11,924 Shares in Teradyne, Inc. $TER Bought by Fourier Capital Management Ltd

Fourier Capital Management Ltd purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,924 shares of the company’s stock, valued at approximately $5,769,000. Teradyne accounts for about 9.0% of Fourier Capital Management Ltd’s portfolio, making the stock its 6th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its holdings in shares of Teradyne by 12.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after purchasing an additional 468 shares during the period. Caxton Associates LLP purchased a new stake in Teradyne in the first quarter valued at approximately $297,000. Cresset Asset Management LLC increased its holdings in Teradyne by 11.6% in the 2nd quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock worth $608,000 after buying an additional 702 shares during the period. NewEdge Advisors LLC increased its holdings in Teradyne by 467.1% in the 2nd quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock worth $306,000 after buying an additional 2,807 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in Teradyne by 5.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock worth $6,755,000 after buying an additional 3,651 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction 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 $47,810,375. The trade was a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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.

Teradyne Trading Down 1.9%

Shares of TER stock opened at $375.74 on Friday. Teradyne, Inc. has a twelve month low of $109.56 and a twelve month high of $487.91. The stock has a market cap of $58.74 billion, a P/E ratio of 51.54, a P/E/G ratio of 0.77 and a beta of 1.78. The stock has a 50 day moving average of $386.46 and a 200 day moving average of $353.78.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 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 business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $0.57 EPS. The business’s quarterly revenue was up 103.9% compared to the same quarter last year. On average, research analysts predict that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

TER has been the subject of several research reports. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $550.00 price objective on shares of Teradyne in a research note on Wednesday, July 29th. Citigroup raised their target price on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus boosted their target price on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Morgan Stanley boosted their target price on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $396.80.

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.