SWS Partners Makes New Investment in Teradyne, Inc. $TER

SWS Partners purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,915 shares of the company’s stock, valued at approximately $6,249,000. Teradyne comprises approximately 1.3% of SWS Partners’ portfolio, making the stock its 19th biggest holding.

A number of other hedge funds have also recently modified their holdings of TER. Summit Global Investments bought a new stake in Teradyne during the second quarter valued at about $515,000. Oppenheimer Asset Management Inc. bought a new position in shares of Teradyne in the second quarter worth about $1,498,000. Belpointe Asset Management LLC lifted its position in shares of Teradyne by 10.2% during the 2nd quarter. Belpointe Asset Management LLC now owns 2,598 shares of the company’s stock valued at $1,257,000 after buying an additional 240 shares in the last quarter. Soltis Investment Advisors LLC grew its stake in shares of Teradyne by 47.2% during the 2nd quarter. Soltis Investment Advisors LLC now owns 1,323 shares of the company’s stock valued at $640,000 after acquiring an additional 424 shares during the period. Finally, Mirabella Financial Services LLP grew its stake in shares of Teradyne by 12.0% during the 2nd quarter. Mirabella Financial Services LLP now owns 930 shares of the company’s stock valued at $450,000 after acquiring an additional 100 shares during the period. Institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 2.0%

NASDAQ TER opened at $418.79 on Friday. Teradyne, Inc. has a 12 month low of $106.30 and a 12 month high of $487.91. The stock has a market cap of $65.47 billion, a PE ratio of 57.45, a P/E/G ratio of 0.85 and a beta of 1.78. The stock’s 50 day moving average is $384.26 and its 200 day moving average is $348.39.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share (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 analyst estimates of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The company’s revenue was up 103.9% on a year-over-year basis. During the same period last year, the firm posted $0.57 EPS. On average, analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TER. Bank of America raised their target price on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Citigroup upped 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. UBS Group increased their price objective on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price on the stock in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $396.80.

Insiders Place Their Bets

In related news, insider Shannon John Poulin sold 1,008 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the transaction, the insider directly owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 Teradyne stock in a transaction on 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 sale, the chief executive officer owned 120,470 shares in the company, valued at approximately $50,962,424.10. This represents a 3.21% 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. In the last 90 days, insiders have sold 5,664 shares of company stock valued at $2,273,133. 0.19% of the stock is owned by company 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.