Evolve Private Wealth LLC Takes Position in Teradyne, Inc. $TER

Evolve Private Wealth LLC bought a new stake in Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,678 shares of the company’s stock, valued at approximately $1,780,000.

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

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research firms have commented on TER. UBS Group boosted their price target on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Robert W. Baird reaffirmed a “neutral” rating and set a $420.00 price objective on shares of Teradyne in a research report on Friday. Cantor Fitzgerald reiterated an “overweight” rating and set a $550.00 target price on shares of Teradyne in a research note on Wednesday, July 29th. Morgan Stanley increased their target price on Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Finally, Susquehanna raised their price target on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Price Performance

NASDAQ TER opened at $375.74 on Friday. The firm’s fifty day moving average price is $386.46 and its 200 day moving average price is $353.78. Teradyne, Inc. has a 12 month low of $109.56 and a 12 month high of $487.91. The company has a market capitalization of $58.74 billion, a price-to-earnings ratio of 51.54, a price-to-earnings-growth ratio of 0.76 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 (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 company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the company posted $0.57 earnings per share. The business’s quarterly revenue was up 103.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Teradyne, Inc. will post 9.1 earnings per share 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.