Tairen Capital Ltd Invests $15.48 Million in Teradyne, Inc. $TER

Tairen Capital Ltd bought a new stake in Teradyne, Inc. (NASDAQ:TER) during the second quarter, HoldingsChannel reports. The firm bought 32,000 shares of the company’s stock, valued at approximately $15,483,000. Teradyne accounts for approximately 1.4% of Tairen Capital Ltd’s investment portfolio, making the stock its 16th largest position.

Several other large investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in Teradyne in the second quarter worth about $9,404,408,000. Andar Capital Management HK Ltd acquired a new stake in Teradyne during the second quarter valued at approximately $37,800,000. State Street Corp raised its stake in Teradyne by 0.9% during the fourth quarter. State Street Corp now owns 7,078,635 shares of the company’s stock valued at $1,370,141,000 after buying an additional 60,986 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Teradyne by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock worth $442,413,000 after buying an additional 143,058 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Teradyne by 18.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock worth $813,640,000 after buying an additional 659,273 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

NASDAQ:TER opened at $375.74 on Monday. The stock has a 50 day moving average of $386.46 and a 200-day moving average of $354.52. The firm has a market capitalization of $58.74 billion, a PE ratio of 51.54, a price-to-earnings-growth ratio of 0.76 and a beta of 1.78. Teradyne, Inc. has a 52 week low of $109.56 and a 52 week high of $487.91.

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

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was 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 in the company, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $465.00 price target on shares of Teradyne in a report on Tuesday, July 28th. Stifel Nicolaus raised their price objective on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Evercore restated an “outperform” rating and set a $420.00 price objective on shares of Teradyne in a research note on Thursday, July 30th. Robert W. Baird reaffirmed a “neutral” rating and issued a $420.00 price objective on shares of Teradyne in a report on Friday. Finally, Weiss Ratings upgraded shares of Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.