Focus Partners Advisor Solutions LLC Makes New $3.74 Million Investment in Teradyne, Inc. $TER

Focus Partners Advisor Solutions LLC acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,736 shares of the company’s stock, valued at approximately $3,743,000.

A number of other institutional investors have also recently made changes to their positions in TER. Andar Capital Management HK Ltd bought a new stake in Teradyne in the 2nd quarter worth approximately $37,800,000. State Street Corp boosted its position in shares of Teradyne by 0.9% during the 4th quarter. State Street Corp now owns 7,078,635 shares of the company’s stock valued at $1,370,141,000 after acquiring an additional 60,986 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Teradyne by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock valued at $442,413,000 after acquiring an additional 143,058 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Teradyne by 18.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock valued at $813,640,000 after purchasing an additional 659,273 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Teradyne by 3.5% in the third quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock valued at $407,322,000 after purchasing an additional 99,864 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

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 sale, the chief executive officer owned 120,470 shares of the company’s stock, valued at approximately $50,962,424.10. This represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 firm’s 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 completion of the sale, the insider owned 15,722 shares of the company’s stock, valued at $5,581,310. This trade represents a 4.01% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 5,664 shares of company stock worth $2,273,133. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TER. Citigroup boosted their price target on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. 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. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Weiss Ratings upgraded shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Finally, Bank of America upped their target price on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne Stock Performance

NASDAQ TER opened at $418.79 on Friday. The business’s 50 day moving average price is $384.26 and its 200-day moving average price is $348.39. Teradyne, Inc. has a fifty-two week low of $106.30 and a fifty-two week high of $487.91. The company has a market cap of $65.47 billion, a P/E ratio of 57.45, a P/E/G ratio of 0.85 and a beta of 1.78.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results 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 return on equity of 39.93% and a net margin of 25.77%.Teradyne’s revenue was up 103.9% on a year-over-year basis. During the same period last year, the company earned $0.57 earnings per share. As a group, equities analysts predict that Teradyne, Inc. will post 9.1 EPS for the current year.

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.