Plato Investment Management Ltd Acquires New Stake in Teradyne, Inc. $TER

Plato Investment Management Ltd bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 6,038 shares of the company’s stock, valued at approximately $2,904,000.

Other institutional investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc bought a new stake in shares of Teradyne during the 2nd quarter valued at about $64,000. AMG National Trust Bank bought a new position in shares of Teradyne in the second quarter worth approximately $242,000. Simplicity Wealth LLC bought a new position in shares of Teradyne in the second quarter worth approximately $468,000. N.E.W. Advisory Services LLC purchased a new stake in Teradyne in the second quarter valued at approximately $90,000. Finally, HBK Sorce Advisory LLC bought a new stake in Teradyne during the second quarter valued at approximately $350,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Price Performance

TER opened at $418.79 on Monday. The stock’s 50 day simple moving average is $384.26 and its 200 day simple moving average is $349.21. The firm has a market cap of $65.47 billion, a price-to-earnings ratio of 57.45, a PEG ratio of 0.85 and a beta of 1.78. Teradyne, Inc. has a 1 year low of $106.30 and a 1 year 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 for the quarter, beating the consensus estimate of $2.09 by $0.38. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The business’s revenue was up 103.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 earnings per share. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Bank of America increased their price target on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $465.00 target price on shares of Teradyne in a research report on Tuesday, July 28th. 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. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price on the stock in a research note on Thursday, April 30th. Finally, Stifel Nicolaus raised their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. One equities 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Insider Buying and Selling at Teradyne

In related news, insider Shannon John Poulin sold 1,008 shares of the company’s 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 in the company, valued at $5,203,344.42. This represents a 6.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 stock in a transaction on Monday, June 15th. The shares were sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the sale, the chief executive officer directly owned 120,470 shares of the company’s stock, valued at $50,962,424.10. The trade was a 3.21% decrease in their position. 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 ninety days, insiders sold 5,664 shares of company stock worth $2,273,133. 0.19% of the stock is 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.