Landscape Capital Management L.L.C. Acquires Shares of 1,941 Teradyne, Inc. $TER

Landscape Capital Management L.L.C. acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,941 shares of the company’s stock, valued at approximately $939,000.

Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Teradyne during the second quarter valued at approximately $9,404,408,000. Andar Capital Management HK Ltd bought a new stake in Teradyne in the 2nd quarter worth approximately $37,800,000. Norges Bank bought a new stake in Teradyne in the 4th quarter worth approximately $398,777,000. Wellington Management Group LLP raised its holdings in shares of Teradyne by 13,949.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock worth $280,357,000 after acquiring an additional 2,022,389 shares in the last quarter. Finally, Aspex Management HK Ltd purchased a new stake in shares of Teradyne during the 4th quarter worth approximately $199,723,000. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Performance

Shares of TER opened at $375.74 on Monday. The company’s fifty day simple moving average is $386.46 and its 200-day simple moving average is $354.52. The company has a market cap of $58.74 billion, a P/E ratio of 51.54, a P/E/G ratio of 0.76 and a beta of 1.78. Teradyne, Inc. has a twelve month low of $109.56 and a twelve month high of $487.91.

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

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief executive officer owned 112,495 shares of the company’s stock, valued at $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TER. Morgan Stanley upped 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. Susquehanna boosted their target price on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a report on Tuesday, June 30th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price on the stock in a research report on Thursday, April 30th. Finally, Citigroup increased their price target on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.