Compass Financial Management LLC Acquires New Position in Teradyne, Inc. $TER

Compass Financial Management LLC bought a new position in Teradyne, Inc. (NASDAQ:TER) during the second quarter, Holdings Channel.com reports. The fund bought 1,537 shares of the company’s stock, valued at approximately $744,000.

Other institutional investors have also modified their holdings of the company. Carolina Wealth Advisors LLC boosted its holdings in shares of Teradyne by 42.5% in the second quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock valued at $55,000 after purchasing an additional 34 shares during the period. Vestor Capital LLC grew its position in shares of Teradyne by 15.4% during the 1st quarter. Vestor Capital LLC now owns 285 shares of the company’s stock worth $85,000 after buying an additional 38 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its position in shares of Teradyne by 5.8% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock worth $352,000 after buying an additional 40 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Teradyne by 1.8% during the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock valued at $444,000 after buying an additional 40 shares during the period. Finally, Stephens Inc. AR increased its stake in shares of Teradyne by 1.2% during the fourth quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock valued at $645,000 after buying an additional 41 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the completion of the transaction, the chief executive officer owned 112,495 shares in the company, valued at $47,810,375. The trade was a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by insiders.

Teradyne Price Performance

Shares of TER stock opened at $375.74 on Monday. The stock’s 50-day moving average is $386.46 and its 200 day moving average is $354.52. Teradyne, Inc. has a 1-year low of $109.56 and a 1-year high of $487.91. The company has a market cap of $58.74 billion, a P/E ratio of 51.54, a PEG ratio of 0.76 and a beta of 1.78.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. The business 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. On average, analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current year.

Wall Street Analyst Weigh In

TER has been the subject of several recent research reports. Bank of America lifted their price objective on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Evercore reissued an “outperform” rating and set a $420.00 target price on shares of Teradyne in a research report on Thursday, July 30th. Robert W. Baird restated a “neutral” rating and issued a $420.00 price target on shares of Teradyne in a report on Friday. Susquehanna upped their price target on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Finally, Morgan Stanley increased their price objective on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $396.80.

About Teradyne

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.