Evolve Private Wealth LLC Acquires Shares of 3,678 Teradyne, Inc. $TER

Evolve Private Wealth LLC bought a new stake in Teradyne, Inc. (NASDAQ:TER) in the second quarter, Holdings Channel reports. The institutional investor bought 3,678 shares of the company’s stock, valued at approximately $1,780,000.

Other hedge funds have also made changes to their positions in the company. Farringdon Capital Ltd. acquired a new position in Teradyne in the 2nd quarter valued at about $226,000. Varma Mutual Pension Insurance Co acquired a new stake in Teradyne during the 2nd quarter worth approximately $18,241,000. Westpac Banking Corp purchased a new position in shares of Teradyne in the 2nd quarter valued at approximately $1,502,000. Fourier Capital Management Ltd acquired a new position in shares of Teradyne in the second quarter valued at approximately $5,769,000. Finally, TRB Wealth Management LLC acquired a new position in shares of Teradyne in the second quarter valued at approximately $630,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity at Teradyne

In related 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 in the company, 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by company insiders.

Teradyne Price Performance

Shares of TER stock opened at $375.74 on Friday. The business’s fifty day moving average price is $386.46 and its 200 day moving average price is $353.78. The firm has a market capitalization of $58.74 billion, a PE ratio of 51.54, a P/E/G ratio of 0.76 and a beta of 1.78. Teradyne, Inc. has a 1-year low of $109.56 and a 1-year high of $487.91.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Evercore reaffirmed an “outperform” rating and set a $420.00 price target on shares of Teradyne in a report on Thursday, July 30th. Morgan Stanley boosted their price objective 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. Bank of America upped their price objective on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Weiss Ratings raised shares of Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Finally, Susquehanna lifted their target price on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. One investment 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $396.80.

About Teradyne

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.