Andar Capital Management HK Ltd Makes New $5.85 Million Investment in Teradyne, Inc. (NASDAQ:TER)

Andar Capital Management HK Ltd bought a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 53,900 shares of the company's stock, valued at approximately $5,849,000. Teradyne comprises 8.3% of Andar Capital Management HK Ltd's portfolio, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cornerstone Planning Group LLC acquired a new position in Teradyne during the third quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Teradyne during the third quarter valued at approximately $27,000. CVA Family Office LLC acquired a new position in Teradyne during the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC acquired a new position in Teradyne during the third quarter valued at approximately $36,000. Finally, NBC Securities Inc. acquired a new position in Teradyne during the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Stock Performance

NASDAQ:TER traded down $2.58 on Wednesday, hitting $113.74. The stock had a trading volume of 3,360,121 shares, compared to its average volume of 1,949,491. The stock has a market cap of $17.40 billion, a P/E ratio of 43.25 and a beta of 1.56. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $119.20. The firm's fifty day simple moving average is $106.26 and its two-hundred day simple moving average is $100.83.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. The firm had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. Equities research analysts predict that Teradyne, Inc. will post 2.98 EPS for the current year.

Insider Buying and Selling

In related news, Director Ernest E. Maddock purchased 1,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of $94.07 per share, with a total value of $94,070.00. Following the acquisition, the director now owns 4,728 shares of the company's stock, valued at approximately $444,762.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Teradyne from $100.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, April 11th. Robert W. Baird raised their price target on shares of Teradyne from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. Susquehanna raised their price target on shares of Teradyne from $125.00 to $130.00 and gave the company a "positive" rating in a research report on Friday, April 26th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $110.00 price target on shares of Teradyne in a research report on Thursday, April 25th. Finally, Evercore ISI began coverage on shares of Teradyne in a research report on Tuesday, April 16th. They issued an "outperform" rating and a $130.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $117.83.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.