Edgestream Partners L.P. trimmed its position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 54.7% in the first quarter, HoldingsChannel reports. The firm owned 2,655 shares of the company’s stock after selling 3,201 shares during the period. Edgestream Partners L.P.’s holdings in Teradyne were worth $787,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in TER. Caitong International Asset Management Co. Ltd acquired a new stake in Teradyne in the 4th quarter valued at approximately $28,000. CYBER HORNET ETFs LLC acquired a new position in Teradyne during the 2nd quarter worth $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Teradyne during the 4th quarter worth $37,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Teradyne in the fourth quarter worth $41,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of Teradyne by 149.1% in the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $42,000 after purchasing an additional 85 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.
Teradyne Stock Performance
Shares of TER stock opened at $403.56 on Wednesday. Teradyne, Inc. has a 1 year low of $103.33 and a 1 year high of $487.91. The business’s fifty day moving average is $383.04 and its 200-day moving average is $340.05. The stock has a market cap of $63.09 billion, a PE ratio of 55.36, a price-to-earnings-growth ratio of 0.74 and a beta of 1.78.
Teradyne Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were issued a dividend of $0.13 per share. The ex-dividend date was 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 payout ratio is 7.13%.
Insider Buying and Selling
In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the transaction, the chief executive officer owned 120,470 shares in the company, valued at approximately $50,962,424.10. The trade was a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total value of $232,880.00. Following the completion of the transaction, the insider directly owned 15,722 shares in the company, valued at $5,581,310. This represents a 4.01% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 14,941 shares of company stock worth $5,444,112. Corporate insiders own 0.19% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on TER shares. Bank of America lifted their price objective on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. 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 research report on Tuesday, April 28th. Robert W. Baird set a $420.00 target price on shares of Teradyne in a research note on Thursday, July 30th. The Goldman Sachs Group restated a “buy” rating and set a $465.00 price target on shares of Teradyne in a research report on Tuesday, July 28th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $550.00 price target on shares of Teradyne in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and an average target price of $396.80.
Check Out Our Latest Stock Analysis on TER
Key Stories Impacting Teradyne
Here are the key news stories impacting Teradyne this week:
- Positive Sentiment: AI-driven growth outlook: Teradyne’s second-quarter earnings discussion emphasized multiyear growth potential from artificial intelligence, semiconductor testing, market-share gains and an expanding test market. Its broad exposure to AI infrastructure is supporting investor optimism. TER Q2 Earnings Call Centers on AI-Led Multiyear Growth
- Positive Sentiment: Strong financial performance: Teradyne reported record second-quarter results, including earnings of $2.47 per share versus the $2.09 consensus estimate and revenue of $1.33 billion, up 103.9% year over year. Analysts also raised their third-quarter EPS forecast, reinforcing expectations for continued momentum. Teradyne Q3 EPS Forecast Increased by Northland Securities
- Positive Sentiment: Favorable sector rotation: Semiconductor and robotics stocks have attracted buying in a broader technology rally, while investors have shifted some attention away from the largest technology companies. Teradyne’s chip-testing and robotics businesses are positioned to benefit from this risk-on environment. Today’s Trade Is to Buy Chips and Sell the Magnificent 7
- Neutral Sentiment: Relative valuation support: A comparison with KLA suggests investors are willing to pay a higher multiple for semiconductor-equipment companies viewed as having stronger growth prospects, a framework that favors Teradyne’s faster AI-related growth. How KLA Went From Cheaper Than Teradyne to the Pricier Stock
- Negative Sentiment: Valuation risk: Teradyne trades at approximately 10.36 times sales and has a high earnings multiple, leaving less room for disappointment. The stock’s strong performance depends on AI demand, chip-testing growth and robotics execution continuing to justify its premium valuation. Teradyne Is Overvalued at 10.36X PS: Should You Still Buy the Stock?
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.
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