NewEdge Advisors LLC Grows Stake in Teradyne, Inc. $TER

Key Points

• NewEdge Advisors increased its Teradyne stake by 35.7% in the first quarter, bringing its holdings to 20,725 shares valued at approximately $6.14 million. Institutional investors collectively own 99.77% of TER.
• Teradyne reported a strong latest quarter, with EPS of $2.47 versus $2.09 expected and revenue of $1.33 billion, up 103.9% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $396.80.
• TER shares opened at $365.10 after declining 3.7%, while company insiders sold 14,261 shares worth roughly $5.19 million over the past 90 days, primarily through pre-arranged trading plans.

NewEdge Advisors LLC raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 35.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,725 shares of the company's stock after purchasing an additional 5,455 shares during the period. NewEdge Advisors LLC's holdings in Teradyne were worth $6,144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TER. Vestor Capital LLC increased its position in shares of Teradyne by 15.4% in the 1st quarter. Vestor Capital LLC now owns 285 shares of the company's stock valued at $85,000 after acquiring an additional 38 shares during the period. UMB Bank n.a. raised its holdings in shares of Teradyne by 1.8% during the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company's stock valued at $444,000 after acquiring an additional 40 shares during the last quarter. Stephens Inc. AR lifted its position in shares of Teradyne by 1.2% in the fourth quarter. Stephens Inc. AR now owns 3,332 shares of the company's stock valued at $645,000 after acquiring an additional 41 shares in the last quarter. Sapient Capital LLC boosted its stake in shares of Teradyne by 1.5% in the fourth quarter. Sapient Capital LLC now owns 2,849 shares of the company's stock worth $560,000 after acquiring an additional 43 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in shares of Teradyne by 5.5% in the first quarter. Whittier Trust Co. now owns 827 shares of the company's stock worth $261,000 after acquiring an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Trading Down 3.7%

TER stock opened at $365.10 on Tuesday. The company has a market capitalization of $57.08 billion, a P/E ratio of 50.08, a PEG ratio of 0.77 and a beta of 1.78. Teradyne, Inc. has a twelve month low of $104.58 and a twelve month high of $487.91. The business has a 50 day simple moving average of $383.37 and a 200-day simple moving average of $344.35.

Teradyne (NASDAQ:TER - Get Free Report) last announced its 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. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the previous year, the company posted $0.57 EPS. The company's quarterly revenue was up 103.9% on a year-over-year basis. Research analysts predict that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TER shares. Citigroup increased their price objective on Teradyne from $325.00 to $400.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Zacks Research raised shares of Teradyne from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 12th. UBS Group increased their target price on shares of Teradyne from $440.00 to $500.00 and gave the company a "buy" rating in a research report on Monday, July 20th. Bank of America raised their price target on shares of Teradyne from $365.00 to $525.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. Finally, Evercore restated an "outperform" rating and set a $420.00 price target on shares of Teradyne in a research report on Thursday, July 30th. One 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $396.80.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 8,597 shares of the business's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the sale, the chief executive officer directly owned 124,470 shares in the company, valued at approximately $42,192,840.60. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the company's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total value of $348,132.96. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. 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. Over the last ninety days, insiders have sold 14,261 shares of company stock valued at $5,187,344. 0.19% of the stock is currently owned by insiders.

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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