Insight Wealth Strategies LLC Invests $7.83 Million in Teradyne, Inc. $TER

Insight Wealth Strategies LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,174 shares of the company’s stock, valued at approximately $7,826,000.

Other large investors have also bought and sold shares of the company. Gouws Capital LLC grew its stake in shares of Teradyne by 96.0% during the fourth quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock worth $2,966,000 after buying an additional 7,505 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of Teradyne by 81.3% in the 4th quarter. Merit Financial Group LLC now owns 6,659 shares of the company’s stock valued at $1,289,000 after acquiring an additional 2,986 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Teradyne by 56.0% during the 4th quarter. Wealthfront Advisers LLC now owns 29,336 shares of the company’s stock valued at $5,678,000 after acquiring an additional 10,526 shares in the last quarter. Lecap Asset Management Ltd. boosted its holdings in shares of Teradyne by 88.5% during the 4th quarter. Lecap Asset Management Ltd. now owns 8,392 shares of the company’s stock valued at $1,624,000 after acquiring an additional 3,941 shares in the last quarter. Finally, Brendel Financial Advisors LLC acquired a new stake in shares of Teradyne during the 4th quarter valued at $2,614,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the completion of the sale, the chief executive officer owned 120,470 shares of the company’s stock, valued at approximately $50,962,424.10. This represents a 3.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $355.00, for a total transaction of $232,880.00. Following the sale, the insider directly owned 15,722 shares of the company’s stock, valued at $5,581,310. This represents a 4.01% decrease in their position. The SEC filing for this sale provides additional information. 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 sold 14,261 shares of company stock worth $5,187,344 over the last quarter. 0.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Stifel Nicolaus upped their target price on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Citigroup lifted their price target on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 price target on shares of Teradyne in a report on Wednesday, July 29th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective for the company in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $396.80.

Teradyne Trading Up 4.0%

NASDAQ TER opened at $379.56 on Wednesday. The business’s 50-day moving average price is $383.11 and its two-hundred day moving average price is $345.39. Teradyne, Inc. has a 12 month low of $104.89 and a 12 month high of $487.91. The firm has a market capitalization of $59.34 billion, a PE ratio of 52.07, a price-to-earnings-growth ratio of 0.74 and a beta of 1.78.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating 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 company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The business’s quarterly revenue was up 103.9% on a year-over-year basis. As a group, analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne 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.