Crown Advisors Management Inc. Takes Position in Teradyne, Inc. $TER

Crown Advisors Management Inc. purchased a new position in Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,000 shares of the company’s stock, valued at approximately $4,838,000. Teradyne comprises approximately 2.7% of Crown Advisors Management Inc.’s investment portfolio, making the stock its 11th largest position.

A number of other institutional investors have also made changes to their positions in TER. OneDigital Investment Advisors LLC bought a new stake in Teradyne in the second quarter valued at about $535,000. Andar Capital Management HK Ltd acquired a new position in Teradyne in the second quarter valued at about $18,289,000. Plato Investment Management Ltd bought a new position in Teradyne during the second quarter worth about $2,904,000. Bell Investment Advisors Inc bought a new position in Teradyne during the second quarter worth about $64,000. Finally, AMG National Trust Bank bought a new position in Teradyne during the second quarter worth about $242,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer directly 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 sale was disclosed in a filing with the SEC, which is accessible 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 Teradyne stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total transaction of $232,880.00. Following the completion of the transaction, the insider directly owned 15,722 shares in the company, valued at approximately $5,581,310. The trade was a 4.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Over the last three months, 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 Price Performance

Shares of Teradyne stock opened at $418.79 on Monday. The company has a market capitalization of $65.47 billion, a P/E ratio of 57.45, a price-to-earnings-growth ratio of 0.85 and a beta of 1.78. The business has a 50-day moving average of $384.26 and a two-hundred day moving average of $349.21. Teradyne, Inc. has a 1 year low of $106.30 and a 1 year high of $487.91.

Teradyne (NASDAQ:TER) last released its quarterly earnings data 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. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the business posted $0.57 EPS. Teradyne’s revenue for the quarter was up 103.9% on a year-over-year basis. On average, equities analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TER shares. Morgan Stanley upped their price target on Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. UBS Group lifted 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. Robert W. Baird set a $420.00 price objective on shares of Teradyne in a research note on Thursday, July 30th. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 price objective on shares of Teradyne in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $465.00 target price on shares of Teradyne in a research note on Tuesday, July 28th. 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne 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.