OMERS ADMINISTRATION Corp Makes New Investment in Teradyne, Inc. $TER

OMERS ADMINISTRATION Corp bought a new stake in Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 152,397 shares of the company’s stock, valued at approximately $73,736,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Carolina Wealth Advisors LLC increased its position in shares of Teradyne by 42.5% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock valued at $55,000 after purchasing an additional 34 shares during the period. Vestor Capital LLC lifted its holdings in shares of Teradyne by 15.4% in the first quarter. Vestor Capital LLC now owns 285 shares of the company’s stock valued at $85,000 after buying an additional 38 shares during the period. Ashton Thomas Private Wealth LLC boosted its stake in Teradyne by 5.8% during the second quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock valued at $352,000 after buying an additional 40 shares in the last quarter. UMB Bank n.a. boosted its stake in Teradyne by 1.8% during the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock valued at $444,000 after buying an additional 40 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in Teradyne by 1.2% during the fourth quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after acquiring an additional 41 shares during the period. Institutional investors own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Stifel Nicolaus raised their target price on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. UBS Group lifted their price target on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $465.00 price target on shares of Teradyne in a report on Tuesday, July 28th. Finally, Robert W. Baird reissued a “neutral” rating and set a $420.00 price objective on shares of Teradyne in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $396.80.

Teradyne Stock Performance

TER stock opened at $375.74 on Monday. Teradyne, Inc. has a one year low of $109.56 and a one year high of $487.91. The firm 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. The firm has a 50-day moving average of $386.46 and a two-hundred day moving average of $354.52.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.09 by $0.38. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business’s revenue for the quarter was up 103.9% on a year-over-year basis. During the same period last year, the company posted $0.57 earnings per share. On average, equities research analysts anticipate that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Insider Activity at Teradyne

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 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 owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

Teradyne Company 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.