Allworth Financial LP Acquires New Holdings in Teradyne, Inc. $TER

Key Points

• Allworth Financial acquired 4,225 Teradyne shares in the second quarter, valued at approximately $2.04 million. Several other institutional investors also initiated positions, with institutions collectively owning 99.77% of the stock.
• Teradyne reported strong quarterly results, earning $2.47 per share versus the $2.09 consensus estimate and generating $1.33 billion in revenue, up 103.9% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $396.80. CEO Gregory Stephen Smith separately sold 4,000 shares for $1.7 million under a pre-arranged trading plan.

Allworth Financial LP bought a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,225 shares of the company's stock, valued at approximately $2,044,000.

Other large investors also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG acquired a new stake in Teradyne in the 2nd quarter worth approximately $4,826,000. NFJ Investment Group LLC acquired a new position in shares of Teradyne during the second quarter valued at about $5,971,000. Silvant Capital Management LLC acquired a new position in Teradyne in the 2nd quarter valued at approximately $57,116,000. Ceredex Value Advisors LLC acquired a new position in shares of Teradyne in the second quarter valued at $40,707,000. Finally, Portfolio Design Labs LLC bought a new position in shares of Teradyne during the 2nd quarter worth about $346,000. 99.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,495 shares in the company, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by corporate insiders.

Teradyne Stock Performance

NASDAQ TER opened at $375.74 on Friday. The stock has a market cap of $58.74 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 0.77 and a beta of 1.78. The business has a 50 day simple moving average of $386.46 and a 200 day simple moving average of $353.78. Teradyne, Inc. has a 52-week low of $109.56 and a 52-week high of $487.91.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the prior year, the company earned $0.57 earnings per share. The business's quarterly revenue was up 103.9% compared to the same quarter last year. On average, analysts predict that Teradyne, Inc. will post 9.1 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on TER. UBS Group upped their target price on shares of Teradyne from $440.00 to $500.00 and gave the company a "buy" rating in a research note on Monday, July 20th. Citigroup lifted their price objective on Teradyne from $325.00 to $400.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Bank of America upped their price objective on Teradyne from $365.00 to $525.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. Stifel Nicolaus increased their target price on Teradyne from $325.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday, April 28th. Finally, Robert W. Baird restated a "neutral" rating and set a $420.00 target price on shares of Teradyne in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $396.80.

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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