Teradyne, Inc. $TER Shares Acquired by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd increased its position in Teradyne, Inc. (NASDAQ:TER) by 14.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,523 shares of the company’s stock after buying an additional 5,121 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Teradyne were worth $19,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Teradyne during the fourth quarter valued at about $398,777,000. Wellington Management Group LLP raised its holdings in shares of Teradyne by 13,949.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock worth $280,357,000 after purchasing an additional 2,022,389 shares during the period. Aspex Management HK Ltd purchased a new position in shares of Teradyne in the 4th quarter worth about $199,723,000. Corient Private Wealth LLC lifted its stake in shares of Teradyne by 2,189.2% in the 4th quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock valued at $208,254,000 after purchasing an additional 1,028,916 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in shares of Teradyne by 65.4% during the 2nd 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 during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

TER stock opened at $418.79 on Friday. The firm has a market cap of $65.47 billion, a P/E ratio of 57.45, a price-to-earnings-growth ratio of 0.83 and a beta of 1.78. Teradyne, Inc. has a 1 year low of $106.30 and a 1 year high of $487.91. The stock has a 50-day simple moving average of $384.26 and a 200-day simple moving average of $348.39.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the transaction, the chief executive officer directly owned 120,470 shares of the company’s stock, valued at approximately $50,962,424.10. The trade was a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following 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 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 5,664 shares of company stock worth $2,273,133 in the last quarter. Insiders own 0.19% of the company’s stock.

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.