Daiwa Securities Group Inc. Has $24.24 Million Stake in Teradyne, Inc. $TER

Key Points

• Daiwa Securities Group increased its Teradyne stake by 70.6% in the second quarter, bringing its holdings to 50,101 shares valued at approximately $24.24 million. Institutional investors collectively own 99.77% of Teradyne.
• Analysts maintain a generally positive view of Teradyne, with a “Moderate Buy” consensus rating and an average price target of $396.80; several firms recently upgraded the stock or raised their targets.
• Teradyne reported strong quarterly results, posting adjusted earnings of $2.47 per share versus the $2.09 consensus estimate and revenue of $1.33 billion, up 103.9% year over year.

Daiwa Securities Group Inc. raised its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 70.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,101 shares of the company's stock after buying an additional 20,733 shares during the period. Daiwa Securities Group Inc.'s holdings in Teradyne were worth $24,241,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. State Street Corp grew its holdings in Teradyne by 0.9% during the fourth quarter. State Street Corp now owns 7,078,635 shares of the company's stock worth $1,370,141,000 after buying an additional 60,986 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Teradyne by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company's stock valued at $442,413,000 after acquiring an additional 143,058 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Teradyne by 18.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company's stock valued at $813,640,000 after acquiring an additional 659,273 shares in the last quarter. Invesco Ltd. boosted its holdings in Teradyne by 3.5% during the 3rd quarter. Invesco Ltd. now owns 2,959,330 shares of the company's stock worth $407,322,000 after acquiring an additional 99,864 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Teradyne by 1.9% during the 4th quarter. Morgan Stanley now owns 2,442,014 shares of the company's stock worth $472,677,000 after acquiring an additional 45,089 shares during the last quarter. Institutional investors own 99.77% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on TER. Weiss Ratings upgraded shares of Teradyne from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Cantor Fitzgerald restated an "overweight" rating and set a $550.00 price target on shares of Teradyne in a report on Wednesday, July 29th. 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. 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 research note on Thursday, April 30th. Finally, Bank of America lifted their target price on shares of Teradyne from $365.00 to $525.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Teradyne currently has an average rating of "Moderate Buy" and an average target price of $396.80.

Teradyne Price Performance

NASDAQ TER opened at $418.79 on Friday. The stock has a market capitalization of $65.47 billion, a price-to-earnings ratio of 57.45, a PEG ratio of 0.83 and a beta of 1.78. Teradyne, Inc. has a one year low of $106.30 and a one year high of $487.91. The business's fifty day moving average is $384.26 and its 200-day moving average is $348.39.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.38. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm's quarterly revenue was up 103.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. Research analysts expect that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Insider Transactions at Teradyne

In other Teradyne news, insider Shannon John Poulin sold 1,008 shares of the business'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 directly owned 15,066 shares in the company, valued at $5,203,344.42. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 120,470 shares of the company's stock, valued at $50,962,424.10. This represents a 3.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 5,664 shares of company stock worth $2,273,133. Corporate 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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