Teradyne, Inc. $TER Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its stake in Teradyne, Inc. (NASDAQ:TER) by 35.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 20,725 shares of the company’s stock after acquiring 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 reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Caerus Investment Advisors LLC lifted its position in shares of Teradyne by 34.6% in the first quarter. Caerus Investment Advisors LLC now owns 2,093 shares of the company’s stock valued at $620,000 after acquiring an additional 538 shares in the last quarter. Foguth Wealth Management LLC. purchased a new stake in Teradyne during the 1st quarter worth about $161,000. Essential Partners LLC raised its stake in Teradyne by 1.9% in the 1st quarter. Essential Partners LLC now owns 9,782 shares of the company’s stock valued at $2,900,000 after purchasing an additional 181 shares during the last quarter. Vestor Capital LLC lifted its holdings in 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 purchasing an additional 38 shares in the last quarter. Finally, Groupe la Francaise purchased a new position in Teradyne in the 1st quarter valued at about $6,494,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TER. Stifel Nicolaus lifted their price target on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Citigroup upped their price objective on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Bank of America increased their price target on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Robert W. Baird set a $420.00 price objective on Teradyne in a research note on Thursday, July 30th. Finally, Evercore reaffirmed an “outperform” rating and issued a $420.00 target price on shares of Teradyne in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average target price of $396.80.

Insider Transactions at Teradyne

In other Teradyne news, insider Shannon John Poulin sold 1,008 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the transaction, the insider directly owned 15,066 shares of the company’s stock, valued at $5,203,344.42. This represents a 6.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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. Also, CEO Gregory Stephen Smith sold 8,597 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the sale, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at $42,192,840.60. This trade represents a 6.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 14,261 shares of company stock worth $5,187,344 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $365.10 on Tuesday. The stock has a fifty day moving average price of $383.37 and a two-hundred day moving average price of $344.35. The firm has a market cap 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 1 year low of $104.58 and a 1 year high of $487.91.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The company’s quarterly revenue was up 103.9% compared to the same quarter last year. On average, research analysts predict that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

About Teradyne

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.