Ieq Capital LLC Invests $62.10 Million in Teradyne, Inc. $TER

Ieq Capital LLC acquired a new position in Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 128,353 shares of the company’s stock, valued at approximately $62,103,000. Ieq Capital LLC owned approximately 0.08% of Teradyne as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Leeward Financial Partners LLC purchased a new stake in shares of Teradyne in the second quarter valued at $3,735,000. Gouws Capital LLC increased its position in Teradyne by 96.0% during the 4th quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock worth $2,966,000 after purchasing an additional 7,505 shares in the last quarter. Merit Financial Group LLC increased its position in Teradyne by 81.3% during the 4th quarter. Merit Financial Group LLC now owns 6,659 shares of the company’s stock worth $1,289,000 after purchasing an additional 2,986 shares in the last quarter. Wealthfront Advisers LLC raised its stake in Teradyne by 56.0% in the 4th quarter. Wealthfront Advisers LLC now owns 29,336 shares of the company’s stock valued at $5,678,000 after purchasing an additional 10,526 shares during the last quarter. Finally, Zweig DiMenna Associates LLC raised its stake in Teradyne by 10.0% in the 4th quarter. Zweig DiMenna Associates LLC now owns 80,629 shares of the company’s stock valued at $15,607,000 after purchasing an additional 7,300 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TER. Stifel Nicolaus raised their price target on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group reissued a “buy” rating and issued a $465.00 price objective on shares of Teradyne in a research report on Tuesday, July 28th. Susquehanna upped their price objective on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Weiss Ratings upgraded shares of Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Finally, Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne Price Performance

TER opened at $375.74 on Friday. Teradyne, Inc. has a 12 month low of $109.56 and a 12 month high of $487.91. The business has a 50-day moving average of $386.46 and a two-hundred day moving average of $353.78. The stock has a market capitalization of $58.74 billion, a price-to-earnings ratio of 51.54, a price-to-earnings-growth ratio of 0.77 and a beta of 1.78.

Teradyne (NASDAQ:TER) last announced 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. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm posted $0.57 EPS. The company’s revenue was up 103.9% on a year-over-year basis. Equities research analysts anticipate that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s 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 transaction, the chief executive officer owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. This represents a 3.43% decrease in their ownership of the stock. The sale 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. Company insiders own 0.19% of the company’s stock.

About Teradyne

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.