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

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

A number of other institutional investors and hedge funds have also made changes to their positions in TER. Cornerstone Planning Group LLC purchased a new position in Teradyne during the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Teradyne during the 3rd quarter worth about $27,000. CVA Family Office LLC bought a new position in Teradyne during the 4th quarter valued at about $33,000. Venturi Wealth Management LLC purchased a new stake in Teradyne in the 3rd quarter worth about $36,000. Finally, NBC Securities Inc. purchased a new position in shares of Teradyne during the third quarter valued at approximately $37,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TER. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price objective on shares of Teradyne in a research note on Thursday, April 25th. Susquehanna raised their price target on shares of Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a report on Friday, April 26th. JPMorgan Chase & Co. increased their target price on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Robert W. Baird lifted their price target on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Evercore ISI initiated coverage on Teradyne in a report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price objective for the company. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $117.83.

Teradyne Trading Up 2.6 %

TER traded up $3.05 on Friday, hitting $120.44. 2,694,180 shares of the company were exchanged, compared to its average volume of 2,462,491. The firm has a 50-day moving average price of $107.25 and a two-hundred day moving average price of $101.19. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $121.86. The company has a market cap of $18.42 billion, a price-to-earnings ratio of 45.79 and a beta of 1.50.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm had revenue of $599.82 million during the quarter, compared to the consensus estimate of $566.31 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s revenue was down 2.9% compared to the same quarter last year. Equities analysts expect that Teradyne, Inc. will post 2.99 EPS for the current year.

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.