Focus Financial Network Inc. acquired a new stake in Teradyne, Inc. (NASDAQ:TER – Free Report) during the second quarter, Holdings Channel.com reports. The firm acquired 12,208 shares of the company’s stock, valued at approximately $5,907,000.
Several other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Teradyne during the 4th quarter worth about $398,777,000. Wellington Management Group LLP boosted its position in shares of Teradyne by 13,949.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock worth $280,357,000 after acquiring an additional 2,022,389 shares in the last quarter. Aspex Management HK Ltd purchased a new position in shares of Teradyne in the 4th quarter valued at about $199,723,000. Corient Private Wealth LLC raised its position in shares of Teradyne by 2,189.2% during the 4th quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock worth $208,254,000 after acquiring an additional 1,028,916 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its position in shares of Teradyne by 65.4% during the 2nd quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company’s stock worth $194,770,000 after acquiring an additional 856,540 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Teradyne
In other Teradyne news, CEO Gregory Stephen Smith sold 8,597 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the completion of the sale, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at $42,192,840.60. This represents a 6.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the sale, the insider directly owned 15,066 shares of the company’s stock, valued at $5,203,344.42. The trade was a 6.27% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 14,261 shares of company stock worth $5,187,344. Corporate insiders own 0.19% of the company’s stock.
Teradyne Price Performance
Teradyne (NASDAQ:TER – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.38. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. Teradyne’s revenue for the quarter was up 103.9% on a year-over-year basis. During the same period last year, the firm posted $0.57 EPS. Teradyne has set its Q3 2026 guidance at 1.850-2.150 EPS. As a group, analysts anticipate that Teradyne, Inc. will post 9.1 earnings per share for the current year.
Wall Street Analyst Weigh In
TER has been the subject of a number of research analyst reports. Bank of America upped their price target on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Susquehanna boosted their price objective on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Morgan Stanley upped their target price on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. UBS Group increased their target price on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $550.00 price target on shares of Teradyne in a research note on Wednesday, July 29th. One equities 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 stock. According to data from MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and an average target price of $396.80.
Read Our Latest 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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