Andar Capital Management HK Ltd Takes Position in Teradyne, Inc. (NASDAQ:TER)

Andar Capital Management HK Ltd acquired a new stake in Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 53,900 shares of the company’s stock, valued at approximately $5,849,000. Teradyne accounts for 8.3% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 4th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC acquired a new position in Teradyne during the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Teradyne during the 3rd quarter worth approximately $27,000. CVA Family Office LLC bought a new stake in Teradyne during the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC bought a new stake in Teradyne during the 3rd quarter worth approximately $36,000. Finally, NBC Securities Inc. bought a new position in shares of Teradyne in the third quarter valued at approximately $37,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Performance

TER traded down $0.29 during trading on Wednesday, reaching $116.03. The stock had a trading volume of 1,542,357 shares, compared to its average volume of 1,926,292. The stock has a market cap of $17.75 billion, a PE ratio of 43.11 and a beta of 1.56. Teradyne, Inc. has a one year low of $81.07 and a one year high of $119.20. The business has a 50-day moving average of $106.26 and a 200-day moving average of $100.83.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The business had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. Equities research analysts forecast that Teradyne, Inc. will post 2.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TER. The Goldman Sachs Group increased their price objective on Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Evercore ISI started coverage on Teradyne in a report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price objective for the company. JPMorgan Chase & Co. increased their target price on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 target price on shares of Teradyne in a research report on Thursday, April 25th. Finally, Susquehanna increased their target price on Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $117.83.

Insider Buying and Selling

In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average cost of $94.07 per share, with a total value of $94,070.00. Following the completion of the purchase, the director now directly owns 4,728 shares of the company’s stock, valued at $444,762.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by insiders.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.