Westpac Banking Corp Buys Shares of 3,105 Teradyne, Inc. $TER

Westpac Banking Corp purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,105 shares of the company’s stock, valued at approximately $1,502,000.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Teradyne in the 2nd quarter worth approximately $9,404,408,000. Andar Capital Management HK Ltd bought a new position in shares of Teradyne during the 2nd quarter valued at $37,800,000. Norges Bank purchased a new position in shares of Teradyne in the 4th quarter worth $398,777,000. Wellington Management Group LLP boosted its stake 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 buying an additional 2,022,389 shares during the last quarter. Finally, Aspex Management HK Ltd purchased a new position in shares of Teradyne in the 4th quarter worth $199,723,000. 99.77% of the stock is currently owned by institutional investors.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the transaction, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at $47,810,375. The trade was a 3.43% decrease in their position. The transaction was disclosed in a 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. 0.19% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup upped their price objective on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Evercore reissued an “outperform” rating and issued a $420.00 target price on shares of Teradyne in a research report on Thursday, July 30th. UBS Group boosted their price target on Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Morgan Stanley upped their price target on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Finally, Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

Teradyne Price Performance

NASDAQ:TER opened at $375.74 on Friday. Teradyne, Inc. has a one year low of $109.56 and a one year high of $487.91. The business has a fifty day moving average price of $386.46 and a 200-day moving average price of $353.78. The firm has a market capitalization of $58.74 billion, a price-to-earnings ratio of 51.54, a price-to-earnings-growth ratio of 0.76 and a beta of 1.78.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating 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 company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $0.57 earnings per share. Teradyne’s quarterly revenue was up 103.9% compared to the same quarter last year. On average, equities research analysts expect that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

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.