Andar Capital Management HK Ltd Buys Shares of 37,800 Teradyne, Inc. $TER

Andar Capital Management HK Ltd acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 37,800 shares of the company's stock, valued at approximately $18,289,000. Teradyne makes up 8.2% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 6th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gouws Capital LLC raised its holdings 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 buying an additional 7,505 shares during the period. Merit Financial Group LLC grew its stake in Teradyne by 81.3% during the fourth quarter. Merit Financial Group LLC now owns 6,659 shares of the company's stock worth $1,289,000 after buying an additional 2,986 shares during the period. Wealthfront Advisers LLC increased its position in shares of 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 acquiring an additional 10,526 shares in the last quarter. Lecap Asset Management Ltd. increased its position in shares of Teradyne by 88.5% in the fourth quarter. Lecap Asset Management Ltd. now owns 8,392 shares of the company's stock worth $1,624,000 after acquiring an additional 3,941 shares in the last quarter. Finally, Zweig DiMenna Associates LLC raised its stake in shares of Teradyne by 10.0% in the 4th quarter. Zweig DiMenna Associates LLC now owns 80,629 shares of the company's stock valued at $15,607,000 after acquiring an additional 7,300 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Performance

Shares of TER opened at $418.79 on Monday. The firm has a market cap of $65.47 billion, a price-to-earnings ratio of 57.45, a PEG ratio of 0.85 and a beta of 1.78. The stock has a 50 day moving average of $384.26 and a 200-day moving average of $349.21. Teradyne, Inc. has a 52 week low of $106.30 and a 52 week high of $487.91.

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

Analyst Ratings Changes

TER has been the topic of a number of recent research reports. Citigroup boosted their price objective on Teradyne from $325.00 to $400.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Bank of America raised their target price on Teradyne from $365.00 to $525.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. raised Teradyne from a "neutral" rating to an "overweight" rating and set a $400.00 price target on the stock in a research report on Thursday, April 30th. Stifel Nicolaus upped their price target on Teradyne from $325.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday, April 28th. Finally, Evercore reaffirmed an "outperform" rating and issued a $420.00 price objective on shares of Teradyne in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $396.80.

Insider Activity

In other Teradyne news, insider Shannon John Poulin sold 1,008 shares of the firm's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $345.37, for a total value of $348,132.96. Following the transaction, the insider owned 15,066 shares of the company's stock, valued at $5,203,344.42. This trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 120,470 shares in the company, valued at $50,962,424.10. This 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 sold a total of 5,664 shares of company stock valued at $2,273,133 over the last ninety days. 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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