Andar Capital Management HK Ltd Purchases Shares of 18,289,152 Teradyne, Inc. $TER

Key Points

• Andar Capital Management HK Ltd acquired 18.29 million Teradyne shares worth approximately $37.8 million, representing about 11.7% of the company and making it the investor’s 12th-largest holding.
• Analyst sentiment is broadly positive: Teradyne has a consensus “Moderate Buy” rating and an average price target of $396.80, with several firms recently upgrading the stock or raising targets.
• Teradyne reported strong quarterly results, with EPS of $2.47 versus expectations of $2.09 and revenue of $1.33 billion, up 103.9% year over year; however, company insiders sold shares through pre-arranged trading plans.

Andar Capital Management HK Ltd purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,289,152 shares of the company's stock, valued at approximately $37,800,000. Teradyne comprises about 0.1% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 12th biggest holding. Andar Capital Management HK Ltd owned approximately 11.70% of Teradyne as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the business. Integrated Wealth Concepts LLC increased its stake in shares of Teradyne by 12.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company's stock worth $342,000 after purchasing an additional 468 shares in the last quarter. Caxton Associates LLP purchased a new stake in Teradyne in the first quarter worth about $297,000. Cresset Asset Management LLC raised its stake in shares of Teradyne by 11.6% in the second quarter. Cresset Asset Management LLC now owns 6,759 shares of the company's stock worth $608,000 after buying an additional 702 shares during the period. NewEdge Advisors LLC lifted its position in shares of Teradyne by 467.1% during the 2nd quarter. NewEdge Advisors LLC now owns 3,408 shares of the company's stock valued at $306,000 after buying an additional 2,807 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Teradyne by 5.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company's stock valued at $6,755,000 after buying an additional 3,651 shares in the last quarter. Institutional investors own 99.77% of the company's stock.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction 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 approximately $50,962,424.10. The trade was a 3.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the business's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the sale, the insider owned 15,066 shares in the company, valued at approximately $5,203,344.42. The trade was a 6.27% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders have sold 5,664 shares of company stock valued at $2,273,133 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TER shares. Weiss Ratings raised shares of Teradyne from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $465.00 price target on shares of Teradyne in a report on Tuesday, July 28th. Zacks Research upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. raised shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $400.00 price objective for the company in a research note on Thursday, April 30th. Finally, Bank of America raised their price objective on shares of Teradyne from $365.00 to $525.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Teradyne has a consensus rating of "Moderate Buy" and a consensus price target of $396.80.

Teradyne Price Performance

TER stock opened at $418.79 on Friday. Teradyne, Inc. has a 1-year low of $106.30 and a 1-year high of $487.91. The company has a market capitalization 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 business has a 50 day simple moving average of $384.26 and a two-hundred day simple moving average of $348.39.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data 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. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter last year, the business posted $0.57 earnings per share. The company's revenue for the quarter was up 103.9% compared to the same quarter last year. Sell-side analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

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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