Capstone Wealth Management Group Inc. Takes Position in Teradyne, Inc. $TER

Capstone Wealth Management Group Inc. bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,556 shares of the company’s stock, valued at approximately $753,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new position in Teradyne in the 4th quarter valued at approximately $28,000. Community Financial Services Group LLC bought a new stake in shares of Teradyne during the second quarter worth $29,000. McIlrath & Eck LLC acquired a new position in shares of Teradyne during the first quarter worth $30,000. Elevation Wealth Partners LLC increased its holdings in shares of Teradyne by 1,320.0% during the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after buying an additional 66 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Teradyne in the 2nd quarter valued at $35,000. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In other Teradyne 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 sale, the insider owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 dated 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 owned 120,470 shares of the company’s stock, valued at approximately $50,962,424.10. The trade was a 3.21% decrease in their ownership of the stock. 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. In the last 90 days, insiders sold 5,664 shares of company stock worth $2,273,133. 0.19% of the stock is owned by company insiders.

Teradyne Price Performance

Shares of TER stock opened at $410.52 on Friday. The business’s 50 day simple moving average is $383.05 and its 200 day simple moving average is $347.89. Teradyne, Inc. has a one year low of $106.30 and a one year high of $487.91. The stock has a market capitalization of $64.18 billion, a PE ratio of 56.31, a PEG ratio of 0.81 and a beta of 1.78.

Teradyne (NASDAQ:TER) last released its quarterly 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. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business earned $0.57 EPS. The company’s revenue was up 103.9% compared to the same quarter last year. As a group, research analysts expect that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Analyst Ratings Changes

TER has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target on the stock in a research note on Thursday, April 30th. Bank of America upped their price objective on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Citigroup raised their price objective on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Evercore reissued an “outperform” rating and set a $420.00 target price on shares of Teradyne in a report on Thursday, July 30th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $550.00 target price on shares of Teradyne in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Teradyne currently has an average 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.