7,736 Shares in Teradyne, Inc. $TER Acquired by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC acquired 7,736 Teradyne shares worth approximately $3.74 million in the second quarter. Institutional investors collectively own 99.77% of Teradyne’s outstanding stock.
• Teradyne reported a strong quarter, with revenue rising 103.9% year over year to $1.33 billion and adjusted earnings of $2.47 per share, surpassing analysts’ expectations of $2.09.
• Shares opened at $418.79, while analysts maintained a generally positive outlook: Teradyne has a “Moderate Buy” consensus rating and an average price target of $396.80. Insiders sold 5,664 shares worth about $2.27 million during the latest quarter.

Focus Partners Advisor Solutions LLC bought a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,736 shares of the company's stock, valued at approximately $3,743,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TER. Carolina Wealth Advisors LLC boosted its stake in shares of 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 acquiring an additional 34 shares during the last quarter. Vestor Capital LLC increased its stake in shares of Teradyne by 15.4% in the 1st quarter. Vestor Capital LLC now owns 285 shares of the company's stock worth $85,000 after purchasing an additional 38 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in Teradyne by 5.8% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company's stock worth $352,000 after purchasing an additional 40 shares during the period. UMB Bank n.a. raised its holdings in Teradyne by 1.8% in the 4th quarter. UMB Bank n.a. now owns 2,293 shares of the company's stock worth $444,000 after purchasing an additional 40 shares during the period. Finally, Stephens Inc. AR raised its holdings in Teradyne by 1.2% in the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company's stock worth $645,000 after purchasing an additional 41 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Shannon John Poulin sold 656 shares of Teradyne stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the sale, the insider owned 15,722 shares of the company's stock, valued at approximately $5,581,310. This trade represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 Teradyne stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the sale, the chief executive officer directly owned 120,470 shares in the company, valued at $50,962,424.10. This trade represents a 3.21% decrease in their position. 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. Insiders have sold 5,664 shares of company stock valued at $2,273,133 in the last quarter. 0.19% of the stock is currently owned by company insiders.

Teradyne Stock Performance

Shares of Teradyne stock opened at $418.79 on Friday. Teradyne, Inc. has a fifty-two week low of $106.30 and a fifty-two week high of $487.91. The company has a market capitalization of $65.47 billion, a P/E ratio of 57.45, a P/E/G ratio of 0.85 and a beta of 1.78. The company has a fifty day moving average of $384.26 and a 200 day moving average of $348.39.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating 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 analysts' expectations of $1.22 billion. During the same period last year, the firm earned $0.57 earnings per share. The business's quarterly revenue was up 103.9% on a year-over-year basis. Analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on TER. The Goldman Sachs Group reissued a "buy" rating and set a $465.00 price target on shares of Teradyne in a report on Tuesday, July 28th. Evercore reaffirmed an "outperform" rating and issued a $420.00 price objective on shares of Teradyne in a research note on Thursday, July 30th. Bank of America lifted their price objective on Teradyne from $365.00 to $525.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Weiss Ratings upgraded Teradyne from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. Finally, Citigroup increased their target price on shares of Teradyne from $325.00 to $400.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. One equities 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. Based on data from MarketBeat.com, Teradyne has an average rating of "Moderate Buy" and an average price target of $396.80.

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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