Leeward Financial Partners LLC Purchases New Position in Teradyne, Inc. $TER

Key Points

• Leeward Financial Partners bought 7,719 Teradyne shares worth approximately $3.7 million, while institutional investors collectively own 99.77% of the company.
• Analysts remain broadly positive, with Teradyne receiving a consensus “Moderate Buy” rating and an average price target of $396.80; UBS recently raised its target to $500.
• Teradyne reported strong quarterly results, posting $2.47 in EPS and $1.33 billion in revenue, with revenue up 103.9% year over year and earnings exceeding analyst estimates.

Leeward Financial Partners LLC purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,719 shares of the company's stock, valued at approximately $3,735,000. Teradyne comprises approximately 1.0% of Leeward Financial Partners LLC's investment portfolio, making the stock its 27th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of TER. Caitong International Asset Management Co. Ltd bought a new stake in shares of Teradyne in the 4th quarter worth approximately $28,000. Community Financial Services Group LLC bought a new position in shares of Teradyne during the second quarter valued at approximately $29,000. McIlrath & Eck LLC bought a new position in shares of Teradyne during the first quarter valued at approximately $30,000. Elevation Wealth Partners LLC lifted its stake in Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company's stock worth $34,000 after acquiring an additional 66 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in Teradyne in the second quarter worth $35,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the company's stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a 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. Also, insider Shannon John Poulin sold 656 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the completion of the transaction, the insider owned 15,722 shares of the company's stock, valued at approximately $5,581,310. The trade was a 4.01% 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. In the last 90 days, insiders have sold 5,664 shares of company stock worth $2,273,133. Company insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TER. JPMorgan Chase & Co. upgraded shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $400.00 price target on the stock in a report on Thursday, April 30th. UBS Group upped their price objective on shares of Teradyne from $440.00 to $500.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Weiss Ratings raised shares of Teradyne from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 6th. Evercore reaffirmed an "outperform" rating and set a $420.00 target price on shares of Teradyne in a research note on Thursday, July 30th. Finally, Robert W. Baird set a $420.00 price target on shares of Teradyne in a research report on Thursday, July 30th. One 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $396.80.

Teradyne Stock Up 2.0%

NASDAQ TER opened at $418.79 on Friday. The firm has a market capitalization of $65.47 billion, a PE ratio of 57.45, a P/E/G ratio of 0.85 and a beta of 1.78. The stock's 50 day moving average is $384.26 and its 200 day moving average is $348.39. Teradyne, Inc. has a twelve month low of $106.30 and a twelve month high of $487.91.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.38. The business 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%.The firm's quarterly revenue was up 103.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share. On average, research analysts anticipate that Teradyne, Inc. will post 9.1 earnings per share for the current year.

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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