The Vanguard Group, Inc. recently announced the acquisition of new stake in Teradyne Inc. (NASDAQ:TER). The institutional investor has increased its shareholding in the Technology company by 0.71% to 17.37 million shares with purchase of 0.12 million shares. This fresh investment now brings its stake to 11.13% valued currently at $1.59 billion. In addition, Fidelity Management & Research Co raised its holdings by 1.58 million to 10.94 million shares. And BlackRock Fund Advisors has lifted its position by 0.48% or 46156.0 shares – to 9.75 million shares.
With over 1.73 million Teradyne Inc. (TER) shares trading Tuesday and a closing price of $95.55 on the day, the dollar volume was approximately $164.85 million. The shares have shown a positive half year performance of 2.85% and its price on 05/23/23 lost nearly -2.31%. Currently, there are 155.90M common shares owned by the public and among those 154.85M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 20 analysts who have offered their price forecasts for TER have a consensus price objective of $105.23. The analysts have set the share’s price value over the next 12 months at a high of $136.00 and a low of $80.00. The average price target is 12.83% above its recent price level and a downside to the estimated low will see the stock lose -19.44% over that period. But an upside of 29.74% will see the stock hit the forecast high price target while median target price for the stock is $104.00.
Insiders at the company have transacted a total of 84 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 40 of these insider trades were purchases, accounting for 230,845 shares. Insider sales of the common stock occurred on 44 occasions, with total insider shares sold totaling 243,253 shares.
The top 3 mutual fund holders in Teradyne Inc. are Vanguard Total Stock Market ETF, Vanguard Mid Cap Index Fund, and Vanguard 500 Index Fund. Vanguard Total Stock Market ETF owns 4.83 million shares of the company’s stock, all valued at over $441.13 million. The company bought an additional 26432.0 shares recently to bring their total holdings to about 3.09% of the shares outstanding. Vanguard Mid Cap Index Fund bought 13408.0 shares to see its total holdings expand to 3.64 million shares valued at over $333.07 million and representing 2.34% of the shares outstanding. Vanguard 500 Index Fund bought 16180.0 shares to bring its total holdings to over 3.64 million shares at a value of $332.34 million. Vanguard 500 Index Fund now owns shares totaling to 2.33% of the shares outstanding.
Shares of Teradyne Inc. (NASDAQ: TER) opened at $96.93, down -$0.88 from a prior closing price of $97.81. However, the script later moved the day high at 97.52, down -2.31%. The company’s stock has a 5-day price change of 2.27% and -5.18% over the past three months. TER shares are trading 9.39% year to date (YTD), with the 12-month market performance down to -6.66% lower. It has a 12-month low price of $67.81 and touched a high of $112.06 over the same period. TER has an average intraday trading volume of 1.55 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.76%, -3.61%, and 2.46% respectively.
Institutional ownership of Teradyne Inc. (NASDAQ: TER) shares accounts for 104.37% of the company’s 155.90M shares outstanding. Mutual fund holders own 37.94%, while other institutional holders and individual stakeholders account for 66.25% and 1.09% respectively.
It has a market capitalization of $15.04B and a beta (3y monthly) value of 1.52. The stock’s trailing 12-month PE ratio is 25.14, while the earnings-per-share (ttm) stands at $3.80. The company has a PEG of 2.80 and a Quick Ratio of 2.80 with the debt-to-equity ratio at 0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.59% over the week and 2.38% over the month.
Analysts forecast that Teradyne Inc. (TER) will achieve an EPS of $0.65 for the current quarter, $0.72 for the next quarter and $4.67 for 2024. The lowest estimate earnings-per-share for the quarter is $0.53 while analysts give the company a high EPS estimate of $0.69. Comparatively, EPS for the current quarter was $1.21 a year ago. Earnings per share for the fiscal year are expected to decrease by -23.70%, and 67.71% over the next financial year. EPS should shrink at an annualized rate of 8.99% over the next five years, compared to 14.00% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 20 brokerage firm advisors rate Teradyne Inc. (TER) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 9 of the 20 advise that investors “hold,” and 1 rated it as a “Sell.”
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