Erste Asset Management GmbH Buys Shares of 1,635 Teradyne, Inc. $TER

Erste Asset Management GmbH purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,635 shares of the company’s stock, valued at approximately $757,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in Teradyne in the 4th quarter worth about $398,777,000. Wellington Management Group LLP lifted its holdings in Teradyne by 13,949.4% during the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after purchasing an additional 2,022,389 shares during the last quarter. Aspex Management HK Ltd bought a new position in Teradyne during the fourth quarter worth about $199,723,000. Corient Private Wealth LLC boosted its position in Teradyne by 2,189.2% during the fourth quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock worth $208,254,000 after purchasing an additional 1,028,916 shares during the period. Finally, Rafferty Asset Management LLC increased its stake in shares of Teradyne by 65.4% in the second quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company’s stock worth $194,770,000 after purchasing an additional 856,540 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the 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 sale, 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 filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of Teradyne stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total value of $348,132.96. Following the sale, the insider directly owned 15,066 shares of the company’s stock, valued at $5,203,344.42. This represents a 6.27% 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. Insiders have sold a total of 5,664 shares of company stock valued at $2,273,133 over the last 90 days. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the topic of several research reports. Stifel Nicolaus boosted their price target on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Morgan Stanley lifted 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. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price on the stock in a report on Thursday, April 30th. The Goldman Sachs Group restated a “buy” rating and set a $465.00 target price on shares of Teradyne in a research report on Tuesday, July 28th. Finally, Evercore reaffirmed an “outperform” rating and issued a $420.00 price target on shares of Teradyne in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $396.80.

Teradyne Trading Up 1.9%

TER stock opened at $410.52 on Friday. The firm has a 50 day moving average of $383.05 and a 200-day moving average of $347.89. The firm has a market capitalization of $64.18 billion, a P/E ratio of 56.31, a price-to-earnings-growth ratio of 0.81 and a beta of 1.78. Teradyne, Inc. has a 12 month low of $106.30 and a 12 month high of $487.91.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $0.57 EPS. Teradyne’s revenue was up 103.9% on a year-over-year basis. Sell-side analysts predict that Teradyne, Inc. will post 9.1 EPS for the current year.

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.