Wealthstar Advisors LLC Makes New $2.11 Million Investment in Teradyne, Inc. $TER

Wealthstar Advisors LLC bought a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,353 shares of the company's stock, valued at approximately $2,106,000. Teradyne comprises 0.6% of Wealthstar Advisors LLC's investment portfolio, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Gouws Capital LLC lifted its position in Teradyne by 96.0% in the fourth quarter. Gouws Capital LLC now owns 15,323 shares of the company's stock valued at $2,966,000 after acquiring an additional 7,505 shares during the last quarter. Merit Financial Group LLC grew its holdings in shares of Teradyne by 81.3% during the fourth quarter. Merit Financial Group LLC now owns 6,659 shares of the company's stock worth $1,289,000 after purchasing an additional 2,986 shares during the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Teradyne by 56.0% during the fourth quarter. Wealthfront Advisers LLC now owns 29,336 shares of the company's stock worth $5,678,000 after purchasing an additional 10,526 shares during the last quarter. Lecap Asset Management Ltd. increased its position in shares of Teradyne by 88.5% during the fourth quarter. Lecap Asset Management Ltd. now owns 8,392 shares of the company's stock worth $1,624,000 after purchasing an additional 3,941 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Teradyne by 24.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 267,080 shares of the company's stock valued at $51,696,000 after purchasing an additional 51,678 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on TER shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $550.00 target price on shares of Teradyne in a research report on Wednesday, July 29th. Zacks Research raised Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. upgraded Teradyne from a "neutral" rating to an "overweight" rating and set a $400.00 price objective for the company in a research note on Thursday, April 30th. Stifel Nicolaus increased their price objective on Teradyne from $325.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, April 28th. 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 research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $396.80.

Teradyne Stock Performance

Shares of TER opened at $418.79 on Friday. Teradyne, Inc. has a fifty-two week low of $106.30 and a fifty-two week high of $487.91. The company has a market capitalization of $65.47 billion, a price-to-earnings ratio of 57.45, a price-to-earnings-growth ratio of 0.83 and a beta of 1.78. The firm has a 50-day simple moving average of $384.26 and a 200-day simple moving average of $348.39.

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, topping analysts' consensus estimates of $2.09 by $0.38. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The business's revenue was up 103.9% on a year-over-year basis. During the same quarter last year, the company posted $0.57 earnings per share. Equities research analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current year.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $423.03, for a total value of $1,692,120.00. Following the transaction, the chief executive officer directly owned 120,470 shares in the company, valued at approximately $50,962,424.10. This trade represents a 3.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the business's stock in a transaction that occurred 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 transaction, the insider directly owned 15,066 shares in the company, valued at approximately $5,203,344.42. The trade was 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. Insiders sold a total of 5,664 shares of company stock worth $2,273,133 over the last quarter. Company insiders own 0.19% of the company's stock.

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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