Northwestern Mutual Wealth Management Co. Invests $15.03 Million in Teradyne, Inc. $TER

Key Points

• Northwestern Mutual Wealth Management acquired 31,069 Teradyne shares worth approximately $15.03 million during the second quarter. Institutional investors collectively own 99.77% of the company.
• Teradyne reported strong quarterly results, with EPS of $2.47 beating estimates by $0.38 and revenue of $1.33 billion rising 103.9% year over year.
• Analysts maintain a generally positive outlook, giving Teradyne a “Moderate Buy” consensus rating and an average price target of $396.80, while CEO Gregory Stephen Smith sold $1.7 million worth of shares under a pre-arranged trading plan.

Northwestern Mutual Wealth Management Co. purchased a new position in Teradyne, Inc. (NASDAQ:TER - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 31,069 shares of the company's stock, valued at approximately $15,032,000.

A number of other large investors also recently bought and sold shares of the business. Quantbot Technologies LP bought a new stake in Teradyne during the second quarter worth about $2,328,000. Evolve Private Wealth LLC bought a new position in shares of Teradyne during the second quarter valued at approximately $1,780,000. Farringdon Capital Ltd. purchased a new position in shares of Teradyne during the second quarter valued at approximately $226,000. Varma Mutual Pension Insurance Co bought a new stake in shares of Teradyne in the 2nd quarter worth approximately $18,241,000. Finally, Westpac Banking Corp bought a new stake in shares of Teradyne in the 2nd quarter worth approximately $1,502,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Down 1.9%

Shares of NASDAQ TER opened at $375.74 on Friday. Teradyne, Inc. has a twelve month low of $109.56 and a twelve month high of $487.91. The firm has a market cap of $58.74 billion, a P/E ratio of 51.54, a PEG ratio of 0.76 and a beta of 1.78. The company has a 50 day moving average of $386.46 and a 200 day moving average of $353.78.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data 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. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.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 prior year, the firm posted $0.57 EPS. The firm's quarterly revenue was up 103.9% on a year-over-year basis. As a group, equities analysts expect that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Teradyne from $325.00 to $390.00 and gave the stock a "buy" rating in a research note on Tuesday, April 28th. Weiss Ratings raised Teradyne from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday. Citigroup increased their target price on Teradyne from $325.00 to $400.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Morgan Stanley raised their price target on Teradyne from $387.00 to $397.00 and gave the company an "equal weight" rating in a report on Thursday, July 30th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $420.00 price target on shares of Teradyne in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $396.80.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the company's stock in a transaction 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 transaction, the chief executive officer directly owned 112,495 shares of the company's stock, valued at $47,810,375. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by corporate insiders.

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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