Leeward Financial Partners LLC Acquires New Stake in Teradyne, Inc. $TER

Leeward Financial Partners LLC acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the second quarter, Holdings Channel reports. The firm acquired 7,719 shares of the company’s stock, valued at approximately $3,735,000. Teradyne makes up about 1.0% of Leeward Financial Partners LLC’s holdings, making the stock its 27th biggest position.

Several other hedge funds have also added to or reduced their stakes in TER. Andar Capital Management HK Ltd bought a new position in shares of Teradyne during the second quarter valued at $37,800,000. State Street Corp raised its position in shares of Teradyne by 0.9% in the 4th quarter. State Street Corp now owns 7,078,635 shares of the company’s stock worth $1,370,141,000 after purchasing an additional 60,986 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Teradyne by 3.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock worth $442,413,000 after purchasing an additional 143,058 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Teradyne by 18.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock worth $813,640,000 after purchasing an additional 659,273 shares in the last quarter. Finally, Invesco Ltd. grew its position in Teradyne by 3.5% during the 3rd quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock valued at $407,322,000 after purchasing an additional 99,864 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Performance

TER opened at $418.79 on Friday. The company’s 50-day simple moving average is $384.26 and its two-hundred day simple moving average is $348.39. The stock has a market capitalization of $65.47 billion, a P/E ratio of 57.45, a P/E/G ratio of 0.85 and a beta of 1.78. Teradyne, Inc. has a 52-week low of $106.30 and a 52-week high of $487.91.

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

Insider Buying and Selling

In other Teradyne news, insider Shannon John Poulin sold 1,008 shares of Teradyne stock in a transaction that occurred on 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 owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. The trade was a 6.27% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction 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 owned 120,470 shares of the company’s stock, valued at approximately $50,962,424.10. This represents a 3.21% 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. In the last 90 days, insiders have sold 5,664 shares of company stock worth $2,273,133. 0.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TER shares. Evercore reiterated an “outperform” rating and issued a $420.00 target price on shares of Teradyne in a research note on Thursday, July 30th. Citigroup raised their price target on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley boosted their price objective on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Bank of America upped their price objective on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, Susquehanna increased their target price on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and an average target price of $396.80.

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.