660,196 Shares in Teradyne, Inc. $TER Bought by WT Asset Management Ltd

WT Asset Management Ltd purchased a new stake in Teradyne, Inc. (NASDAQ:TER) during the second quarter, HoldingsChannel.com reports. The fund purchased 660,196 shares of the company’s stock, valued at approximately $319,429,000. Teradyne comprises about 6.3% of WT Asset Management Ltd’s investment portfolio, making the stock its 7th biggest holding.

Several other hedge funds have also bought and sold shares of TER. BlackRock Inc. bought a new stake in shares of Teradyne in the second quarter worth about $9,404,408,000. Andar Capital Management HK Ltd bought a new position in Teradyne during the second quarter valued at approximately $37,800,000. Norges Bank bought a new position in Teradyne during the fourth quarter valued at approximately $398,777,000. Wellington Management Group LLP grew its holdings in Teradyne by 13,949.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after buying an additional 2,022,389 shares in the last quarter. Finally, Aspex Management HK Ltd bought a new stake in Teradyne in the 4th quarter worth approximately $199,723,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 5.8%

Shares of TER opened at $443.14 on Tuesday. Teradyne, Inc. has a twelve month low of $106.30 and a twelve month high of $487.91. The company has a market cap of $69.28 billion, a P/E ratio of 60.79, a P/E/G ratio of 0.85 and a beta of 1.78. The company’s fifty day simple moving average is $385.63 and its 200-day simple moving average is $350.65.

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

Insider Activity at Teradyne

In related news, insider Shannon John Poulin sold 1,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was 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 of the company’s stock, valued at approximately $5,203,344.42. This trade represents a 6.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $423.03, for a total value 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. This represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,664 shares of company stock valued at $2,273,133 in the last 90 days. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TER shares. Citigroup increased their target price on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. UBS Group increased their price objective on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Bank of America lifted their price objective on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $550.00 target price on shares of Teradyne in a research report on Wednesday, July 29th. 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. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

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.