2,705 Shares in Teradyne, Inc. $TER Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,705 shares of the company’s stock, valued at approximately $1,309,000.

A number of other large investors have also recently modified their holdings of TER. Community Financial Services Group LLC bought a new position in shares of Teradyne in the second quarter worth approximately $29,000. Elevation Wealth Partners LLC raised its stake in Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after purchasing an additional 66 shares in the last quarter. Mcdonald Partners LLC bought a new stake in Teradyne during the second quarter valued at approximately $36,000. Hilltop National Bank bought a new stake in Teradyne during the second quarter valued at approximately $41,000. Finally, McIlrath & Eck LLC purchased a new position in Teradyne in the 1st quarter worth approximately $30,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of TER opened at $443.14 on Tuesday. The firm has a market cap of $69.28 billion, a price-to-earnings ratio of 60.79, a PEG ratio of 0.85 and a beta of 1.78. Teradyne, Inc. has a fifty-two week low of $106.30 and a fifty-two week high of $487.91. The firm has a 50 day moving average price of $385.63 and a 200-day moving average price of $350.65.

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 net margin of 25.77% and a return on equity of 39.93%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the company earned $0.57 EPS. The firm’s revenue was up 103.9% on a year-over-year basis. As a group, equities research analysts predict that Teradyne, Inc. will post 9.1 earnings per share for the current 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 business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total value of $232,880.00. Following the completion of the sale, the insider owned 15,722 shares of the company’s stock, valued at $5,581,310. The trade was a 4.01% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last 90 days, insiders have sold 5,664 shares of company stock valued at $2,273,133. Company insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $550.00 price target on shares of Teradyne in a report on Wednesday, July 29th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $465.00 price objective on shares of Teradyne in a report on Tuesday, July 28th. Susquehanna upped their target price on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Robert W. Baird set a $420.00 target price on Teradyne in a research note on Thursday, July 30th. Finally, Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.