Cibc World Market Inc. Takes $26.40 Million Position in Teradyne, Inc. $TER

Cibc World Market Inc. acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 54,568 shares of the company’s stock, valued at approximately $26,402,000.

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Teradyne during the fourth quarter worth $28,000. Community Financial Services Group LLC acquired a new stake in shares of Teradyne during the 2nd quarter worth approximately $29,000. McIlrath & Eck LLC purchased a new stake in Teradyne in the first quarter valued at $30,000. Elevation Wealth Partners LLC raised its holdings in Teradyne by 1,320.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after buying an additional 66 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne in the 2nd quarter worth approximately $35,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Performance

TER stock opened at $375.74 on Monday. The company has a market cap of $58.74 billion, a P/E ratio of 51.54, a P/E/G ratio of 0.76 and a beta of 1.78. The company’s 50-day moving average price is $386.46 and its 200 day moving average price is $354.52. Teradyne, Inc. has a 52 week low of $109.56 and a 52 week 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. The firm 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 quarterly revenue was up 103.9% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. On average, equities research analysts expect that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Bank of America raised their target price on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Robert W. Baird reaffirmed a “neutral” rating and set a $420.00 price target on shares of Teradyne in a report on Friday. Morgan Stanley increased their target price on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $465.00 price target on shares of Teradyne in a research report on Tuesday, July 28th. Finally, Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $396.80.

Insider Buying and Selling at Teradyne

In other 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 transaction of $1,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at $47,810,375. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently 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.