Teradyne, Inc. $TER Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its stake in Teradyne, Inc. (NASDAQ:TER) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,999 shares of the company’s stock after selling 1,804 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Teradyne were worth $16,838,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Teradyne during the second quarter worth approximately $9,404,408,000. Andar Capital Management HK Ltd acquired a new stake in shares of Teradyne in the second quarter valued at approximately $37,800,000. Bank of America Corp DE bought a new position in Teradyne in the 2nd quarter worth approximately $842,822,000. Legal & General Group Plc bought a new position in Teradyne in the 2nd quarter worth approximately $656,058,000. Finally, Assenagon Asset Management S.A. raised its position in Teradyne by 2,171.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,074,459 shares of the company’s stock worth $430,761,000 after purchasing an additional 1,027,146 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Trending Headlines about Teradyne

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: UBS maintained a $485 price target for Teradyne, indicating continued confidence in the company’s long-term growth prospects and substantial potential upside from recent trading levels. UBS maintains USD 485.00 target for Teradyne stock
• Positive Sentiment: Teradyne was identified as one of several beaten-down growth stocks trading at value-like levels. The article highlights potential opportunities tied to robotics, artificial intelligence and advanced semiconductor testing, which could attract investors seeking discounted growth exposure. 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
• Neutral Sentiment: Teradyne’s third-quarter results are scheduled for October 27. Investors will likely focus on semiconductor test demand, robotics growth, margins and management’s outlook. The report may produce significant volatility because expectations are elevated following the company’s strong prior-quarter revenue and earnings performance. Teradyne earnings preview
• Neutral Sentiment: Reported October short interest was zero shares, implying no measurable bearish short positioning. However, the article’s reference to a “significant increase” conflicts with the reported figure, so the data may be incomplete or erroneous. Teradyne short interest data
• Negative Sentiment: The stock has pulled back despite strong growth, partly as investor cash has rotated toward mega-cap companies. That relative weakness may continue if Teradyne’s earnings or outlook fail to exceed already-strong expectations. Growth stock market rotation article

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Weiss Ratings raised Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Wall Street Zen raised Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday. Evercore restated an “outperform” rating and set a $420.00 target price on shares of Teradyne in a research report on Thursday, July 30th. UBS Group boosted their target price on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, Morgan Stanley upped their price target on Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $396.80.

Teradyne Price Performance

TER opened at $309.00 on Tuesday. The company has a market cap of $48.31 billion, a price-to-earnings ratio of 42.39, a price-to-earnings-growth ratio of 0.62 and a beta of 1.75. The firm has a 50 day simple moving average of $372.26 and a 200 day simple moving average of $346.76. Teradyne, Inc. has a fifty-two week low of $144.11 and a fifty-two week high of $487.91.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business posted $0.57 earnings per share. Teradyne’s revenue was up 103.9% compared to the same quarter last year. As a group, analysts expect that Teradyne, Inc. will post 9.11 EPS for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were given a dividend of $0.13 per share. The ex-dividend date was Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 0.2%. Teradyne’s payout ratio is presently 7.13%.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $341.28, for a total value of $1,365,120.00. Following the transaction, the chief executive officer owned 104,495 shares of the company’s stock, valued at $35,662,053.60. This represents a 3.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 12,000 shares of company stock valued at $4,416,440. Corporate insiders own 0.19% of the company’s stock.

About Teradyne

Teradyne, Inc develops and supplies automated test equipment and industrial automation products. Its systems help manufacturers test the functionality, performance, and reliability of semiconductor devices, electronic systems, wireless products, and other complex products throughout the production process.

The company’s product portfolio includes semiconductor test systems, memory and system-level test equipment, and solutions for printed circuit boards and electronic products. Teradyne also provides collaborative robots through Universal Robots and autonomous mobile robots through Mobile Industrial Robots (MiR), supporting applications such as assembly, material handling, machine tending, packaging, and warehouse logistics.

Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers worldwide, including semiconductor manufacturers, electronics producers, automotive companies, and industrial businesses.