Anther Capital Ltd Acquires New Position in Teradyne, Inc. $TER

Key Points

• Anther Capital acquired 667,086 Teradyne shares worth approximately $322.8 million during the second quarter, making Teradyne its fourth-largest holding and representing 8.3% of its portfolio. Institutional investors collectively own 99.77% of the company.
• Analyst sentiment is favorable, with a consensus “Moderate Buy” rating and an average price target of $396.80; several firms recently raised their targets or upgraded the stock.
• Teradyne reported quarterly EPS of $2.47 versus expectations of $2.09 and revenue of $1.33 billion, up 103.9% year over year. Shares opened at $375.74, while CEO Gregory Stephen Smith sold 4,000 shares at an average price of $425 under a pre-arranged trading plan.

Anther Capital Ltd acquired a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 667,086 shares of the company's stock, valued at approximately $322,763,000. Teradyne accounts for 8.3% of Anther Capital Ltd's holdings, making the stock its 4th biggest holding. Anther Capital Ltd owned 0.43% of Teradyne at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in Teradyne in the 4th quarter worth about $28,000. Community Financial Services Group LLC acquired a new position in Teradyne in the second quarter worth approximately $29,000. McIlrath & Eck LLC acquired a new position in Teradyne in the first quarter worth approximately $30,000. Elevation Wealth Partners LLC raised its position in Teradyne by 1,320.0% during the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company's stock valued at $34,000 after acquiring an additional 66 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in Teradyne during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TER. Evercore reiterated an "outperform" rating and issued a $420.00 target price on shares of Teradyne in a research note on Thursday, July 30th. Cantor Fitzgerald restated an "overweight" rating and set a $550.00 price target on shares of Teradyne in a research note on Wednesday, July 29th. Citigroup raised their price target on shares of Teradyne from $325.00 to $400.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Zacks Research raised shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. upgraded shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $400.00 price objective for the company in a report on Thursday, April 30th. One investment 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $396.80.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $375.74 on Monday. The company has a market cap of $58.74 billion, a P/E ratio of 51.54, a P/E/G ratio of 0.76 and a beta of 1.78. The stock's 50-day moving average is $386.46 and its 200-day moving average is $354.52. 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 posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping 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 analyst estimates of $1.22 billion. During the same period in the previous year, the company posted $0.57 earnings per share. The firm's revenue for the quarter was up 103.9% on a year-over-year basis. As a group, equities analysts predict that Teradyne, Inc. will post 9.1 EPS for the current year.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the firm's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the sale, the chief executive officer 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company's stock.

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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