Korea Investment CORP Acquires Shares of 125,732 Teradyne, Inc. $TER

Korea Investment CORP purchased a new position in Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, Holdings Channel reports. The firm purchased 125,732 shares of the company’s stock, valued at approximately $60,834,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TER. Carolina Wealth Advisors LLC boosted its holdings in shares of Teradyne by 42.5% in the second quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock worth $55,000 after buying an additional 34 shares during the last quarter. Vestor Capital LLC lifted its position in shares of Teradyne by 15.4% in the first quarter. Vestor Capital LLC now owns 285 shares of the company’s stock valued at $85,000 after acquiring an additional 38 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in Teradyne by 5.8% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock valued at $352,000 after buying an additional 40 shares in the last quarter. UMB Bank n.a. grew its stake in Teradyne by 1.8% during the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock valued at $444,000 after acquiring an additional 40 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of Teradyne by 1.2% in the fourth 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. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s 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 sale, the chief executive officer owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TER shares. Weiss Ratings raised Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Evercore reiterated an “outperform” rating and set a $420.00 target price on shares of Teradyne in a report on Thursday, July 30th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Stifel Nicolaus lifted their price target on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, UBS Group boosted their target price on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $396.80.

Teradyne Price Performance

Shares of Teradyne stock opened at $375.74 on Friday. Teradyne, Inc. has a 1-year low of $109.56 and a 1-year high of $487.91. The stock’s 50 day simple moving average is $386.46 and its 200-day simple moving average is $353.78. The stock has a market cap of $58.74 billion, a P/E ratio of 51.54, a P/E/G ratio of 0.77 and a beta of 1.78.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business 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 firm earned $0.57 EPS. The business’s revenue was up 103.9% on a year-over-year basis. As a group, research analysts expect that Teradyne, Inc. will post 9.1 EPS 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.