Varma Mutual Pension Insurance Co purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm purchased 37,700 shares of the company’s stock, valued at approximately $18,241,000.
Several other hedge funds have also recently added to or reduced their stakes in TER. Westpac Banking Corp acquired a new position in shares of Teradyne in the 2nd quarter worth approximately $1,502,000. Fourier Capital Management Ltd acquired a new stake in shares of Teradyne during the second quarter worth $5,769,000. TRB Wealth Management LLC acquired a new stake in shares of Teradyne during the second quarter worth $630,000. Sumitomo Life Insurance Co. bought a new position in Teradyne during the second quarter worth $1,476,000. Finally, Landscape Capital Management L.L.C. bought a new position in Teradyne during the second quarter worth $939,000. Institutional investors own 99.77% of the company’s stock.
Teradyne Trading Down 1.9%
Shares of TER stock opened at $375.74 on Friday. The firm has a fifty day simple moving average of $386.46 and a two-hundred day simple moving average of $353.78. Teradyne, Inc. has a 12 month low of $109.56 and a 12 month high of $487.91. The firm has a market capitalization of $58.74 billion, a PE ratio of 51.54, a price-to-earnings-growth ratio of 0.76 and a beta of 1.78.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Morgan Stanley boosted their price objective on Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Weiss Ratings raised Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Stifel Nicolaus upped their target price on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Susquehanna raised their target price on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $396.80.
Read Our Latest Research Report on Teradyne
Insider Activity at Teradyne
In related news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the sale, the chief executive officer owned 112,495 shares in the company, valued at $47,810,375. This represents a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by insiders.
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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