Focused Alpha LLC Purchases New Position in Teradyne, Inc. $TER

Focused Alpha LLC bought a new position in Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 1,779 shares of the company’s stock, valued at approximately $861,000.

A number of other large investors have also recently made changes to their positions in TER. Carolina Wealth Advisors LLC grew its stake in shares of Teradyne by 42.5% during the second quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock valued at $55,000 after buying an additional 34 shares during the last quarter. Vestor Capital LLC increased its stake in shares of Teradyne by 15.4% during the first quarter. Vestor Capital LLC now owns 285 shares of the company’s stock valued at $85,000 after buying an additional 38 shares during the period. Ashton Thomas Private Wealth LLC raised its holdings in shares of Teradyne by 5.8% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock valued at $352,000 after purchasing an additional 40 shares in the last quarter. UMB Bank n.a. lifted its holdings in Teradyne by 1.8% during the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock worth $444,000 after buying an additional 40 shares during the period. Finally, Stephens Inc. AR lifted its stake in shares of Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after purchasing an additional 41 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Trading Up 5.8%

Shares of TER stock opened at $443.14 on Tuesday. The company’s 50-day moving average price is $385.63 and its 200-day moving average price is $350.65. Teradyne, Inc. has a twelve month low of $106.30 and a twelve month high of $487.91. The stock has a market cap of $69.28 billion, a price-to-earnings ratio of 60.79, a PEG ratio of 0.85 and a beta of 1.78.

Teradyne (NASDAQ:TER) last announced its quarterly 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. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business’s revenue was up 103.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 EPS. As a group, equities research analysts predict that Teradyne, Inc. will post 9.1 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on TER. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a report on Thursday, April 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $550.00 target price on shares of Teradyne in a report on Wednesday, July 29th. Susquehanna lifted their price objective on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $465.00 target price on shares of Teradyne in a research note on Tuesday, July 28th. Finally, Morgan Stanley raised their price target on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. One investment 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $396.80.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 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 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. Over the last quarter, insiders have sold 5,664 shares of company stock valued at $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.