Vise Technologies Inc. Makes New $2.68 Million Investment in Teradyne, Inc. $TER

Vise Technologies Inc. purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the second quarter, HoldingsChannel.com reports. The fund purchased 5,543 shares of the company’s stock, valued at approximately $2,682,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Teradyne during the fourth quarter worth about $28,000. Community Financial Services Group LLC purchased a new position in Teradyne in the 2nd quarter worth $29,000. McIlrath & Eck LLC purchased a new position in Teradyne in the 1st quarter worth $30,000. Elevation Wealth Partners LLC lifted its position in Teradyne by 1,320.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after acquiring an additional 66 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in Teradyne during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

TER has been the subject of several research analyst reports. Stifel Nicolaus raised their price objective on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings upgraded Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Evercore reiterated an “outperform” rating and issued a $420.00 price target on shares of Teradyne in a report on Thursday, July 30th. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective for the company in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $396.80.

Teradyne Stock Down 1.9%

Shares of TER opened at $375.74 on Friday. The company has a market capitalization of $58.74 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 0.77 and a beta of 1.78. Teradyne, Inc. has a 52 week low of $109.56 and a 52 week high of $487.91. The stock’s 50-day moving average price is $386.46 and its 200-day moving average price is $353.78.

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

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction on 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 transaction, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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.