Fidelity Management & Research Co has recently announced that it has increased stake in Teradyne, Inc. (NASDAQ:TER) by 3.66%. After grabbing 10.53 million shares, the institutional investor is now in possession of 0.37 million shares of the Technology Company. The new investment brought the stake of investor firm to 6.89% having worth around $971.6 million. Moreover, Kayne Anderson Rudnick Investment increased its share by 0.11 million to have a control over 4.43 million shares. And Geode Capital Management LLC raised its holdings to 50035.0 shares by acquiring 3.53 million shares or 2.31% of the stake.
Teradyne, Inc. (TER) concluded trading on 12/21/23 at a closing price of $106.59, with 1.76 million shares of worth about $187.87 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.36% during that period and on Thursday the price saw a gain of about 2.88%. Currently the company’s common shares owned by public are about 155.76M shares, out of which, 152.31M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 20 analysts are covering the TER stock and their offered price forecasts bring an average price target of $108.52. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $140.00 and could fall to a lowest price of $88.00. The stock’s current price level is 1.78% above of average price target set by the analysts, while a rise to estimated low would result in loss of -21.13% for the stock. However, touching the estimated high of $140.00 would mean a gain of 23.86% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 88 times over the past 12 months. They bought 249,644 shares in 40 of the transactions. In 48 selling transactions, insiders dumped 164,699 shares.
Vanguard Total Stock Market ETF, Fidelity Select Port. – Semicondu, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in Teradyne, Inc. Vanguard Total Stock Market ETF is currently holding 4.81 million shares of worth totaling $443.56 million. The company recently came buying 27797.0 shares which brought its stake up to 3.15% of the company’s outstanding shares. Vanguard 500 Index Fund, after buying 3.72 million shares, have now control over 2.43% of the stake in the company. It holds 16314.0 shares of worth $342.89 million.
Teradyne, Inc. (NASDAQ: TER) started trading at $105.99, above $2.38 from concluding price of the previous day. However, the stock later moved at a day high price of 107.02, or with a gain of 2.88%. Stock saw a price change of 1.14% in past 5 days and over the past one month there was a price change of 16.16%. Year-to-date (YTD), TER shares are showing a performance of 22.03% which increased to 21.41% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $81.07 but also hit the highest price of $119.20 during that period. The average intraday trading volume for Teradyne, Inc. shares is 1.61 million. The stock is currently trading 10.80% above its 20-day simple moving average (SMA20), while that difference is up 15.27% for SMA50 and it goes to 6.20% higher than SMA200.
Fidelity Management & Research Co acquired 10.53 million shares of Teradyne, Inc. having value of about $971.6 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 0.37 million shares in the company valued at close to $39614706.45, or have control over 3.66% stake in the company. Teradyne, Inc. (NASDAQ: TER) currently have 155.76M outstanding shares and institutions hold larger chunk of about 103.32% of that. Holding of mutual funds in the company is about 39.05% while other institutional holders and individual stake holders have control over 65.22% and 1.10% of the stake respectively.
The stock has a current market capitalization of $16.30B and its 3Y-monthly beta is at 1.56. PE ratio of stock for trailing 12 months is 34.91, while it has posted earnings per share of $3.05 in the same period. Its PEG reads 4.55 and has Quick Ratio of 1.90 while making debt-to-equity ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TER, volatility over the week remained 1.94% while standing at 2.34% over the month.
Analysts are in expectations that Teradyne, Inc. (TER) stock would likely to be making an EPS of $0.72 in the current quarter, while forecast for next quarter EPS is $0.55 and it is $3.72 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.67 which is $0.79 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.92 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -32.73% while it is estimated to increase by 29.05% in next year. EPS is likely to shrink at an annualized rate of 7.68% for next 5-years, compared to annual growth of 26.96% made by the stock over the past 5-years.
Analysts at 20 brokerage firms have issued recommendations for the Teradyne, Inc. (TER)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.05. Out of those 20 Wall Street analysts, 11 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on December 15, 2023 offering an Underperform rating for the stock and assigned a target price of $100 to it.
