Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 401,144 shares of the company's stock, valued at approximately $194,090,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.26% of Teradyne at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of TER. Carolina Wealth Advisors LLC raised its holdings in Teradyne by 42.5% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company's stock worth $55,000 after buying an additional 34 shares during the period. Vestor Capital LLC boosted its holdings in shares of Teradyne by 15.4% in the first quarter. Vestor Capital LLC now owns 285 shares of the company's stock valued at $85,000 after buying an additional 38 shares during the period. Ashton Thomas Private Wealth LLC increased its position in shares of Teradyne by 5.8% during the second quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company's stock worth $352,000 after acquiring an additional 40 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Teradyne by 1.8% during the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company's stock worth $444,000 after acquiring an additional 40 shares during the period. Finally, Stephens Inc. AR raised its holdings in shares of Teradyne by 1.2% during the fourth quarter. Stephens Inc. AR now owns 3,332 shares of the company's stock worth $645,000 after acquiring an additional 41 shares during the period. 99.77% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, insider Shannon John Poulin sold 656 shares of the firm's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total value of $232,880.00. Following the completion of the transaction, the insider directly owned 15,722 shares of the company's stock, valued at approximately $5,581,310. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Also, CEO Gregory Stephen Smith sold 4,000 shares of the business's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the transaction, the chief executive officer owned 120,470 shares in the company, valued at approximately $50,962,424.10. The trade was a 3.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 5,664 shares of company stock worth $2,273,133. Company insiders own 0.19% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on TER shares. Susquehanna boosted their price objective on shares of Teradyne from $415.00 to $550.00 and gave the company a "positive" rating in a research report on Tuesday, June 30th. UBS Group increased their target price on Teradyne from $440.00 to $500.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Cantor Fitzgerald reissued an "overweight" rating and issued a $550.00 price target on shares of Teradyne in a research note on Wednesday, July 29th. Citigroup boosted their price target on Teradyne from $325.00 to $400.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Finally, Stifel Nicolaus upped their price objective on Teradyne from $325.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Teradyne presently has an average rating of "Moderate Buy" and a consensus price target of $396.80.
Check Out Our Latest Stock Analysis on TER
Teradyne Price Performance
Shares of NASDAQ TER opened at $443.14 on Tuesday. The stock has a market capitalization of $69.28 billion, a price-to-earnings ratio of 60.79, a PEG ratio of 0.85 and a beta of 1.78. The business has a 50-day moving average of $385.63 and a 200-day moving average of $350.65. Teradyne, Inc. has a fifty-two week low of $106.30 and a fifty-two week high of $487.91.
Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the company posted $0.57 earnings per share. Teradyne's revenue was up 103.9% on a year-over-year basis. On average, sell-side analysts expect that Teradyne, Inc. will post 9.1 EPS for the current year.
Teradyne Profile
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Free Report)
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.
See Also
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