2,916 Shares in Teradyne, Inc. $TER Bought by Independent Financial Group LLC

Independent Financial Group LLC acquired a new stake in Teradyne, Inc. (NASDAQ:TER) during the first quarter, HoldingsChannel reports. The fund acquired 2,916 shares of the company’s stock, valued at approximately $864,000.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Teradyne in the 4th quarter worth $398,777,000. Wellington Management Group LLP increased its stake in shares of Teradyne by 13,949.4% during the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock worth $280,357,000 after acquiring an additional 2,022,389 shares during the period. Aspex Management HK Ltd acquired a new position in shares of Teradyne during the fourth quarter worth about $199,723,000. Corient Private Wealth LLC raised its holdings in Teradyne by 2,189.2% during the fourth quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock worth $208,254,000 after purchasing an additional 1,028,916 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Teradyne by 3,233.4% during the fourth 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 in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne News Roundup

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne is rising with other semiconductor equipment names as dip buyers return to the market and re-enter AI-linked stocks after a sharp sector pullback. Seagate, Western Digital, FormFactor, Amkor, and Teradyne Shares Are Soaring, What You Need To Know
• Positive Sentiment: Wall Street expects Teradyne to report earnings growth next week, and coverage suggests the company has a favorable setup for a potential earnings beat. Teradyne (TER) Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Teradyne was also highlighted as an AI semiconductor supply-chain stock that may benefit from the recent dip, with demand for chip testing and packaging still supported by AI spending trends. 4 AI Semiconductor Supply-Chain Stocks to Buy on the Recent Dip
• Neutral Sentiment: The latest market backdrop remains mixed, with chip stocks rebounding even as broader investors stay focused on earnings and macro uncertainty.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings lowered Teradyne from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Robert W. Baird increased their target price on Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Bank of America raised their price target on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group lifted their price target on Teradyne from $350.00 to $465.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Finally, Morgan Stanley set a $387.00 price objective on Teradyne in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $394.53.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 8,597 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $338.98, for a total value of $2,914,211.06. Following the sale, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at approximately $42,192,840.60. This represents a 6.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $345.37, for a total transaction of $348,132.96. Following the transaction, the insider owned 15,066 shares of the company’s stock, valued at $5,203,344.42. This trade represents a 6.27% 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. Insiders sold 14,941 shares of company stock valued at $5,444,112 in the last 90 days. 0.19% of the stock is currently owned by insiders.

Teradyne Price Performance

TER opened at $374.04 on Wednesday. The stock has a market cap of $58.55 billion, a P/E ratio of 69.27, a P/E/G ratio of 0.97 and a beta of 1.74. The stock’s 50 day simple moving average is $381.71 and its 200 day simple moving average is $330.32. Teradyne, Inc. has a 1-year low of $89.18 and a 1-year high of $487.91.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.45. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.Teradyne’s revenue was up 87.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. Research analysts expect that Teradyne, Inc. will post 7.2 EPS for the current fiscal year.

Teradyne Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were given a $0.13 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, May 21st. Teradyne’s dividend payout ratio (DPR) is 9.63%.

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.