Illinois Municipal Retirement Fund Buys 1,830 Shares of Teradyne, Inc. $TER

Illinois Municipal Retirement Fund grew its stake in Teradyne, Inc. (NASDAQ:TER) by 1.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 105,713 shares of the company’s stock after purchasing an additional 1,830 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Teradyne were worth $20,462,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Teradyne in the 4th quarter worth approximately $398,777,000. Wellington Management Group LLP lifted its position in shares of Teradyne by 13,949.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock worth $280,357,000 after purchasing an additional 2,022,389 shares during the period. Alkeon Capital Management LLC lifted its position in shares of Teradyne by 48.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock worth $395,427,000 after purchasing an additional 940,000 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Teradyne by 3,233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock worth $176,144,000 after purchasing an additional 882,723 shares during the period. Finally, Rafferty Asset Management LLC lifted its position in shares of Teradyne by 65.4% in the 2nd quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company’s stock worth $194,770,000 after purchasing an additional 856,540 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Trending Headlines about Teradyne

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne’s AI-driven test business is gaining traction, with AI demand approaching 70% of revenues and new platforms opening additional opportunities in data centers. Teradyne’s AI Push Gains Traction: Is the Growth Thesis Strengthening?
• Positive Sentiment: Analyst commentary also points to strong recent fundamentals, including a sharply higher profit level in the latest quarter, supporting the view that Teradyne’s earnings power remains solid. Chip Testing Stock Sees More Red, Yet Wall Street Has High Profit Hopes
• Neutral Sentiment: Teradyne was highlighted in broader robotics and automation industry coverage, which reinforces the company’s exposure to long-term AI and robotics demand, but does not point to a direct near-term catalyst. Best Robotics Stocks Worth Watching – June 7th
• Neutral Sentiment: Recent short-interest data was reported, but the figures were effectively flat and did not provide a meaningful new signal for the stock. Teradyne (TER) Registers a Bigger Fall Than the Market: Important Facts to Note
• Negative Sentiment: The immediate market reaction has been negative, with TER underperforming the broader market and slipping sharply in the latest session, suggesting investors are focused on valuation and short-term volatility. Teradyne (TER) Registers a Bigger Fall Than the Market: Important Facts to Note

Wall Street Analysts Forecast Growth

TER has been the subject of several research reports. Robert W. Baird set a $350.00 price target on shares of Teradyne in a research report on Thursday, April 30th. Morgan Stanley set a $387.00 price target on shares of Teradyne in a research report on Thursday, April 30th. Susquehanna upped their price target on shares of Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a research report on Thursday, April 9th. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings raised shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $339.80.

Insider Activity at Teradyne

In related news, 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 completion of the sale, the insider owned 15,722 shares of the company’s stock, valued at $5,581,310. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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. Also, VP Ryan Driscoll sold 680 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the sale, the vice president directly owned 7,665 shares of the company’s stock, valued at $2,894,304. The trade was a 8.15% decrease in their position. 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. Insiders sold 10,941 shares of company stock valued at $3,751,992 over the last 90 days. Insiders own 0.19% of the company’s stock.

Teradyne Stock Down 5.9%

NASDAQ:TER opened at $347.59 on Thursday. Teradyne, Inc. has a 52 week low of $83.00 and a 52 week high of $422.11. The firm has a 50 day moving average of $360.72 and a 200 day moving average of $288.90. The stock has a market capitalization of $54.41 billion, a price-to-earnings ratio of 64.37, a PEG ratio of 1.52 and a beta of 1.79.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. Teradyne’s revenue for the quarter was up 87.0% compared to the same quarter last year. As a group, analysts expect that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

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

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.