Polymer Capital Management HK LTD Acquires New Position in Teradyne, Inc. $TER

Polymer Capital Management HK LTD acquired a new stake in Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,815 shares of the company’s stock, valued at approximately $2,330,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Teradyne during the 2nd quarter valued at $9,404,408,000. Andar Capital Management HK Ltd purchased a new stake in shares of Teradyne during the second quarter worth $37,800,000. State Street Corp boosted its position in Teradyne by 0.9% during the fourth quarter. State Street Corp now owns 7,078,635 shares of the company’s stock valued at $1,370,141,000 after purchasing an additional 60,986 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Teradyne by 3.0% during the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock valued at $442,413,000 after purchasing an additional 143,058 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Teradyne by 18.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock valued at $813,640,000 after purchasing an additional 659,273 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Teradyne stock opened at $375.74 on Monday. Teradyne, Inc. has a one year low of $109.56 and a one year high of $487.91. The company’s fifty day moving average price is $386.46 and its two-hundred day moving average price is $354.52. The company has a market capitalization of $58.74 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 0.76 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 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 the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $0.57 EPS. The firm’s revenue was up 103.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TER. Citigroup upped their target price on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Weiss Ratings raised Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Morgan Stanley increased their price objective on Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Finally, Bank of America increased their price objective on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the transaction, 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 SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by insiders.

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.