iA Global Asset Management Inc. Takes $10.49 Million Position in Teradyne, Inc. $TER

iA Global Asset Management Inc. bought a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,683 shares of the company’s stock, valued at approximately $10,491,000.

Several other institutional investors also recently bought and sold shares of the company. Swiss Life Asset Management Ltd grew its holdings in Teradyne by 14.9% in the second quarter. Swiss Life Asset Management Ltd now owns 39,523 shares of the company’s stock worth $19,123,000 after purchasing an additional 5,121 shares during the last quarter. Banco Santander S.A. acquired a new stake in shares of Teradyne in the 2nd quarter worth $3,712,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Teradyne in the 2nd quarter worth $985,000. Oregon Public Employees Retirement Fund grew its stake in Teradyne by 7.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 19,309 shares of the company’s stock worth $9,342,000 after buying an additional 1,358 shares during the last quarter. Finally, Kovack Advisors Inc. purchased a new position in Teradyne during the 2nd quarter worth $537,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Price Performance

Shares of TER stock opened at $418.79 on Friday. The firm has a market capitalization of $65.47 billion, a price-to-earnings ratio of 57.45, a price-to-earnings-growth ratio of 0.83 and a beta of 1.78. The business has a fifty day moving average of $384.26 and a 200 day moving average of $348.39. Teradyne, Inc. has a 1 year low of $106.30 and a 1 year high of $487.91.

Teradyne (NASDAQ:TER) last posted 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. The business had revenue of $1.33 billion for 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 company’s quarterly revenue was up 103.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 EPS. As a group, equities research analysts expect that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Insider Transactions at Teradyne

In related news, insider Shannon John Poulin sold 656 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total value of $232,880.00. Following the sale, the insider owned 15,722 shares in the company, valued at $5,581,310. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 4,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was 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 in the company, valued at approximately $50,962,424.10. This trade represents a 3.21% decrease in their position. 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 5,664 shares of company stock valued at $2,273,133 in the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TER. Weiss Ratings upgraded Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target on the stock in a research note on Thursday, April 30th. Citigroup upped their price objective on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Robert W. Baird set a $420.00 price objective on shares of Teradyne in a research report on Thursday, July 30th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $550.00 target price on shares of Teradyne in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.