Daiichi Life Insurance Co. Ltd. Invests $4.74 Million in Teradyne, Inc. $TER

Key Points

• Daiichi Life Insurance acquired 9,789 Teradyne shares worth approximately $4.74 million in the second quarter. Institutional investors collectively own 99.77% of Teradyne’s outstanding stock.
• Teradyne reported strong quarterly results, with EPS of $2.47 beating estimates of $2.09 and revenue of $1.33 billion exceeding forecasts of $1.22 billion. Revenue increased 103.9% year over year.
• Analysts maintain a generally positive outlook, with Teradyne receiving a “Moderate Buy” consensus rating and an average price target of $396.80; Susquehanna raised its target to $550.00.

Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,789 shares of the company's stock, valued at approximately $4,736,000.

A number of other large investors also recently modified their holdings of TER. Leeward Financial Partners LLC purchased a new position in Teradyne in the 2nd quarter worth $3,735,000. Gouws Capital LLC lifted its stake in Teradyne by 96.0% in the fourth quarter. Gouws Capital LLC now owns 15,323 shares of the company's stock worth $2,966,000 after purchasing an additional 7,505 shares during the last quarter. Wealthfront Advisers LLC boosted its position in Teradyne by 56.0% during the fourth quarter. Wealthfront Advisers LLC now owns 29,336 shares of the company's stock valued at $5,678,000 after buying an additional 10,526 shares during the period. B. Metzler seel. Sohn & Co. AG purchased a new stake in Teradyne during the second quarter valued at about $4,826,000. Finally, Zweig DiMenna Associates LLC grew its stake in shares of Teradyne by 10.0% during the fourth quarter. Zweig DiMenna Associates LLC now owns 80,629 shares of the company's stock valued at $15,607,000 after buying an additional 7,300 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Price Performance

Shares of NASDAQ:TER 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 company has a market cap of $58.74 billion, a PE 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 $353.78.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.38. The business had revenue of $1.33 billion during 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 quarterly revenue was up 103.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 EPS. Analysts expect that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Susquehanna boosted their target price on Teradyne from $415.00 to $550.00 and gave the company a "positive" rating in a research note on Tuesday, June 30th. Zacks Research upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 12th. Morgan Stanley lifted their price target on Teradyne from $387.00 to $397.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 30th. Robert W. Baird reaffirmed a "neutral" rating and issued a $420.00 price target on shares of Teradyne in a research note on Friday. Finally, JPMorgan Chase & Co. upgraded Teradyne from a "neutral" rating to an "overweight" rating and set a $400.00 price objective for the company in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Teradyne has an average rating of "Moderate Buy" and an average price target of $396.80.

Insider Activity

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was 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 approximately $47,810,375. This represents a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by corporate insiders.

Teradyne 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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