Pictet Asset Management Holding SA Buys 177,167 Shares of Teradyne, Inc. $TER

Pictet Asset Management Holding SA increased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 22.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 977,716 shares of the company’s stock after purchasing an additional 177,167 shares during the period. Pictet Asset Management Holding SA’s holdings in Teradyne were worth $472,788,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TER. Integrated Wealth Concepts LLC grew its holdings in Teradyne by 12.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock valued at $342,000 after buying an additional 468 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Teradyne in the first quarter worth about $297,000. Cresset Asset Management LLC lifted its holdings in shares of Teradyne by 11.6% in the second quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock worth $608,000 after buying an additional 702 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Teradyne by 467.1% in the second quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock valued at $306,000 after acquiring an additional 2,807 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in shares of Teradyne by 5.1% in the second quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock valued at $6,755,000 after acquiring an additional 3,651 shares during the period. Institutional investors own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

TER has been the subject of several recent analyst reports. Susquehanna upped their target price on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a report on Tuesday, June 30th. Morgan Stanley raised their price target on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 price target on shares of Teradyne in a research report on Wednesday, July 29th. UBS Group upped their price target on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, Stifel Nicolaus increased their price objective on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $396.80.

Teradyne Price Performance

Shares of Teradyne stock opened at $418.79 on Friday. Teradyne, Inc. has a 1 year low of $106.30 and a 1 year high of $487.91. The firm has a market cap of $65.47 billion, a PE ratio of 57.45, a PEG ratio of 0.83 and a beta of 1.78. The company has a 50 day simple moving average of $384.26 and a two-hundred day simple moving average of $348.39.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 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 net margin of 25.77% and a return on equity of 39.93%. The business’s revenue for the quarter was up 103.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 EPS. As a group, research analysts anticipate that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Insider Buying and Selling at Teradyne

In other Teradyne news, insider Shannon John Poulin sold 1,008 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the sale, the insider owned 15,066 shares in the company, valued at $5,203,344.42. This trade represents a 6.27% decrease in their ownership of the stock. The transaction 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 4,000 shares of Teradyne stock in a transaction dated 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 sale, the chief executive officer directly 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 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 5,664 shares of company stock valued at $2,273,133 over the last quarter. 0.19% of the stock is owned by company insiders.

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.