Dynamic Advisor Solutions LLC lifted its stake in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 53.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,851 shares of the company’s stock after purchasing an additional 1,693 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Teradyne were worth $2,347,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Teradyne during the fourth quarter worth about $28,000. McIlrath & Eck LLC acquired a new position in Teradyne during the 1st quarter valued at about $30,000. CYBER HORNET ETFs LLC acquired a new position in Teradyne during the 2nd quarter valued at about $35,000. University of Texas Texas AM Investment Management Co. bought a new position in Teradyne in the 4th quarter worth about $41,000. Finally, Hilltop National Bank bought a new position in Teradyne in the 2nd quarter worth about $41,000. Institutional investors own 99.77% of the company’s stock.
Teradyne Trading Down 1.4%
Shares of Teradyne stock opened at $379.31 on Friday. The stock has a market cap of $59.30 billion, a PE ratio of 52.03, a price-to-earnings-growth ratio of 0.78 and a beta of 1.78. Teradyne, Inc. has a 52 week low of $104.58 and a 52 week high of $487.91. The company’s 50-day moving average price is $383.46 and its two-hundred day moving average price is $342.55.
Insider Buying and Selling
In related news, insider Shannon John Poulin sold 656 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total transaction of $232,880.00. Following the transaction, the insider directly owned 15,722 shares of the company’s stock, valued at approximately $5,581,310. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the completion of the transaction, the chief executive officer directly owned 120,470 shares in the company, valued at $50,962,424.10. This trade represents a 3.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 14,261 shares of company stock valued at $5,187,344 over the last three months. 0.19% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
TER has been the topic of a number of recent analyst reports. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Robert W. Baird set a $420.00 price objective on Teradyne in a report on Thursday, July 30th. The Goldman Sachs Group restated a “buy” rating and issued a $465.00 target price on shares of Teradyne in a research report on Tuesday, July 28th. Weiss Ratings raised Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, Citigroup boosted their price target on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $396.80.
View Our Latest Research Report on Teradyne
Teradyne Profile
Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.
The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.
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