Connecticut Wealth Management LLC Makes New $1.74 Million Investment in Teradyne, Inc. (NASDAQ:TER)

Connecticut Wealth Management LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,007 shares of the company’s stock, valued at approximately $1,737,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in Teradyne by 7.1% in the third quarter. Commonwealth Equity Services LLC now owns 14,245 shares of the company’s stock valued at $1,431,000 after purchasing an additional 948 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Teradyne by 32.7% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 25,950 shares of the company’s stock valued at $2,607,000 after acquiring an additional 6,400 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Teradyne by 2.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 8,753 shares of the company’s stock worth $879,000 after acquiring an additional 198 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Teradyne by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 1,632,831 shares of the company’s stock valued at $164,034,000 after purchasing an additional 47,889 shares during the last quarter. Finally, Forsta AP Fonden boosted its position in Teradyne by 0.7% during the third quarter. Forsta AP Fonden now owns 30,400 shares of the company’s stock valued at $3,054,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TER shares. Evercore ISI assumed coverage on Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price objective on the stock. Robert W. Baird upped their price target on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. The Goldman Sachs Group increased their price target on shares of Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. boosted their price objective on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, Susquehanna raised their target price on shares of Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $117.83.

Teradyne Stock Performance

Shares of TER stock traded up $3.05 during midday trading on Friday, hitting $120.44. 2,694,180 shares of the company were exchanged, compared to its average volume of 2,462,491. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $121.86. The firm has a market capitalization of $18.42 billion, a P/E ratio of 45.79 and a beta of 1.50. The firm’s 50 day moving average price is $107.25 and its two-hundred day moving average price is $101.19.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The company had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. Analysts expect that Teradyne, Inc. will post 2.99 EPS for the current year.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.