Silvant Capital Management LLC Acquires Shares of 118,047 Teradyne, Inc. $TER

Silvant Capital Management LLC bought a new position in Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 118,047 shares of the company’s stock, valued at approximately $57,116,000. Teradyne makes up about 1.7% of Silvant Capital Management LLC’s holdings, making the stock its 14th biggest holding.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Teradyne in the second quarter valued at about $9,404,408,000. Andar Capital Management HK Ltd bought a new stake in shares of Teradyne during the 2nd quarter worth $37,800,000. Norges Bank acquired a new stake in shares of Teradyne in the fourth quarter valued at about $398,777,000. Wellington Management Group LLP grew its holdings in Teradyne by 13,949.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after buying an additional 2,022,389 shares during the last quarter. Finally, Aspex Management HK Ltd bought a new position in Teradyne during the fourth quarter worth $199,723,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

TER has been the subject of a number of research analyst reports. Citigroup upped their price objective 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. Weiss Ratings raised Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Robert W. Baird set a $420.00 price target on shares of Teradyne in a report on Thursday, July 30th. Susquehanna upped their price objective on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $550.00 target price on shares of Teradyne in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $396.80.

Teradyne Price Performance

TER opened at $383.15 on Friday. Teradyne, Inc. has a one year low of $107.82 and a one year high of $487.91. The company’s 50 day simple moving average is $387.01 and its 200-day simple moving average is $353.63. The stock has a market capitalization of $59.90 billion, a P/E ratio of 52.56, a price-to-earnings-growth ratio of 0.77 and a beta of 1.78.

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

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.