Connecticut Wealth Management LLC Takes $1.74 Million Position in Teradyne, Inc. (NASDAQ:TER)

Connecticut Wealth Management LLC acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,007 shares of the company’s stock, valued at approximately $1,737,000.

Several other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC bought a new stake in Teradyne in the third quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Teradyne in the 3rd quarter worth approximately $27,000. CVA Family Office LLC bought a new stake in shares of Teradyne in the 4th quarter worth approximately $33,000. Cambridge Trust Co. acquired a new stake in Teradyne during the fourth quarter valued at approximately $38,000. Finally, Venturi Wealth Management LLC bought a new stake in Teradyne during the third quarter worth approximately $36,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Trading Up 2.6 %

TER stock traded up $3.05 during midday trading on Friday, reaching $120.44. The company had a trading volume of 2,694,180 shares, compared to its average volume of 2,462,491. The company has a 50 day moving average of $107.25 and a two-hundred day moving average of $101.19. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $121.86. The company has a market capitalization of $18.42 billion, a P/E ratio of 45.79 and a beta of 1.50.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (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 firm had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter last year, the firm earned $0.55 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Teradyne, Inc. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. 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 research report on Friday, April 26th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a research report on Thursday, April 25th. Robert W. Baird boosted their price objective on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Susquehanna upped their price objective on shares of Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Teradyne has a consensus rating of “Hold” and a consensus price target of $117.83.

Teradyne Profile

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.