Private Advisory Group LLC Acquires Shares of 42,504 Teradyne, Inc. $TER

Private Advisory Group LLC acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the second quarter, HoldingsChannel.com reports. The fund acquired 42,504 shares of the company’s stock, valued at approximately $20,565,000. Teradyne makes up about 1.1% of Private Advisory Group LLC’s portfolio, making the stock its 27th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gouws Capital LLC lifted its position in Teradyne by 96.0% during the fourth quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock worth $2,966,000 after acquiring an additional 7,505 shares during the last quarter. Merit Financial Group LLC grew its position in shares of Teradyne by 81.3% in the fourth quarter. Merit Financial Group LLC now owns 6,659 shares of the company’s stock valued at $1,289,000 after purchasing an additional 2,986 shares during the last quarter. Wealthfront Advisers LLC grew its position in shares of Teradyne by 56.0% in the fourth quarter. Wealthfront Advisers LLC now owns 29,336 shares of the company’s stock valued at $5,678,000 after purchasing an additional 10,526 shares during the last quarter. Lecap Asset Management Ltd. increased its stake in shares of Teradyne by 88.5% during the fourth quarter. Lecap Asset Management Ltd. now owns 8,392 shares of the company’s stock worth $1,624,000 after purchasing an additional 3,941 shares during the period. Finally, Zweig DiMenna Associates LLC increased its stake in shares of Teradyne by 10.0% during the fourth quarter. Zweig DiMenna Associates LLC now owns 80,629 shares of the company’s stock worth $15,607,000 after purchasing an additional 7,300 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TER shares. The Goldman Sachs Group restated a “buy” rating and issued a $465.00 price target on shares of Teradyne in a research note on Tuesday, July 28th. Bank of America increased their price objective on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Evercore reissued an “outperform” rating and set a $420.00 target price on shares of Teradyne in a report on Thursday, July 30th. Weiss Ratings raised Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price for the company in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $396.80.

Teradyne Trading Up 2.0%

NASDAQ TER opened at $418.79 on Friday. Teradyne, Inc. has a 1-year low of $106.30 and a 1-year high of $487.91. The company has a 50 day moving average of $384.26 and a 200-day moving average of $348.39. The company has a market cap of $65.47 billion, a price-to-earnings ratio of 57.45, a PEG ratio of 0.85 and a beta of 1.78.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.38. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.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 posted $0.57 earnings per share. On average, equities research analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 120,470 shares in the company, valued at approximately $50,962,424.10. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total value of $232,880.00. Following the completion of the transaction, the insider owned 15,722 shares in the company, valued at $5,581,310. The trade was a 4.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 quarter, insiders have sold 5,664 shares of company stock valued at $2,273,133. Corporate insiders own 0.19% of the company’s stock.

Teradyne 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.