Silvant Capital Management LLC Invests $57.12 Million in Teradyne, Inc. $TER

Silvant Capital Management LLC acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 118,047 shares of the company’s stock, valued at approximately $57,116,000. Teradyne accounts for 1.7% of Silvant Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Silvant Capital Management LLC owned 0.08% of Teradyne as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Community Financial Services Group LLC purchased a new position in shares of Teradyne during the 2nd quarter worth about $29,000. Elevation Wealth Partners LLC lifted its holdings in shares of Teradyne by 1,320.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after acquiring an additional 66 shares in the last quarter. Mcdonald Partners LLC purchased a new stake in shares of Teradyne in the second quarter worth about $36,000. Hilltop National Bank purchased a new position in Teradyne in the 2nd quarter worth approximately $41,000. Finally, McIlrath & Eck LLC acquired a new stake in Teradyne during the 1st quarter valued at $30,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TER shares. Susquehanna increased their price target on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. Citigroup upped their price objective on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. The Goldman Sachs Group restated a “buy” rating and issued a $465.00 price target on shares of Teradyne in a research report on Tuesday, July 28th. UBS Group boosted their price objective on Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price for the company in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’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 value of $1,700,000.00. Following the completion of the transaction, the chief executive officer owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

Teradyne Trading Up 0.9%

NASDAQ:TER opened at $383.15 on Friday. The firm has a market cap of $59.90 billion, a price-to-earnings ratio of 52.56, a price-to-earnings-growth ratio of 0.77 and a beta of 1.78. Teradyne, Inc. has a twelve month low of $107.82 and a twelve month high of $487.91. The company has a 50-day moving average of $387.01 and a 200-day moving average of $353.63.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating 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%.The company’s quarterly revenue was up 103.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 EPS. On average, research analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current year.

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.