Czech National Bank boosted its holdings in Teradyne, Inc. (NASDAQ:TER – Free Report) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,558 shares of the company’s stock after buying an additional 1,906 shares during the quarter. Czech National Bank’s holdings in Teradyne were worth $21,559,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Gouws Capital LLC grew its position in shares of Teradyne by 96.0% in the 4th quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock valued at $2,966,000 after buying an additional 7,505 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in Teradyne by 56.0% in the fourth quarter. Wealthfront Advisers LLC now owns 29,336 shares of the company’s stock valued at $5,678,000 after acquiring an additional 10,526 shares during the last quarter. Merit Financial Group LLC boosted its holdings in Teradyne by 81.3% in the fourth quarter. Merit Financial Group LLC now owns 6,659 shares of the company’s stock valued at $1,289,000 after acquiring an additional 2,986 shares during the last quarter. Lecap Asset Management Ltd. boosted its holdings in Teradyne by 88.5% in the fourth quarter. Lecap Asset Management Ltd. now owns 8,392 shares of the company’s stock valued at $1,624,000 after acquiring an additional 3,941 shares during the last quarter. Finally, Brendel Financial Advisors LLC acquired a new stake in Teradyne during the 4th quarter valued at approximately $2,614,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.
Teradyne Stock Down 1.4%
NASDAQ:TER opened at $379.31 on Friday. The company has a fifty day moving average of $383.46 and a 200-day moving average of $342.55. The firm has a market capitalization of $59.30 billion, a P/E ratio of 52.03, a P/E/G ratio of 0.78 and a beta of 1.78. Teradyne, Inc. has a twelve month low of $104.58 and a twelve month high of $487.91.
Insider Activity
In other news, CEO Gregory Stephen Smith sold 8,597 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the transaction, the chief executive officer owned 124,470 shares in the company, valued at approximately $42,192,840.60. This represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 1,008 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $345.37, for a total value of $348,132.96. Following the completion of the sale, the insider directly owned 15,066 shares of the company’s stock, valued at $5,203,344.42. The trade was a 6.27% decrease in their ownership of the stock. 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. Insiders have sold 14,261 shares of company stock worth $5,187,344 in the last quarter. Company insiders own 0.19% of the company’s stock.
Analyst Upgrades and Downgrades
TER has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price for the company in a research note on Thursday, April 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $550.00 target price on shares of Teradyne in a report on Wednesday, July 29th. Morgan Stanley boosted their target price on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Finally, Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. One 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $396.80.
Read Our Latest Stock Analysis on TER
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.
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