1,635 Shares in Teradyne, Inc. $TER Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH bought a new stake in Teradyne, Inc. (NASDAQ:TER) during the second quarter, Holdings Channel.com reports. The fund bought 1,635 shares of the company’s stock, valued at approximately $757,000.

Other hedge funds have also bought and sold shares of the company. Community Financial Services Group LLC bought a new position in shares of Teradyne in the 2nd quarter worth $29,000. Elevation Wealth Partners LLC raised its position in shares of Teradyne by 1,320.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after buying an additional 66 shares in the last quarter. Mcdonald Partners LLC bought a new stake in shares of Teradyne during the 2nd quarter worth $36,000. Hilltop National Bank bought a new stake in shares of Teradyne during the 2nd quarter worth $41,000. Finally, McIlrath & Eck LLC purchased a new position in Teradyne in the first quarter worth $30,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Up 1.9%

Teradyne stock opened at $410.52 on Friday. The company has a market capitalization of $64.18 billion, a PE ratio of 56.31, a P/E/G ratio of 0.81 and a beta of 1.78. The firm has a fifty day simple moving average of $383.05 and a two-hundred day simple moving average of $347.89. Teradyne, Inc. has a twelve month low of $106.30 and a twelve month high of $487.91.

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

Insider Activity

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the completion of the sale, the chief executive officer directly owned 120,470 shares in the company, valued at $50,962,424.10. This represents a 3.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total value of $232,880.00. Following the transaction, the insider owned 15,722 shares in the company, valued at approximately $5,581,310. The trade was a 4.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold a total of 5,664 shares of company stock valued at $2,273,133 over the last 90 days. 0.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TER has been the topic of a number of research analyst reports. UBS Group increased their target price on Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Evercore reaffirmed an “outperform” rating and set a $420.00 price target on shares of Teradyne in a research note on Thursday, July 30th. Robert W. Baird set a $420.00 price objective on Teradyne in a report on Thursday, July 30th. Morgan Stanley increased their price objective on Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Finally, Stifel Nicolaus boosted their target price on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.