Boomfish Wealth Group LLC Cuts Stake in Teradyne, Inc. (NASDAQ:TER)

Boomfish Wealth Group LLC lessened its stake in Teradyne, Inc. (NASDAQ:TER) by 13.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,405 shares of the company’s stock after selling 2,591 shares during the quarter. Teradyne makes up about 1.7% of Boomfish Wealth Group LLC’s investment portfolio, making the stock its 14th largest position. Boomfish Wealth Group LLC’s holdings in Teradyne were worth $2,581,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Teradyne by 6.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 158,270 shares of the company’s stock worth $16,104,000 after purchasing an additional 9,960 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Teradyne by 17.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock valued at $37,887,000 after acquiring an additional 50,156 shares during the last quarter. Caxton Associates LP purchased a new position in Teradyne in the fourth quarter worth about $1,560,000. Janney Montgomery Scott LLC increased its stake in Teradyne by 8.2% during the first quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock worth $21,295,000 after acquiring an additional 14,272 shares during the last quarter. Finally, KBC Group NV raised its position in Teradyne by 1,544.3% during the fourth quarter. KBC Group NV now owns 473,221 shares of the company’s stock valued at $51,354,000 after purchasing an additional 444,442 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Insider Transactions at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the completion of the transaction, the director now directly owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Richard John Burns sold 5,005 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the sale, the insider now directly owns 21,780 shares in the company, valued at approximately $2,997,799.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total value of $89,900.00. Following the transaction, the director now directly owns 18,393 shares of the company’s stock, valued at $2,645,649.12. The disclosure for this sale can be found here. Insiders have sold a total of 6,255 shares of company stock valued at $859,269 in the last 90 days. Insiders own 0.36% of the company’s stock.

Teradyne Trading Up 1.1 %

Shares of TER traded up $1.39 during midday trading on Friday, reaching $133.12. 1,338,232 shares of the stock were exchanged, compared to its average volume of 2,586,143. The company has a market capitalization of $20.78 billion, a P/E ratio of 50.62, a PEG ratio of 2.57 and a beta of 1.50. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $163.21. The company’s 50 day moving average is $141.28 and its two-hundred day moving average is $123.12.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The company had revenue of $729.88 million for the quarter, compared to analysts’ expectations of $701.20 million. During the same period in the prior year, the business earned $0.79 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts expect that Teradyne, Inc. will post 3.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Northland Capmk lowered Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Susquehanna increased their target price on shares of Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research note on Friday, July 26th. KeyCorp lifted their price target on shares of Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. Citigroup reduced their price objective on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Finally, UBS Group boosted their target price on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $141.50.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.