EP Wealth Advisors LLC purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,448 shares of the company's stock, valued at approximately $2,636,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new position in Teradyne in the 2nd quarter valued at about $422,000. Ieq Capital LLC purchased a new stake in shares of Teradyne during the second quarter worth about $62,103,000. Heron Bay Capital Management purchased a new stake in shares of Teradyne during the second quarter worth about $333,000. Callan Family Office LLC purchased a new stake in shares of Teradyne during the second quarter worth about $2,207,000. Finally, Fund Advisors of America Inc FL acquired a new position in shares of Teradyne in the second quarter worth about $281,000. Institutional investors and hedge funds own 99.77% of the company's stock.
Insider Transactions at Teradyne
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 sale, 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 sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by insiders.
Teradyne Stock Performance
Shares of Teradyne stock opened at $375.74 on Friday. The firm has a market cap of $58.74 billion, a PE ratio of 51.54, a price-to-earnings-growth ratio of 0.76 and a beta of 1.78. The firm's 50-day simple moving average is $386.46 and its 200-day simple moving average is $353.78. Teradyne, Inc. has a 1 year low of $109.56 and a 1 year high of $487.91.
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, topping 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 net margin of 25.77% and a return on equity of 39.93%. The company's quarterly revenue was up 103.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. On average, equities analysts predict that Teradyne, Inc. will post 9.1 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on TER. UBS Group increased their price target on Teradyne from $440.00 to $500.00 and gave the company a "buy" rating in a report on Monday, July 20th. Evercore restated an "outperform" rating and set a $420.00 price objective on shares of Teradyne in a report on Thursday, July 30th. JPMorgan Chase & Co. raised Teradyne from a "neutral" rating to an "overweight" rating and set a $400.00 target price on the stock in a research report on Thursday, April 30th. Morgan Stanley increased their target price on Teradyne from $387.00 to $397.00 and gave the company an "equal weight" rating in a research note on Thursday, July 30th. Finally, Citigroup increased their target price on Teradyne from $325.00 to $400.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. One 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $396.80.
View Our Latest Stock Report on TER
Teradyne Company 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.
See Also
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