Axxcess Wealth Management LLC Lowers Stock Position in Teradyne, Inc. (NASDAQ:TER)

Axxcess Wealth Management LLC trimmed its stake in Teradyne, Inc. (NASDAQ:TER) by 10.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,398 shares of the company’s stock after selling 1,056 shares during the period. Axxcess Wealth Management LLC’s holdings in Teradyne were worth $1,020,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. increased its stake in Teradyne by 4.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company’s stock worth $255,000 after purchasing an additional 107 shares during the period. Heritage Wealth Management LLC acquired a new stake in Teradyne during the 4th quarter worth approximately $445,000. Andar Capital Management HK Ltd purchased a new position in Teradyne in the 4th quarter valued at approximately $5,849,000. Concord Wealth Partners grew its stake in shares of Teradyne by 12.0% in the fourth quarter. Concord Wealth Partners now owns 1,678 shares of the company’s stock worth $182,000 after acquiring an additional 180 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Teradyne by 26.9% during the fourth quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company’s stock worth $473,265,000 after acquiring an additional 923,612 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Performance

Shares of TER stock opened at $120.44 on Monday. The firm has a market cap of $18.42 billion, a price-to-earnings ratio of 45.79 and a beta of 1.50. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $121.86. The stock’s 50-day moving average is $107.25 and its two-hundred day moving average is $101.28.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. The company had revenue of $599.82 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $0.55 EPS. As a group, research analysts predict that Teradyne, Inc. will post 2.99 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Susquehanna lifted their target price on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a report on Friday, April 26th. JPMorgan Chase & Co. raised their target price on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Evercore ISI initiated coverage on shares of Teradyne in a report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target for the company. Robert W. Baird raised their price objective on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 target price on shares of Teradyne in a research note on Thursday, April 25th. 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’s stock. Based on data from MarketBeat.com, Teradyne has an average rating of “Hold” and an average price target 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.