Cibc World Market Inc. Buys New Position in Teradyne, Inc. $TER

Cibc World Market Inc. acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 54,568 shares of the company’s stock, valued at approximately $26,402,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Carolina Wealth Advisors LLC increased its stake in shares of Teradyne by 42.5% in the second quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock worth $55,000 after purchasing an additional 34 shares in the last quarter. Vestor Capital LLC increased its holdings in shares of Teradyne by 15.4% in the first quarter. Vestor Capital LLC now owns 285 shares of the company’s stock worth $85,000 after purchasing an additional 38 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in Teradyne by 5.8% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock worth $352,000 after acquiring an additional 40 shares during the last quarter. UMB Bank n.a. increased its position in Teradyne by 1.8% in the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock worth $444,000 after purchasing an additional 40 shares during the last quarter. Finally, Stephens Inc. AR raised its position in shares of Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock valued at $645,000 after buying an additional 41 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TER shares. Bank of America increased their price target on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Morgan Stanley lifted their price target on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Robert W. Baird reaffirmed a “neutral” rating and issued a $420.00 price objective on shares of Teradyne in a research note on Friday. Weiss Ratings upgraded Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Finally, JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target on the stock in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne Stock Performance

Teradyne stock opened at $375.74 on Monday. Teradyne, Inc. has a fifty-two week low of $109.56 and a fifty-two week high of $487.91. The business’s 50-day simple moving average is $386.46 and its two-hundred day simple moving average is $354.52. The company has a market cap of $58.74 billion, a PE ratio of 51.54, a PEG ratio of 0.76 and a beta of 1.78.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.22 billion. During the same period last year, the firm posted $0.57 EPS. Teradyne’s revenue for the quarter was up 103.9% compared to the same quarter last year. As a group, analysts predict that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company’s stock.

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.