Teradyne, Inc. $TER Shares Bought by Ethic Inc.

Ethic Inc. grew its stake in Teradyne, Inc. (NASDAQ:TER) by 16.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,156 shares of the company’s stock after purchasing an additional 1,957 shares during the quarter. Ethic Inc.’s holdings in Teradyne were worth $6,849,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Teradyne during the 4th quarter worth about $28,000. Community Financial Services Group LLC acquired a new stake in Teradyne in the 2nd quarter worth about $29,000. McIlrath & Eck LLC purchased a new stake in Teradyne during the 1st quarter worth approximately $30,000. Elevation Wealth Partners LLC increased its stake in Teradyne by 1,320.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after buying an additional 66 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 2.0%

Teradyne stock opened at $418.79 on Friday. The company has a 50-day moving average price of $384.26 and a 200 day moving average price of $348.39. Teradyne, Inc. has a 12-month low of $106.30 and a 12-month high of $487.91. The stock has a market cap of $65.47 billion, a P/E ratio of 57.45, a PEG ratio of 0.83 and a beta of 1.78.

Teradyne (NASDAQ:TER) last posted its earnings results 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. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business posted $0.57 EPS. Teradyne’s revenue was up 103.9% on a year-over-year basis. As a group, analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Stifel Nicolaus raised their target price on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Cantor Fitzgerald reiterated an “overweight” rating and set a $550.00 price target on shares of Teradyne in a research report on Wednesday, July 29th. Robert W. Baird set a $420.00 price objective on Teradyne in a report on Thursday, July 30th. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price on the stock in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $465.00 target price on shares of Teradyne in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $396.80.

Insider Activity at Teradyne

In related news, insider Shannon John Poulin sold 656 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total value of $232,880.00. Following the transaction, the insider directly owned 15,722 shares in the company, valued at approximately $5,581,310. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 120,470 shares in the company, valued at $50,962,424.10. This represents a 3.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 5,664 shares of company stock worth $2,273,133. 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.