Verus Capital Partners LLC Sells 4,295 Shares of Teradyne, Inc. $TER

Verus Capital Partners LLC decreased its stake in Teradyne, Inc. (NASDAQ:TER) by 87.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 590 shares of the company’s stock after selling 4,295 shares during the period. Verus Capital Partners LLC’s holdings in Teradyne were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Teradyne in the second quarter worth approximately $9,404,408,000. Andar Capital Management HK Ltd acquired a new stake in Teradyne during the 2nd quarter valued at approximately $37,800,000. State Street Corp increased its position in Teradyne by 4.6% during the 2nd quarter. State Street Corp now owns 7,290,460 shares of the company’s stock valued at $3,527,416,000 after purchasing an additional 320,034 shares during the period. Van ECK Associates Corp raised its holdings in Teradyne by 5.0% during the 2nd quarter. Van ECK Associates Corp now owns 2,607,914 shares of the company’s stock worth $1,261,813,000 after purchasing an additional 123,549 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Teradyne by 0.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,978,124 shares of the company’s stock worth $957,096,000 after purchasing an additional 12,659 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Price Performance

NASDAQ TER opened at $245.40 on Wednesday. The stock has a market capitalization of $38.31 billion, a P/E ratio of 28.17, a P/E/G ratio of 0.48 and a beta of 1.73. The business has a 50 day simple moving average of $347.34 and a 200 day simple moving average of $348.91. Teradyne, Inc. has a one year low of $151.52 and a one year high of $487.91.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.20. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. Teradyne had a return on equity of 43.81% and a net margin of 27.46%. The company’s revenue was up 69.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 earnings per share. Equities analysts expect that Teradyne, Inc. will post 9.41 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Monday, November 23rd will be paid a $0.13 dividend. The ex-dividend date is Monday, November 23rd. This represents a $0.52 annualized dividend and a dividend yield of 0.2%. Teradyne’s payout ratio is currently 5.97%.

Wall Street Analyst Weigh In

TER has been the topic of a number of recent analyst reports. Robert W. Baird downgraded shares of Teradyne from an “outperform” rating to a “neutral” rating and set a $420.00 price target on the stock. in a research report on Friday, August 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $550.00 price objective on shares of Teradyne in a research report on Wednesday, July 29th. Wall Street Zen downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group lowered their target price on shares of Teradyne from $485.00 to $430.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Finally, Morgan Stanley upped their price target on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $405.86.

More Teradyne News

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne introduced Omnyx Edge, an inline board-test platform for the compute, sensing, and motion boards used in physical and edge AI. The launch could expand the company’s opportunities as AI applications move beyond data centers; a market report linked the product debut to a rise in the shares. Teradyne Introduces Omnyx Edge, Inline Board Test for Physical and Edge AI
• Positive Sentiment: Zacks upgraded TER to Rank #1 (Strong Buy), citing improving earnings prospects. The upgrade may support sentiment around the company’s outlook. Teradyne Upgraded to Strong Buy
• Neutral Sentiment: Teradyne declared a quarterly cash dividend of $0.13 per share, payable December 16 to shareholders of record November 23. The annualized yield is about 0.2%, so the payout provides a small return but is unlikely to be a major stock catalyst. Teradyne Declares Quarterly Cash Dividend

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Smith sold 4,000 shares of the business’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $341.28, for a total transaction of $1,365,120.00. Following the transaction, the chief executive officer owned 104,495 shares in the company, valued at $35,662,053.60. The trade was a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 12,000 shares of company stock valued at $4,416,440. Insiders own 0.19% of the company’s stock.

Teradyne Company Profile

Teradyne, Inc. develops and supplies automated test equipment and robotics used by manufacturers around the world. Its test systems help customers evaluate the performance and reliability of semiconductor devices, electronic products, wireless components and storage products. The company’s offerings include semiconductor test systems, system-level test equipment and wireless test solutions. Teradyne also serves industrial automation markets through Universal Robots, which makes collaborative robots, and Mobile Industrial Robots, which develops autonomous mobile robots for moving materials in factories and other facilities.