Polymer Capital Management HK LTD Makes New Investment in Teradyne, Inc. $TER

Polymer Capital Management HK LTD purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 4,815 shares of the company’s stock, valued at approximately $2,330,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Teradyne during the 2nd quarter worth about $9,404,408,000. Andar Capital Management HK Ltd bought a new stake in Teradyne in the 2nd quarter valued at $37,800,000. State Street Corp grew its position in Teradyne by 0.9% in the 4th quarter. State Street Corp now owns 7,078,635 shares of the company’s stock worth $1,370,141,000 after purchasing an additional 60,986 shares during the last quarter. Ameriprise Financial Inc. grew its position in Teradyne by 3.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock worth $442,413,000 after purchasing an additional 143,058 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Teradyne by 18.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock worth $813,640,000 after purchasing an additional 659,273 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. This represents a 3.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Bank of America upped their price objective on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Weiss Ratings upgraded Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target for the company in a report on Thursday, April 30th. Citigroup upped their price target on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Evercore reissued an “outperform” rating and set a $420.00 price objective on shares of Teradyne in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $396.80.

Teradyne Price Performance

NASDAQ TER opened at $375.74 on Monday. The stock has a market cap of $58.74 billion, a P/E ratio of 51.54, a PEG ratio of 0.76 and a beta of 1.78. The company’s 50-day simple moving average is $386.46 and its 200 day simple moving average is $354.52. Teradyne, Inc. has a twelve month low of $109.56 and a twelve month high of $487.91.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company’s quarterly revenue was up 103.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 earnings per share. Research analysts anticipate that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Teradyne Company 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.