Callan Family Office LLC Buys Shares of 4,562 Teradyne, Inc. $TER

Callan Family Office LLC bought a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,562 shares of the company's stock, valued at approximately $2,207,000.

Several other large investors have also modified their holdings of the business. BlackRock Inc. bought a new position in Teradyne in the second quarter worth approximately $9,404,408,000. Andar Capital Management HK Ltd purchased a new position in shares of Teradyne in the 2nd quarter valued at $37,800,000. Norges Bank bought a new position in shares of Teradyne in the 4th quarter worth $398,777,000. Wellington Management Group LLP raised its position in shares of Teradyne by 13,949.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company's stock worth $280,357,000 after acquiring an additional 2,022,389 shares in the last quarter. Finally, Aspex Management HK Ltd bought a new position in shares of Teradyne in the 4th quarter worth $199,723,000. Institutional investors own 99.77% of the company's stock.

Wall Street Analyst Weigh In

TER has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $550.00 price objective on shares of Teradyne in a research report on Wednesday, July 29th. Zacks Research upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. upgraded 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. Morgan Stanley increased their price target on shares of Teradyne from $387.00 to $397.00 and gave the company an "equal weight" rating in a research report on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Teradyne from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday. One research 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 presently has a consensus rating of "Moderate Buy" and an average target price of $396.80.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the transaction, the chief executive officer owned 112,495 shares in the company, valued at $47,810,375. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 Price Performance

Shares of TER stock opened at $375.74 on Friday. Teradyne, Inc. has a 1-year low of $109.56 and a 1-year high of $487.91. The stock's fifty day moving average price is $386.46 and its 200 day moving average price is $353.78. The company has a market cap of $58.74 billion, a price-to-earnings ratio of 51.54, a price-to-earnings-growth ratio of 0.76 and a beta of 1.78.

Teradyne (NASDAQ:TER - Get Free Report) last announced its 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. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the company posted $0.57 EPS. The firm's quarterly revenue was up 103.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Teradyne, Inc. will post 9.1 earnings per share for the current year.

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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