Generali Investments Management Co LLC Increases Stock Holdings in Teradyne, Inc. $TER

Generali Investments Management Co LLC boosted its holdings in Teradyne, Inc. (NASDAQ:TER) by 525.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,769 shares of the company’s stock after purchasing an additional 2,326 shares during the quarter. Generali Investments Management Co LLC’s holdings in Teradyne were worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Teradyne during the 4th quarter valued at about $28,000. Community Financial Services Group LLC acquired a new stake in shares of Teradyne in the second quarter worth approximately $29,000. McIlrath & Eck LLC acquired a new stake in shares of Teradyne in the first quarter worth approximately $30,000. Elevation Wealth Partners LLC boosted its position in shares of 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 acquiring an additional 66 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in Teradyne in the second quarter valued at approximately $35,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Susquehanna upped their price target on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Evercore reiterated an “outperform” rating and issued a $420.00 price target on shares of Teradyne in a report on Thursday, July 30th. UBS Group boosted their price objective on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Robert W. Baird set a $420.00 price objective on Teradyne in a report on Thursday, July 30th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $465.00 price objective on shares of Teradyne in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Price Performance

NASDAQ:TER opened at $365.10 on Tuesday. The firm has a 50-day moving average of $383.37 and a two-hundred day moving average of $344.35. The stock has a market cap of $57.08 billion, a P/E ratio of 50.08, a PEG ratio of 0.77 and a beta of 1.78. Teradyne, Inc. has a 1-year low of $104.58 and a 1-year high of $487.91.

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

Insider Buying and Selling

In other Teradyne 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 sale, the chief executive officer directly owned 120,470 shares in the company, valued at $50,962,424.10. The trade was a 3.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 that occurred on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total value of $232,880.00. Following the completion of the transaction, the insider directly owned 15,722 shares in the company, valued at approximately $5,581,310. The trade was a 4.01% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 14,261 shares of company stock valued at $5,187,344. 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.