B. Metzler seel. Sohn & Co. AG Invests $4.83 Million in Teradyne, Inc. $TER

Key Points

• B. Metzler seel. Sohn & Co. AG initiated a Teradyne position worth approximately $4.83 million by purchasing 9,974 shares in the second quarter. Institutional investors collectively own 99.77% of the company.
• Teradyne reported strong quarterly results, with earnings of $2.47 per share and revenue of $1.33 billion, exceeding analyst estimates; revenue increased 103.9% year over year.
• Analysts maintain a favorable outlook, giving Teradyne a consensus “Moderate Buy” rating and an average price target of $396.80, while CEO Gregory Stephen Smith sold $1.7 million of stock under a Rule 10b5-1 plan.

B. Metzler seel. Sohn & Co. AG bought a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,974 shares of the company's stock, valued at approximately $4,826,000.

A number of other large investors have also recently bought and sold shares of the company. Community Financial Services Group LLC acquired a new stake in Teradyne during the second quarter worth about $29,000. 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. Mcdonald Partners LLC acquired a new position in Teradyne in the second quarter valued at approximately $36,000. Hilltop National Bank acquired a new position in Teradyne in the second quarter valued at approximately $41,000. Finally, McIlrath & Eck LLC purchased a new stake in Teradyne in the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the business'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 completion of the sale, the chief executive officer directly owned 112,495 shares of the company's stock, valued at $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Down 1.9%

Teradyne stock opened at $375.74 on Friday. The company's 50 day moving average is $386.46 and its two-hundred day moving average is $353.78. Teradyne, Inc. has a 52-week low of $109.56 and a 52-week high of $487.91. The firm has a market cap of $58.74 billion, a PE ratio of 51.54, a price-to-earnings-growth ratio of 0.77 and a beta of 1.78.

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 analysts' consensus estimates of $2.09 by $0.38. The company 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%.Teradyne's revenue for the quarter was up 103.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 EPS. On average, equities research analysts anticipate that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $400.00 target price for the company in a report on Thursday, April 30th. Citigroup upped their price objective on shares of Teradyne from $325.00 to $400.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Weiss Ratings raised Teradyne from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Evercore reiterated an "outperform" rating and set a $420.00 price target on shares of Teradyne in a research report on Thursday, July 30th. Finally, Stifel Nicolaus raised their price objective on Teradyne from $325.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source