Swiss Life Asset Management Ltd Grows Stock Position in Teradyne, Inc. $TER

Swiss Life Asset Management Ltd boosted its holdings in Teradyne, Inc. (NASDAQ:TER) by 14.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,523 shares of the company’s stock after acquiring an additional 5,121 shares during the period. Swiss Life Asset Management Ltd’s holdings in Teradyne were worth $19,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TER. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Teradyne in the fourth quarter valued at about $28,000. Community Financial Services Group LLC purchased a new position in shares of Teradyne during the 2nd quarter worth approximately $29,000. McIlrath & Eck LLC purchased a new position in shares of Teradyne during the 1st quarter worth approximately $30,000. Elevation Wealth Partners LLC raised 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 worth $34,000 after purchasing an additional 66 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne during the 2nd quarter worth approximately $35,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Up 2.0%

Shares of Teradyne stock opened at $418.79 on Friday. Teradyne, Inc. has a fifty-two week low of $106.30 and a fifty-two week high of $487.91. The business’s fifty day moving average is $384.26 and its two-hundred day moving average is $348.39. The firm has a market cap of $65.47 billion, a PE ratio of 57.45, a P/E/G ratio of 0.83 and a beta of 1.78.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The business’s revenue for the quarter was up 103.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. Equities research analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on TER shares. Evercore reiterated an “outperform” rating and set a $420.00 target price on shares of Teradyne in a report on Thursday, July 30th. Morgan Stanley boosted their price target on Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Bank of America upped their price objective on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $465.00 price objective on shares of Teradyne in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average target price of $396.80.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the completion of the transaction, the chief executive officer owned 120,470 shares of the company’s stock, valued at $50,962,424.10. This represents a 3.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the transaction, the insider owned 15,722 shares in the company, valued at approximately $5,581,310. The trade was a 4.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last three months, insiders sold 5,664 shares of company stock worth $2,273,133. 0.19% of the stock is owned by corporate insiders.

Teradyne Company 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.