Focused Alpha LLC Buys New Shares in Teradyne, Inc. $TER

Focused Alpha LLC acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,779 shares of the company’s stock, valued at approximately $861,000.

A number of other institutional investors have also added to or reduced their stakes in TER. BlackRock Inc. purchased a new position in shares of Teradyne in the 2nd quarter worth about $9,404,408,000. Pallas Capital Advisors LLC purchased a new position in Teradyne in the 2nd quarter valued at approximately $3,145,000. Deutsche Bank AG bought a new stake in shares of Teradyne during the 2nd quarter valued at $206,913,000. Perigon Wealth Management LLC bought a new position in shares of Teradyne in the second quarter valued at approximately $1,365,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in shares of Teradyne during the 2nd quarter valued at $322,000. 99.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the completion of the sale, the chief executive officer directly owned 120,470 shares of the company’s stock, valued at $50,962,424.10. This represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the completion of the sale, the insider owned 15,066 shares of the company’s stock, valued at $5,203,344.42. The trade was a 6.27% decrease in their position. 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 quarter, insiders sold 5,664 shares of company stock valued at $2,273,133. Company insiders own 0.19% of the company’s stock.

Teradyne Stock Up 5.8%

NASDAQ TER opened at $443.14 on Tuesday. Teradyne, Inc. has a 52 week low of $106.30 and a 52 week high of $487.91. The firm has a market capitalization of $69.28 billion, a P/E ratio of 60.79, a PEG ratio of 0.85 and a beta of 1.78. The company has a 50-day moving average price of $385.63 and a 200-day moving average price of $350.65.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.22 billion. During the same quarter last year, the company posted $0.57 EPS. The company’s revenue was up 103.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current year.

Analyst Ratings Changes

TER has been the subject of a number of research reports. Weiss Ratings raised shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Evercore reissued an “outperform” rating and issued a $420.00 price target on shares of Teradyne in a research note on Thursday, July 30th. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 target price on shares of Teradyne in a report on Wednesday, July 29th. Susquehanna boosted their price target on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Finally, Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $396.80.

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.