Commerce Bank Purchases New Stake in Teradyne, Inc. $TER

Commerce Bank acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,568 shares of the company’s stock, valued at approximately $5,113,000.

A number of other large investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in Teradyne during the fourth quarter valued at approximately $28,000. Community Financial Services Group LLC acquired a new stake in shares of Teradyne in the 2nd quarter valued at $29,000. McIlrath & Eck LLC bought a new position in shares of Teradyne in the 1st quarter valued at $30,000. Elevation Wealth Partners LLC increased its stake in shares of Teradyne by 1,320.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after purchasing an additional 66 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne during the 2nd quarter worth $35,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley upped their price objective on Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Bank of America increased their target price on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Citigroup lifted their price target on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Evercore reissued an “outperform” rating and issued a $420.00 price objective on shares of Teradyne in a research note on Thursday, July 30th. Finally, Weiss Ratings raised shares of Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. One 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the company’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 value of $1,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,495 shares in the company, valued at approximately $47,810,375. This represents a 3.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

Teradyne Stock Performance

Teradyne stock opened at $375.74 on Monday. The stock has a 50-day moving average price of $386.46 and a two-hundred day moving average price of $354.52. 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 PE ratio of 51.54, a P/E/G ratio of 0.76 and a beta of 1.78.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share 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 analysts’ expectations of $1.22 billion. During the same period in the previous year, the business 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, analysts predict that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal 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.