Pallas Capital Advisors LLC Invests $3.15 Million in Teradyne, Inc. $TER

Pallas Capital Advisors LLC bought a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,500 shares of the company’s stock, valued at approximately $3,145,000.

A number of other large investors have also recently added to or reduced their stakes in TER. Carolina Wealth Advisors LLC grew its position in Teradyne by 42.5% in the second quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock worth $55,000 after buying an additional 34 shares during the last quarter. Vestor Capital LLC lifted its position in shares of Teradyne by 15.4% during the 1st quarter. Vestor Capital LLC now owns 285 shares of the company’s stock valued at $85,000 after acquiring an additional 38 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its position in shares of Teradyne by 5.8% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock valued at $352,000 after acquiring an additional 40 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Teradyne by 1.8% during the 4th quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock worth $444,000 after acquiring an additional 40 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after acquiring an additional 41 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Performance

NASDAQ TER opened at $443.14 on Tuesday. Teradyne, Inc. has a twelve month low of $106.30 and a twelve month high of $487.91. The stock has a market cap of $69.28 billion, a price-to-earnings ratio of 60.79, a PEG ratio of 0.85 and a beta of 1.78. The firm’s 50 day moving average price is $385.63 and its two-hundred day moving average price is $350.65.

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

Wall Street Analysts Forecast Growth

TER has been the topic of a number of recent analyst reports. UBS Group boosted their target price on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Stifel Nicolaus lifted their price target on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Morgan Stanley boosted their price objective on Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $550.00 price objective on shares of Teradyne in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $396.80.

Insiders Place Their Bets

In related news, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction dated Thursday, May 21st. The stock was 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 approximately $5,203,344.42. This represents a 6.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $423.03, for a total value of $1,692,120.00. Following the sale, the chief executive officer owned 120,470 shares of the company’s stock, valued at $50,962,424.10. The trade was 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. Insiders have sold 5,664 shares of company stock worth $2,273,133 in the last quarter. 0.19% of the stock is currently owned by corporate 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.