Commerce Bank purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,568 shares of the company’s stock, valued at approximately $5,113,000.
A number of other large investors have also recently added to or reduced their stakes in TER. Community Financial Services Group LLC acquired a new position in Teradyne during the second quarter worth approximately $29,000. Elevation Wealth Partners LLC lifted its position in shares of Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after buying an additional 66 shares during the last quarter. Mcdonald Partners LLC acquired a new stake in shares of Teradyne in the second quarter valued at approximately $36,000. Hilltop National Bank bought a new position in shares of Teradyne during the 2nd quarter worth approximately $41,000. Finally, McIlrath & Eck LLC bought a new position in shares of Teradyne during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 99.77% of the company’s stock.
Teradyne Price Performance
TER opened at $375.74 on Monday. The business has a fifty day simple moving average of $386.46 and a 200 day simple moving average of $354.52. Teradyne, Inc. has a 1 year low of $109.56 and a 1 year high of $487.91. The company 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.
Wall Street Analyst Weigh In
Several brokerages have issued reports on TER. Weiss Ratings raised Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. The Goldman Sachs Group reiterated a “buy” rating and issued a $465.00 price objective on shares of Teradyne in a report on Tuesday, July 28th. Evercore reissued an “outperform” rating and issued a $420.00 price objective on shares of Teradyne in a research report on Thursday, July 30th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price for the company in a research note on Thursday, April 30th. Finally, UBS Group lifted their target price on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, July 20th. One 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $396.80.
Read Our Latest Stock Report on Teradyne
Insider Activity at Teradyne
In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne 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 completion of the sale, the chief executive officer owned 112,495 shares in the company, valued at $47,810,375. The trade was 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. Company 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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