the 3rd quarter. Nordea Investment Management AB now owns 3,177,256 shares of the company’s stock worth $321,062,000 after acquiring an additional 140,579 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Teradyne by 24.4% during the 3rd quarter. Invesco Ltd. now owns 2,427,501 shares of the company’s stock worth $243,867,000 after acquiring an additional 476,763 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Up 2.6 %

TER traded up $3.05 during trading on Friday, hitting $120.44. The company’s stock had a trading volume of 2,694,180 shares, compared to its average volume of 2,462,491. The firm has a market capitalization of $18.42 billion, a P/E ratio of 45.79 and a beta of 1.50. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $121.86. The stock’s fifty day moving average price is $107.25 and its 200-day moving average price is $101.19.

Teradyne (NASDAQ:TER) last released its quarterly earnings data 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 analyst estimates of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. Teradyne’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. Equities research analysts expect that Teradyne, Inc. will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TER. Susquehanna lifted their price target on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a report on Friday, April 26th. Robert W. Baird raised their target price on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. upped their price target on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Evercore ISI started coverage on Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target for the company. Finally, The Goldman Sachs Group lifted their price objective on Teradyne from $107.00 to $118.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $117.83.

About Teradyne

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.