Ieq Capital LLC acquired a new position in Teradyne, Inc. (NASDAQ:TER – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 128,353 shares of the company’s stock, valued at approximately $62,103,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Heron Bay Capital Management purchased a new stake in shares of Teradyne during the 2nd quarter worth about $333,000. Callan Family Office LLC purchased a new position in Teradyne in the second quarter valued at approximately $2,207,000. Fund Advisors of America Inc FL purchased a new position in Teradyne in the second quarter valued at approximately $281,000. Keating Financial Advisory Services Inc. acquired a new position in Teradyne during the second quarter valued at approximately $50,000. Finally, OneAscent Investment Solutions LLC purchased a new stake in Teradyne during the second quarter worth approximately $461,000. 99.77% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently commented on TER shares. Morgan Stanley raised their target price on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research report on Thursday, April 30th. The Goldman Sachs Group restated a “buy” rating and set a $465.00 price objective on shares of Teradyne in a research note on Tuesday, July 28th. Cantor Fitzgerald reiterated an “overweight” rating and set a $550.00 target price on shares of Teradyne in a report on Wednesday, July 29th. Finally, Susquehanna boosted their price target on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $396.80.
Teradyne Price Performance
Shares of TER stock opened at $375.74 on Friday. The company’s fifty day moving average price is $386.46 and its two-hundred day moving average price is $353.78. The firm has a market capitalization of $58.74 billion, a P/E ratio of 51.54, a P/E/G ratio of 0.77 and a beta of 1.78. Teradyne, Inc. has a 12 month low of $109.56 and a 12 month high of $487.91.
Teradyne (NASDAQ:TER – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm earned $0.57 earnings per share. The company’s revenue was up 103.9% on a year-over-year basis. On average, sell-side analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current year.
Insider Buying and Selling
In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the chief executive officer owned 112,495 shares in the company, valued at $47,810,375. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company’s stock.
About Teradyne
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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