8,150 Shares in Teradyne, Inc. $TER Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 8,150 shares of the company’s stock, valued at approximately $3,939,000.

Several other institutional investors and hedge funds have also bought and sold shares of TER. Carolina Wealth Advisors LLC lifted its position in Teradyne by 42.5% in the second quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock valued at $55,000 after purchasing an additional 34 shares during the last quarter. Vestor Capital LLC grew its holdings in shares of Teradyne by 15.4% in the first quarter. Vestor Capital LLC now owns 285 shares of the company’s stock worth $85,000 after purchasing an additional 38 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in shares of Teradyne by 5.8% in the second quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock worth $352,000 after buying an additional 40 shares during the period. UMB Bank n.a. increased its stake in shares of Teradyne by 1.8% in the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock worth $444,000 after buying an additional 40 shares during the period. Finally, Stephens Inc. AR raised its holdings in Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock valued at $645,000 after buying an additional 41 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Robert W. Baird set a $420.00 price target on shares of Teradyne in a research report on Thursday, July 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $550.00 price objective on shares of Teradyne in a research report on Wednesday, July 29th. Stifel Nicolaus upped their price objective on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Susquehanna raised their target price on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings raised Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Stock Up 0.9%

NASDAQ TER opened at $383.15 on Friday. The firm has a market capitalization of $59.90 billion, a PE ratio of 52.56, a P/E/G ratio of 0.77 and a beta of 1.78. The stock’s 50 day moving average is $387.01 and its 200 day moving average is $353.63. Teradyne, Inc. has a twelve month low of $107.82 and a twelve month high of $487.91.

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

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the sale, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at $47,810,375. This represents a 3.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is 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.