Kornitzer Capital Management Inc. KS purchased a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,900 shares of the company's stock, valued at approximately $4,790,000.
A number of other large investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC raised its stake in Teradyne by 12.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company's stock worth $342,000 after buying an additional 468 shares during the period. Caxton Associates LLP acquired a new position in Teradyne in the first quarter valued at about $297,000. Cresset Asset Management LLC grew its stake in Teradyne by 11.6% in the second quarter. Cresset Asset Management LLC now owns 6,759 shares of the company's stock valued at $608,000 after acquiring an additional 702 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Teradyne by 467.1% in the second quarter. NewEdge Advisors LLC now owns 3,408 shares of the company's stock worth $306,000 after acquiring an additional 2,807 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Teradyne by 5.1% in the second quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company's stock worth $6,755,000 after acquiring an additional 3,651 shares in the last quarter. Institutional investors own 99.77% of the company's stock.
Teradyne Trading Up 2.0%
TER stock opened at $418.79 on Friday. The stock has a 50-day moving average price of $384.26 and a two-hundred day moving average price of $348.39. The stock has a market cap of $65.47 billion, a PE ratio of 57.45, a price-to-earnings-growth ratio of 0.83 and a beta of 1.78. Teradyne, Inc. has a 1 year low of $106.30 and a 1 year high of $487.91.
Teradyne (NASDAQ:TER - Get Free Report) last released 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 firm had revenue of $1.33 billion for 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%.The company's revenue for the quarter was up 103.9% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. On average, analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on TER. Stifel Nicolaus raised their price target on Teradyne from $325.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, April 28th. Citigroup boosted their price objective on Teradyne from $325.00 to $400.00 and gave the company a "buy" rating 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 stock an "equal weight" rating in a research note on Thursday, July 30th. Zacks Research upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 12th. Finally, Bank of America raised their target price on shares of Teradyne from $365.00 to $525.00 and gave the stock a "buy" rating in a report on Tuesday, June 23rd. One 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $396.80.
Check Out Our Latest Analysis on Teradyne
Insider Transactions at Teradyne
In related news, insider Shannon John Poulin sold 1,008 shares of Teradyne stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the sale, 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 filing with the Securities & Exchange Commission, which can be accessed 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 Teradyne stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the completion of the sale, the chief executive officer directly owned 120,470 shares in the company, valued at approximately $50,962,424.10. This represents a 3.21% decrease in their position. 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 have sold 5,664 shares of company stock valued at $2,273,133. 0.19% of the stock is owned by corporate insiders.
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.
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