Wealthstar Advisors LLC Invests $2.11 Million in Teradyne, Inc. $TER

Wealthstar Advisors LLC purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 4,353 shares of the company’s stock, valued at approximately $2,106,000. Teradyne accounts for approximately 0.6% of Wealthstar Advisors LLC’s investment portfolio, making the stock its 18th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Community Financial Services Group LLC purchased a new stake in Teradyne in the 2nd quarter valued at approximately $29,000. Elevation Wealth Partners LLC raised its stake in shares of Teradyne by 1,320.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after buying an additional 66 shares in the last quarter. Mcdonald Partners LLC purchased a new position in shares of Teradyne during the 2nd quarter worth approximately $36,000. Hilltop National Bank purchased a new position in shares of Teradyne during the 2nd quarter worth approximately $41,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Teradyne in the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of TER opened at $418.79 on Friday. The stock has a fifty day moving average of $384.26 and a two-hundred day moving average of $348.39. The company has a market capitalization of $65.47 billion, a PE ratio of 57.45, a price-to-earnings-growth ratio of 0.83 and a beta of 1.78. Teradyne, Inc. has a fifty-two week low of $106.30 and a fifty-two week high of $487.91.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.22 billion. During the same quarter last year, the firm earned $0.57 earnings per share. The business’s revenue was up 103.9% on a year-over-year basis. As a group, equities research analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction dated 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 directly owned 120,470 shares in the company, valued at approximately $50,962,424.10. This represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the completion of the sale, the insider directly owned 15,066 shares in the company, valued at approximately $5,203,344.42. The trade was a 6.27% 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. Insiders sold 5,664 shares of company stock valued at $2,273,133 over the last quarter. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Weiss Ratings upgraded Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Evercore reiterated an “outperform” rating and issued a $420.00 price target on shares of Teradyne in a research report on Thursday, July 30th. Susquehanna raised their price objective on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective for the company in a research report on Thursday, April 30th. Finally, Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One equities research 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 stock. Based on data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $396.80.

About Teradyne

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.