Envestnet Portfolio Solutions Inc. Sells 1,864 Shares of Teradyne, Inc. $TER

Envestnet Portfolio Solutions Inc. decreased its stake in Teradyne, Inc. (NASDAQ:TER) by 46.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,131 shares of the company’s stock after selling 1,864 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Teradyne were worth $412,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TER. Root Financial Partners LLC bought a new position in shares of Teradyne during the 3rd quarter valued at $31,000. Davidson Capital Management Inc. bought a new position in shares of Teradyne during the 3rd quarter valued at $31,000. CYBER HORNET ETFs LLC bought a new position in shares of Teradyne during the 2nd quarter valued at $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Teradyne during the 4th quarter valued at $37,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of Teradyne during the 3rd quarter valued at $41,000. Institutional investors own 99.77% of the company’s stock.

Key Headlines Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne posted strong Q1 results, with EPS of $2.56 beating estimates and revenue of $1.28 billion topping expectations, while management said about 70% of revenue was tied to AI-related demand.
• Positive Sentiment: The company raised its quarterly dividend to $0.13 per share, signaling confidence in cash generation and returning more capital to shareholders.
• Neutral Sentiment: Wall Street sentiment remains constructive, with several analysts reiterating bullish ratings and a median price target above recent trading levels.
• Negative Sentiment: Investors appear focused on the sequential drop in Q2 revenue guidance versus Q1, which suggests a slowdown after an exceptionally strong quarter and may be prompting valuation compression.
• Negative Sentiment: Recent insider-sale filings, including sales by executive Shannon John Poulin, are adding to cautious sentiment even though the transactions were reportedly made under a pre-arranged 10b5-1 plan and for tax withholding.

Insider Transactions at Teradyne

In other news, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the sale, the vice president directly owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the completion of the sale, the insider directly owned 15,722 shares of the company’s stock, valued at approximately $5,581,310. This represents a 4.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last ninety days, insiders sold 10,941 shares of company stock valued at $3,751,992. Company insiders own 0.19% of the company’s stock.

Teradyne Stock Down 3.4%

Shares of Teradyne stock opened at $375.83 on Thursday. The firm has a market cap of $58.83 billion, a PE ratio of 69.60, a price-to-earnings-growth ratio of 1.60 and a beta of 1.79. Teradyne, Inc. has a 12-month low of $77.02 and a 12-month high of $422.11. The company’s fifty day simple moving average is $345.20 and its two-hundred day simple moving average is $274.34.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company’s revenue was up 87.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. As a group, sell-side analysts expect that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio is 9.63%.

Analyst Ratings Changes

TER has been the topic of several recent research reports. Evercore set a $370.00 target price on shares of Teradyne in a report on Thursday, April 30th. Stifel Nicolaus increased their target price on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. UBS Group increased their target price on shares of Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Citigroup increased their target price on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Northland Securities reaffirmed a “market perform” rating and set a $270.00 target price on shares of Teradyne in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $339.80.

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.