Capstone Wealth Management Group Inc. Takes $753,000 Position in Teradyne, Inc. $TER

Capstone Wealth Management Group Inc. bought a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the second quarter, Holdings Channel reports. The institutional investor bought 1,556 shares of the company’s stock, valued at approximately $753,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp increased its stake in Teradyne by 0.9% in the fourth quarter. State Street Corp now owns 7,078,635 shares of the company’s stock valued at $1,370,141,000 after purchasing an additional 60,986 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Teradyne by 3.0% during 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its position 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 in the last quarter. Invesco Ltd. grew its stake in shares of Teradyne by 3.5% in the 3rd quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock valued at $407,322,000 after buying an additional 99,864 shares during the period. Finally, Morgan Stanley grew its stake in shares of Teradyne by 1.9% in the 4th quarter. Morgan Stanley now owns 2,442,014 shares of the company’s stock valued at $472,677,000 after buying an additional 45,089 shares during the period. 99.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TER shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $465.00 price target on shares of Teradyne in a research note on Tuesday, July 28th. Susquehanna raised 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. Robert W. Baird set a $420.00 price objective on Teradyne in a report on Thursday, July 30th. Evercore reaffirmed an “outperform” rating and set a $420.00 target price on shares of Teradyne in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price on the stock in a report on Thursday, April 30th. One 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $396.80.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the 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 completion of the sale, the chief executive officer owned 120,470 shares in the company, valued at approximately $50,962,424.10. This trade represents a 3.21% decrease in their position. The transaction 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. Also, insider Shannon John Poulin sold 1,008 shares of Teradyne stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the transaction, the insider directly owned 15,066 shares in the company, valued at approximately $5,203,344.42. This represents a 6.27% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 5,664 shares of company stock worth $2,273,133 over the last three months. 0.19% of the stock is owned by insiders.

Teradyne Trading Up 1.9%

Shares of Teradyne stock opened at $410.52 on Friday. The stock has a fifty day simple moving average of $383.05 and a 200 day simple moving average of $347.89. Teradyne, Inc. has a 12-month low of $106.30 and a 12-month high of $487.91. The company has a market capitalization of $64.18 billion, a P/E ratio of 56.31, a price-to-earnings-growth ratio of 0.81 and a beta of 1.78.

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