Calamos Advisors LLC Sells 2,814 Shares of Teradyne, Inc. $TER

Calamos Advisors LLC decreased its stake in Teradyne, Inc. (NASDAQ:TER) by 2.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 96,290 shares of the company’s stock after selling 2,814 shares during the quarter. Calamos Advisors LLC’s holdings in Teradyne were worth $46,589,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new position in Teradyne during the fourth quarter valued at approximately $28,000. Community Financial Services Group LLC bought a new stake in shares of Teradyne during the 2nd quarter worth approximately $29,000. McIlrath & Eck LLC bought a new stake in shares of Teradyne during the 1st quarter worth approximately $30,000. Elevation Wealth Partners LLC boosted its holdings 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 buying an additional 66 shares during the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Teradyne in the second quarter valued at $35,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of TER stock opened at $418.79 on Friday. Teradyne, Inc. has a 52 week low of $106.30 and a 52 week high of $487.91. The company has a market capitalization of $65.47 billion, a price-to-earnings ratio of 57.45, a PEG ratio of 0.83 and a beta of 1.78. The company has a 50-day simple moving average of $384.26 and a 200 day simple moving average of $348.39.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm earned $0.57 EPS. The business’s revenue was up 103.9% on a year-over-year basis. Sell-side analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TER shares. Stifel Nicolaus upped their price target 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. Morgan Stanley boosted their price objective on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Robert W. Baird set a $420.00 target price on shares of Teradyne in a report on Thursday, July 30th. UBS Group lifted 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. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $465.00 price target on shares of Teradyne in a research report on Tuesday, July 28th. One research 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. According to MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average price target of $396.80.

Insider Activity at Teradyne

In related news, insider Shannon John Poulin sold 656 shares of the business’s stock in a transaction 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 completion of the sale, the insider directly owned 15,722 shares in the company, valued at $5,581,310. The trade was a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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. Also, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the completion of the transaction, the chief executive officer directly owned 120,470 shares in the company, valued at approximately $50,962,424.10. This represents a 3.21% 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. Over the last three months, insiders have sold 5,664 shares of company stock valued at $2,273,133. 0.19% of the stock is currently owned by insiders.

About Teradyne

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.