Korea Investment CORP Takes $60.83 Million Position in Teradyne, Inc. $TER

Korea Investment CORP purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 125,732 shares of the company’s stock, valued at approximately $60,834,000. Korea Investment CORP owned approximately 0.08% of Teradyne at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Teradyne during the fourth quarter worth approximately $28,000. Community Financial Services Group LLC acquired a new position in shares of Teradyne in the 2nd quarter valued at approximately $29,000. McIlrath & Eck LLC bought a new stake in Teradyne during the first quarter worth $30,000. Elevation Wealth Partners LLC raised its stake in Teradyne by 1,320.0% during the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after acquiring an additional 66 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in Teradyne in the 2nd quarter valued at approximately $35,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related 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 value of $1,700,000.00. Following the sale, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Teradyne Stock Down 1.9%

Teradyne stock opened at $375.74 on Friday. The business has a 50-day simple moving average of $386.46 and a 200 day simple moving average of $353.78. The stock has a market cap of $58.74 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 0.77 and a beta of 1.78. Teradyne, Inc. has a 52 week low of $109.56 and a 52 week high of $487.91.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Evercore reissued an “outperform” rating and set a $420.00 target price on shares of Teradyne in a report on Thursday, July 30th. The Goldman Sachs Group reiterated a “buy” rating and issued a $465.00 price objective on shares of Teradyne in a research note on Tuesday, July 28th. Robert W. Baird restated a “neutral” rating and set a $420.00 price objective on shares of Teradyne in a report on Friday. Morgan Stanley raised their price target on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Finally, Stifel Nicolaus increased their target price on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.