Sumitomo Mitsui Trust Group Inc. Has $540.50 Million Holdings in Teradyne, Inc. $TER

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of Teradyne, Inc. (NASDAQ:TER) by 34.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,117,097 shares of the company’s stock after selling 586,618 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Teradyne were worth $540,496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Community Financial Services Group LLC bought a new position in shares of Teradyne during the second quarter worth approximately $29,000. Elevation Wealth Partners LLC grew 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 in the last quarter. Mcdonald Partners LLC acquired a new position in Teradyne in the 2nd quarter valued at $36,000. Hilltop National Bank bought a new position in Teradyne during the 2nd quarter worth $41,000. Finally, McIlrath & Eck LLC bought a new position in Teradyne during the 1st quarter worth $30,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

TER opened at $418.79 on Friday. The firm has a market cap of $65.47 billion, a P/E ratio of 57.45, a price-to-earnings-growth ratio of 0.83 and a beta of 1.78. Teradyne, Inc. has a 52-week low of $106.30 and a 52-week high of $487.91. The business’s fifty day moving average is $384.26 and its 200-day moving average is $348.39.

Teradyne (NASDAQ:TER) last issued 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. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.Teradyne’s revenue was up 103.9% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. On average, research analysts predict that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the completion of the transaction, the chief executive officer directly owned 120,470 shares in the company, valued at approximately $50,962,424.10. The trade was a 3.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the sale, the insider owned 15,722 shares in the company, valued at $5,581,310. This represents a 4.01% decrease in their position. 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 5,664 shares of company stock worth $2,273,133 over the last quarter. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TER. Stifel Nicolaus boosted their target price on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Morgan Stanley raised their price target on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Susquehanna lifted their price objective on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group reissued a “buy” rating and issued a $465.00 price objective on shares of Teradyne in a report on Tuesday, July 28th. Finally, Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. One equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.