OMERS ADMINISTRATION Corp acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 152,397 shares of the company’s stock, valued at approximately $73,736,000. OMERS ADMINISTRATION Corp owned about 0.10% of Teradyne as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Osmosis Investment Management UK Ltd purchased a new stake in Teradyne in the 2nd quarter valued at about $326,000. Sanctuary Advisors LLC purchased a new stake in shares of Teradyne in the 2nd quarter valued at approximately $9,188,000. Polymer Capital Management HK LTD acquired a new stake in shares of Teradyne during the 2nd quarter worth about $2,330,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Teradyne during the 2nd quarter worth $698,000. Finally, Globeflex Capital L P purchased a new stake in Teradyne in the second quarter valued at approximately $210,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.
Teradyne Price Performance
TER opened at $375.74 on Monday. Teradyne, Inc. has a 52-week low of $109.56 and a 52-week high of $487.91. The company has a market cap of $58.74 billion, a P/E ratio of 51.54, a P/E/G ratio of 0.76 and a beta of 1.78. The company has a 50 day moving average of $386.46 and a two-hundred day moving average of $354.52.
Insider Activity at Teradyne
In other news, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the transaction, the chief executive officer owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have commented on the company. Evercore reaffirmed an “outperform” rating and set a $420.00 price objective on shares of Teradyne in a research note on Thursday, July 30th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 target price on shares of Teradyne in a research report on Wednesday, July 29th. Stifel Nicolaus boosted their price objective on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Susquehanna increased their price objective on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $396.80.
View Our Latest Stock 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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