Zions Bancorporation National Association UT Purchases 1,235 Shares of Teradyne, Inc. $TER

Zions Bancorporation National Association UT boosted its position in Teradyne, Inc. (NASDAQ:TER) by 113.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,321 shares of the company’s stock after purchasing an additional 1,235 shares during the period. Zions Bancorporation National Association UT’s holdings in Teradyne were worth $1,123,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Teradyne during the 4th quarter worth about $28,000. Community Financial Services Group LLC bought a new position in shares of Teradyne in the 2nd quarter worth about $29,000. McIlrath & Eck LLC acquired a new position in shares of Teradyne in the 1st quarter valued at about $30,000. Elevation Wealth Partners LLC lifted 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 period. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Teradyne during the 2nd quarter valued at about $35,000. Institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Bank of America raised their target price on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Weiss Ratings raised Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. UBS Group increased their price target on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Stifel Nicolaus raised their price objective on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $396.80.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $423.03, for a total value of $1,692,120.00. Following the transaction, the chief executive officer directly owned 120,470 shares in the company, valued at $50,962,424.10. This trade represents a 3.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of Teradyne stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the sale, the insider directly owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. The trade was a 6.27% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last quarter, insiders sold 5,664 shares of company stock worth $2,273,133. 0.19% of the stock is owned by company insiders.

Teradyne Stock Performance

TER stock opened at $418.79 on Friday. The stock’s 50 day simple moving average is $384.26 and its 200 day simple moving average is $348.39. The company has a market cap of $65.47 billion, a P/E ratio of 57.45, a price-to-earnings-growth ratio of 0.83 and a beta of 1.78. Teradyne, Inc. has a fifty-two week low of $106.30 and a fifty-two week high of $487.91.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The company’s revenue for the quarter was up 103.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. Equities analysts predict that Teradyne, Inc. will post 9.1 earnings per share for the current year.

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.