Great Lakes Advisors LLC Makes New Investment in Teradyne, Inc. $TER

Great Lakes Advisors LLC purchased a new position in Teradyne, Inc. (NASDAQ:TER) in the second quarter, Holdings Channel.com reports. The firm purchased 8,355 shares of the company’s stock, valued at approximately $4,042,000.

Several other hedge funds have also recently made changes to their positions in TER. Community Financial Services Group LLC purchased a new stake in Teradyne during the 2nd quarter valued at $29,000. Elevation Wealth Partners LLC grew its holdings in shares of Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after acquiring an additional 66 shares during the period. Mcdonald Partners LLC purchased a new stake in Teradyne during the second quarter valued at $36,000. Hilltop National Bank bought a new position in Teradyne in the second quarter valued at about $41,000. Finally, McIlrath & Eck LLC bought a new position in Teradyne in the first quarter valued at about $30,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Performance

NASDAQ:TER opened at $383.15 on Friday. The stock has a 50-day simple moving average of $387.01 and a two-hundred day simple moving average of $353.63. The firm has a market capitalization of $59.90 billion, a PE ratio of 52.56, a P/E/G ratio of 0.77 and a beta of 1.78. Teradyne, Inc. has a 52-week low of $107.82 and a 52-week 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 the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $0.57 earnings per share. The business’s revenue for the quarter was up 103.9% compared to the same quarter last year. Equities analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TER shares. Morgan Stanley boosted their price target on Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Evercore reiterated an “outperform” rating and issued a $420.00 price objective on shares of Teradyne in a research note on Thursday, July 30th. Citigroup boosted their target price on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 target price on shares of Teradyne in a research report on Wednesday, July 29th. Finally, Bank of America upped their target price on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. One equities research 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. According to MarketBeat.com, the stock currently 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 firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the sale, the chief executive officer owned 112,495 shares in the company, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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.

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.