Handelsbanken Fonder AB Increases Position in Teradyne, Inc. $TER

Handelsbanken Fonder AB increased its holdings in Teradyne, Inc. (NASDAQ:TER) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,990 shares of the company’s stock after acquiring an additional 3,250 shares during the period. Handelsbanken Fonder AB owned about 0.08% of Teradyne worth $61,927,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Community Financial Services Group LLC purchased a new position in Teradyne in the second quarter worth $29,000. Elevation Wealth Partners LLC increased its position in shares of Teradyne by 1,320.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after purchasing an additional 66 shares during the last quarter. Hilltop National Bank bought a new stake in shares of Teradyne during the 2nd quarter worth $41,000. McIlrath & Eck LLC bought a new stake in shares of Teradyne during the 1st quarter worth $30,000. Finally, Carolina Wealth Advisors LLC boosted its holdings in shares of Teradyne by 42.5% in the 2nd 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. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Price Performance

Shares of TER stock opened at $365.10 on Tuesday. The stock has a market capitalization of $57.08 billion, a price-to-earnings ratio of 50.08, a PEG ratio of 0.77 and a beta of 1.78. The company’s fifty day simple moving average is $383.37 and its two-hundred day simple moving average is $344.35. Teradyne, Inc. has a 1 year low of $104.58 and a 1 year high of $487.91.

Teradyne (NASDAQ:TER) last announced its quarterly 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 during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The firm’s quarterly revenue was up 103.9% compared to the same quarter last year. Equities research analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current year.

Insider Transactions at Teradyne

In other news, insider Shannon John Poulin sold 1,008 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the sale, the insider directly owned 15,066 shares in the company, valued at $5,203,344.42. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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. Also, CEO Gregory Stephen Smith sold 8,597 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the completion of the sale, the chief executive officer directly owned 124,470 shares in the company, valued at approximately $42,192,840.60. The trade was a 6.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,261 shares of company stock valued at $5,187,344 in the last ninety days. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TER. Susquehanna increased their price target on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research report on Tuesday, June 30th. Bank of America lifted their price objective on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $465.00 target price on shares of Teradyne in a research note on Tuesday, July 28th. Robert W. Baird set a $420.00 target price on shares of Teradyne in a research report on Thursday, July 30th. Finally, UBS Group raised their price target on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $396.80.

Teradyne 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.