iA Global Asset Management Inc. Makes New $10.49 Million Investment in Teradyne, Inc. $TER

iA Global Asset Management Inc. acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,683 shares of the company’s stock, valued at approximately $10,491,000.

Several other institutional investors and hedge funds have also modified their holdings of TER. Community Financial Services Group LLC purchased a new stake in shares of Teradyne in the second quarter worth about $29,000. Elevation Wealth Partners LLC raised its position in Teradyne by 1,320.0% during the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after acquiring an additional 66 shares in the last quarter. Mcdonald Partners LLC acquired a new position in Teradyne in the second quarter valued at approximately $36,000. Hilltop National Bank acquired a new position in Teradyne in the second quarter valued at approximately $41,000. Finally, McIlrath & Eck LLC purchased a new stake in Teradyne in the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of TER stock opened at $418.79 on Friday. Teradyne, Inc. has a 1-year low of $106.30 and a 1-year high of $487.91. The company has a market cap of $65.47 billion, a price-to-earnings ratio of 57.45, a PEG ratio of 0.83 and a beta of 1.78. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm’s revenue for the quarter was up 103.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 EPS. Analysts anticipate that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Evercore reissued an “outperform” rating and set a $420.00 price target on shares of Teradyne in a report on Thursday, July 30th. Weiss Ratings upgraded shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Stifel Nicolaus upped their price objective on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Robert W. Baird set a $420.00 target price on shares of Teradyne in a research note on Thursday, July 30th. One 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $396.80.

Insider Activity

In related news, insider Shannon John Poulin sold 656 shares of Teradyne stock in a transaction dated 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 directly owned 15,722 shares in the company, valued at approximately $5,581,310. The trade was a 4.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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. Also, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $50,962,424.10. This trade represents a 3.21% 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. In the last quarter, insiders sold 5,664 shares of company stock worth $2,273,133. Company 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.