OVERSEA CHINESE BANKING Corp Ltd Makes New Investment in Teradyne, Inc. $TER

OVERSEA CHINESE BANKING Corp Ltd bought a new position in Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 29,871 shares of the company’s stock, valued at approximately $14,453,000.

A number of other large investors have also recently modified their holdings of TER. Carolina Wealth Advisors LLC increased its position in shares of Teradyne by 42.5% during the second quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock valued at $55,000 after buying an additional 34 shares during the period. Vestor Capital LLC raised its stake in Teradyne by 15.4% in the first quarter. Vestor Capital LLC now owns 285 shares of the company’s stock worth $85,000 after buying an additional 38 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in Teradyne by 5.8% in the second quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock worth $352,000 after buying an additional 40 shares during the period. UMB Bank n.a. lifted its holdings in Teradyne by 1.8% in the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock worth $444,000 after buying an additional 40 shares during the period. Finally, Stephens Inc. AR boosted its position in Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock valued at $645,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s 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 completion of the transaction, the chief executive officer owned 112,495 shares of the company’s stock, valued at $47,810,375. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on TER shares. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Evercore restated an “outperform” rating and issued a $420.00 target price on shares of Teradyne in a research note on Thursday, July 30th. Robert W. Baird set a $420.00 price target on Teradyne in a research report on Thursday, July 30th. Stifel Nicolaus lifted their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $550.00 price target on shares of Teradyne in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Stock Performance

Shares of TER opened at $383.15 on Friday. Teradyne, Inc. has a fifty-two week low of $107.82 and a fifty-two week high of $487.91. The firm’s 50-day simple moving average is $387.01 and its two-hundred day simple moving average is $353.63. The stock has a market cap of $59.90 billion, a PE ratio of 52.56, a price-to-earnings-growth ratio of 0.77 and a beta of 1.78.

Teradyne (NASDAQ:TER) last released its 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. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the business earned $0.57 earnings per share. The business’s revenue was up 103.9% on a year-over-year basis. Equities research analysts predict that Teradyne, Inc. will post 9.1 EPS for the current year.

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.