Daiwa Securities Group Inc. Purchases 20,733 Shares of Teradyne, Inc. $TER

Daiwa Securities Group Inc. raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 70.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 50,101 shares of the company’s stock after acquiring an additional 20,733 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Teradyne were worth $24,241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Teradyne in the fourth quarter worth about $398,777,000. Wellington Management Group LLP lifted its stake in shares of Teradyne by 13,949.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after buying an additional 2,022,389 shares in the last quarter. Aspex Management HK Ltd bought a new position in Teradyne in the 4th quarter worth approximately $199,723,000. Corient Private Wealth LLC boosted its holdings in Teradyne by 2,189.2% in the 4th quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock worth $208,254,000 after buying an additional 1,028,916 shares during the period. Finally, Rafferty Asset Management LLC grew its stake in Teradyne by 65.4% in the 2nd quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company’s stock valued at $194,770,000 after buying an additional 856,540 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Susquehanna boosted their price objective on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $550.00 price objective on shares of Teradyne in a report on Wednesday, July 29th. Finally, Morgan Stanley increased their price objective on Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. One equities research 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Price Performance

NASDAQ TER opened at $418.79 on Friday. The company’s 50 day simple moving average is $384.26 and its two-hundred day simple moving average is $348.39. Teradyne, Inc. has a 1 year low of $106.30 and a 1 year high of $487.91. The stock has a market capitalization of $65.47 billion, a PE ratio of 57.45, a P/E/G ratio of 0.83 and a beta of 1.78.

Teradyne (NASDAQ:TER) last released its quarterly 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. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business’s revenue for the quarter was up 103.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 EPS. On average, research analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current year.

Insider Buying and Selling at Teradyne

In other Teradyne news, insider Shannon John Poulin sold 656 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $355.00, for a total value of $232,880.00. Following the sale, the insider owned 15,722 shares of the company’s stock, valued at $5,581,310. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 4,000 shares of Teradyne stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the sale, the chief executive officer owned 120,470 shares of the company’s stock, valued at approximately $50,962,424.10. This trade represents a 3.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,664 shares of company stock valued at $2,273,133 in the last three months. 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.