Crown Advisors Management Inc. Invests $4.84 Million in Teradyne, Inc. $TER

Key Points

• Crown Advisors Management bought 10,000 Teradyne shares worth approximately $4.84 million in the second quarter, making TER its 11th-largest holding and representing 2.7% of its portfolio. Institutional investors collectively own 99.77% of the company.
• Teradyne reported strong quarterly results, with EPS of $2.47 versus the $2.09 consensus estimate and revenue of $1.33 billion, up 103.9% year over year. Analysts expect approximately $9.10 in full-year EPS.
• Analyst sentiment is broadly positive: Teradyne has a consensus “Moderate Buy” rating and a $396.80 average price target, although several insiders have sold shares under pre-arranged trading plans.

Crown Advisors Management Inc. bought a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the company's stock, valued at approximately $4,838,000. Teradyne comprises approximately 2.7% of Crown Advisors Management Inc.'s portfolio, making the stock its 11th largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Community Financial Services Group LLC acquired a new stake in Teradyne during the 2nd quarter valued at $29,000. Elevation Wealth Partners LLC raised its position in Teradyne by 1,320.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company's stock valued at $34,000 after purchasing an additional 66 shares during the last quarter. Mcdonald Partners LLC acquired a new position in Teradyne in the second quarter worth $36,000. Hilltop National Bank acquired a new position in Teradyne in the second quarter worth $41,000. Finally, McIlrath & Eck LLC bought a new stake in shares of Teradyne during the first quarter worth $30,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Teradyne

In other 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 approximately $5,203,344.42. This trade represents a 6.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 shares were 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 trade represents a 3.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 5,664 shares of company stock worth $2,273,133. Corporate insiders own 0.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TER. Weiss Ratings upgraded Teradyne from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. The Goldman Sachs Group reissued a "buy" rating and set a $465.00 price objective on shares of Teradyne in a report on Tuesday, July 28th. 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. Susquehanna boosted their target price on shares of Teradyne from $415.00 to $550.00 and gave the stock a "positive" rating in a research note on Tuesday, June 30th. Finally, Stifel Nicolaus upped their target price on shares of Teradyne from $325.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $396.80.

Teradyne Price Performance

Shares of TER opened at $418.79 on Monday. Teradyne, Inc. has a 12-month low of $106.30 and a 12-month high of $487.91. The firm has a market capitalization of $65.47 billion, a PE ratio of 57.45, a price-to-earnings-growth ratio of 0.85 and a beta of 1.78. The stock's fifty day simple moving average is $384.26 and its 200-day simple moving average is $349.21.

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 analysts' expectations of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm's quarterly revenue was up 103.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.57 earnings per share. Analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current 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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