Semanteon Capital Management LP Acquires New Holdings in Teradyne, Inc. (NASDAQ:TER)

Semanteon Capital Management LP acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,617 shares of the company’s stock, valued at approximately $1,261,000. Teradyne comprises about 0.9% of Semanteon Capital Management LP’s investment portfolio, making the stock its 14th largest holding.

Several other large investors have also recently modified their holdings of the business. Marshall Financial Group LLC raised its stake in shares of Teradyne by 1.2% during the fourth quarter. Marshall Financial Group LLC now owns 8,251 shares of the company’s stock valued at $895,000 after acquiring an additional 96 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Teradyne by 24.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company’s stock worth $56,000 after buying an additional 100 shares during the last quarter. TFC Financial Management Inc. raised its stake in Teradyne by 18.3% during the third quarter. TFC Financial Management Inc. now owns 745 shares of the company’s stock worth $75,000 after buying an additional 115 shares during the last quarter. Lido Advisors LLC raised its stake in Teradyne by 0.6% during the third quarter. Lido Advisors LLC now owns 20,369 shares of the company’s stock worth $2,046,000 after buying an additional 125 shares during the last quarter. Finally, Guinness Asset Management LTD raised its stake in Teradyne by 2.5% during the third quarter. Guinness Asset Management LTD now owns 5,233 shares of the company’s stock worth $525,000 after buying an additional 130 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling

In other news, Director Ernest E. Maddock purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the acquisition, the director now owns 4,728 shares in the company, valued at $444,762.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Ernest E. Maddock acquired 1,000 shares of the stock in a transaction on Thursday, February 1st. The shares were acquired at an average price of $94.07 per share, with a total value of $94,070.00. Following the completion of the transaction, the director now owns 4,728 shares in the company, valued at approximately $444,762.96. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 8,653 shares of Teradyne stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total transaction of $909,430.30. Following the completion of the sale, the chief financial officer now directly owns 31,180 shares in the company, valued at approximately $3,277,018. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.

Teradyne Price Performance

Shares of NASDAQ TER traded up $8.21 during mid-day trading on Thursday, reaching $108.91. 7,876,505 shares of the company’s stock traded hands, compared to its average volume of 1,883,373. The stock has a market cap of $16.66 billion, a P/E ratio of 39.89 and a beta of 1.56. The business has a 50-day simple moving average of $105.38 and a 200 day simple moving average of $100.43. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $119.20.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The business had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. During the same period in the previous year, the company earned $0.55 earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts anticipate that Teradyne, Inc. will post 2.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TER shares. Evercore ISI started coverage on shares of Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 target price for the company. JPMorgan Chase & Co. lifted their target price 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, Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $113.73.

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.