Diversify Wealth Management LLC grew its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 50.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,498 shares of the company's stock after acquiring an additional 3,528 shares during the quarter. Diversify Wealth Management LLC's holdings in Teradyne were worth $5,079,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Teradyne in the 4th quarter worth $28,000. Community Financial Services Group LLC bought a new stake in Teradyne during the 2nd quarter valued at $29,000. McIlrath & Eck LLC bought a new stake in Teradyne during the 1st quarter valued at $30,000. Elevation Wealth Partners LLC raised its holdings in Teradyne by 1,320.0% during the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company's stock worth $34,000 after buying an additional 66 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in Teradyne during the second quarter worth $35,000. 99.77% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Robert W. Baird set a $420.00 price objective on shares of Teradyne in a report on Thursday, July 30th. JPMorgan Chase & Co. upgraded shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $400.00 target price on the stock in a report on Thursday, April 30th. Citigroup raised their price target on shares of Teradyne from $325.00 to $400.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Weiss Ratings upgraded Teradyne from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. Finally, Zacks Research upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of "Moderate Buy" and a consensus price target of $396.80.
Check Out Our Latest Research Report on TER
Teradyne Stock Up 2.0%
Shares of NASDAQ TER opened at $418.79 on Friday. Teradyne, Inc. has a twelve month low of $106.30 and a twelve month high of $487.91. The stock's 50 day moving average price is $384.26 and its 200-day moving average price is $348.39. The company has a market capitalization of $65.47 billion, a PE ratio of 57.45, a PEG ratio of 0.83 and a beta of 1.78.
Teradyne (NASDAQ:TER - Get Free Report) last issued 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 company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.Teradyne's revenue was up 103.9% on a year-over-year basis. During the same period last year, the business posted $0.57 earnings per share. As a group, research analysts expect that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction on Monday, June 15th. The stock was sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the sale, the chief executive officer directly owned 120,470 shares in the company, valued at $50,962,424.10. The trade was a 3.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the business's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the transaction, the insider directly owned 15,066 shares in the company, valued at $5,203,344.42. This trade represents a 6.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 5,664 shares of company stock valued at $2,273,133 in the last 90 days. Corporate insiders own 0.19% of the company's stock.
Teradyne Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TER - Free Report).
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