Landscape Capital Management L.L.C. Invests $939,000 in Teradyne, Inc. $TER

Landscape Capital Management L.L.C. bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 1,941 shares of the company’s stock, valued at approximately $939,000.

A number of other large investors have also recently made changes to their positions in TER. BlackRock Inc. purchased a new position in Teradyne in the 2nd quarter worth about $9,404,408,000. Andar Capital Management HK Ltd bought a new stake in Teradyne during the 2nd quarter valued at about $37,800,000. Norges Bank purchased a new stake in Teradyne in the 4th quarter valued at about $398,777,000. Wellington Management Group LLP boosted its position in Teradyne by 13,949.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after buying an additional 2,022,389 shares during the period. Finally, Aspex Management HK Ltd bought a new position in Teradyne in the 4th quarter worth about $199,723,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Price Performance

Shares of Teradyne stock opened at $375.74 on Monday. The stock has a market cap of $58.74 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 0.76 and a beta of 1.78. The firm’s 50-day moving average is $386.46 and its two-hundred day moving average is $354.52. Teradyne, Inc. has a 1 year low of $109.56 and a 1 year high of $487.91.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business posted $0.57 EPS. The company’s quarterly revenue was up 103.9% compared to the same quarter last year. On average, equities analysts expect that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Citigroup raised their target price 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. Weiss Ratings upgraded Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. UBS Group increased their price objective on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a report on Thursday, April 30th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $420.00 target price on shares of Teradyne in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $396.80.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne 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 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 ownership of the stock. The sale was disclosed in a 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 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.