3,830 Shares in Teradyne, Inc. $TER Acquired by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc purchased a new stake in Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 3,830 shares of the company’s stock, valued at approximately $1,853,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Teradyne in the 4th quarter valued at $28,000. Community Financial Services Group LLC bought a new position in Teradyne during the second quarter worth $29,000. McIlrath & Eck LLC bought a new position in Teradyne during the first quarter worth $30,000. Elevation Wealth Partners LLC grew its holdings in Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after purchasing an additional 66 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new stake in Teradyne in the second quarter worth $35,000. 99.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the transaction, the chief executive officer owned 120,470 shares of the company’s stock, valued at $50,962,424.10. The trade was a 3.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total value of $232,880.00. Following the sale, the insider owned 15,722 shares of the company’s stock, valued at $5,581,310. This trade represents a 4.01% decrease in their position. The SEC filing for this sale provides additional information. 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 three months. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

TER has been the topic of a number of research analyst reports. Robert W. Baird set a $420.00 price objective on shares of Teradyne in a research report on Thursday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $550.00 target price on shares of Teradyne in a research report on Wednesday, July 29th. Bank of America upped their price target on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target on the stock in a report on Thursday, April 30th. Finally, Susquehanna raised their price objective on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne Trading Up 5.8%

Teradyne stock opened at $443.14 on Tuesday. Teradyne, Inc. has a 1-year low of $106.30 and a 1-year high of $487.91. The firm has a market capitalization of $69.28 billion, a price-to-earnings ratio of 60.79, a price-to-earnings-growth ratio of 0.85 and a beta of 1.78. The firm’s fifty day moving average price is $385.63 and its two-hundred day moving average price is $350.65.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping 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 company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The firm’s revenue for the quarter was up 103.9% on a year-over-year basis. On average, research analysts forecast 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.