Fourier Capital Management Ltd purchased a new position in Teradyne, Inc. (NASDAQ:TER – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,924 shares of the company’s stock, valued at approximately $5,769,000. Teradyne accounts for approximately 9.0% of Fourier Capital Management Ltd’s investment portfolio, making the stock its 6th largest holding.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Leeward Financial Partners LLC bought a new stake in Teradyne during the second quarter valued at about $3,735,000. Gouws Capital LLC grew its stake in Teradyne by 96.0% in the fourth quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock valued at $2,966,000 after purchasing an additional 7,505 shares during the last quarter. Merit Financial Group LLC raised its holdings in Teradyne by 81.3% in the fourth quarter. Merit Financial Group LLC now owns 6,659 shares of the company’s stock worth $1,289,000 after purchasing an additional 2,986 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in Teradyne by 56.0% in the fourth quarter. Wealthfront Advisers LLC now owns 29,336 shares of the company’s stock worth $5,678,000 after purchasing an additional 10,526 shares in the last quarter. Finally, Zweig DiMenna Associates LLC lifted its position in shares of Teradyne by 10.0% during the fourth quarter. Zweig DiMenna Associates LLC now owns 80,629 shares of the company’s stock valued at $15,607,000 after buying an additional 7,300 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
TER has been the topic of a number of recent analyst reports. Susquehanna raised their price target on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective for the company in a research note on Thursday, April 30th. Stifel Nicolaus increased their target price on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $550.00 price target on shares of Teradyne in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $396.80.
Insider Activity at Teradyne
In related news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 112,495 shares in the company, valued at $47,810,375. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 owned by insiders.
Teradyne Stock Performance
Teradyne stock opened at $375.74 on Friday. The stock has a 50-day moving average of $386.46 and a two-hundred day moving average of $353.78. Teradyne, Inc. has a one year low of $109.56 and a one year high of $487.91. The stock has a market cap of $58.74 billion, a PE ratio of 51.54, a price-to-earnings-growth ratio of 0.77 and a beta of 1.78.
Teradyne (NASDAQ:TER – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The company’s revenue was up 103.9% on a year-over-year basis. As a group, sell-side analysts predict that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.
Teradyne Company 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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