Compass Financial Management LLC Buys Shares of 1,537 Teradyne, Inc. $TER

Compass Financial Management LLC acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,537 shares of the company’s stock, valued at approximately $744,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Teradyne in the second quarter worth about $9,404,408,000. Andar Capital Management HK Ltd purchased a new position in shares of Teradyne during the 2nd quarter valued at about $37,800,000. Norges Bank purchased a new position in shares of Teradyne during the 4th quarter valued at about $398,777,000. Wellington Management Group LLP grew 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 acquiring an additional 2,022,389 shares during the period. Finally, Aspex Management HK Ltd bought a new position in shares of Teradyne during the 4th quarter valued at approximately $199,723,000. 99.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 112,495 shares in the company, valued at $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Teradyne Price Performance

NASDAQ:TER opened at $375.74 on Monday. The stock’s 50 day simple moving average is $386.46 and its two-hundred day simple moving average is $354.52. Teradyne, Inc. has a 1 year low of $109.56 and a 1 year high of $487.91. The company has a market cap of $58.74 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 0.76 and a beta of 1.78.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.09 by $0.38. The business 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%. Teradyne’s quarterly revenue was up 103.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.57 earnings per share. As a group, analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on TER shares. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 target price on shares of Teradyne in a research note on Wednesday, July 29th. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Weiss Ratings upgraded shares of Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Evercore reiterated an “outperform” rating and issued a $420.00 price target on shares of Teradyne in a research note on Thursday, July 30th. Finally, Citigroup raised 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. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $396.80.

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.