New York Life Investment Management LLC Cuts Holdings in Teradyne, Inc. (NASDAQ:TER)

New York Life Investment Management LLC trimmed its position in shares of Teradyne, Inc. (NASDAQ:TER) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,980 shares of the company’s stock after selling 206 shares during the quarter. New York Life Investment Management LLC’s holdings in Teradyne were worth $2,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC bought a new position in Teradyne in the 3rd quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Teradyne in the 3rd quarter worth $27,000. CVA Family Office LLC bought a new position in Teradyne in the 4th quarter worth $33,000. Cambridge Trust Co. bought a new position in Teradyne in the 4th quarter worth $38,000. Finally, Venturi Wealth Management LLC bought a new position in Teradyne in the 3rd quarter worth $36,000. 99.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TER shares. JPMorgan Chase & Co. increased their price target on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a research note on Thursday, April 25th. Robert W. Baird increased their price target on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. The Goldman Sachs Group increased their price target on Teradyne from $107.00 to $118.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $117.83.

Teradyne Stock Up 2.6 %

Shares of Teradyne 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 twelve month low of $81.07 and a twelve month high of $121.86. The business has a 50-day moving average price of $107.25 and a 200-day moving average price of $101.28.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping 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 return on equity of 18.88% and a net margin of 16.15%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share. On average, equities analysts expect that Teradyne, Inc. will post 2.99 EPS for the current fiscal year.

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.