Teradyne, Inc. $TER Stock: Net Worth Advisory Group Decreases Position

Net Worth Advisory Group cut its position in shares of Teradyne, Inc. (NASDAQ:TER) by 83.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 677 shares of the company’s stock after selling 3,468 shares during the period. Net Worth Advisory Group’s holdings in Teradyne were worth $282,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Community Financial Services Group LLC purchased a new position in Teradyne during the 2nd quarter valued at approximately $29,000. Elevation Wealth Partners LLC raised its holdings in shares of Teradyne by 1,320.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after acquiring an additional 66 shares in the last quarter. Mcdonald Partners LLC purchased a new stake in shares of Teradyne during the 2nd quarter worth approximately $36,000. Hilltop National Bank purchased a new stake in shares of Teradyne during the 2nd quarter worth approximately $41,000. Finally, McIlrath & Eck LLC bought a new position in shares of Teradyne during the 1st quarter valued at approximately $30,000. 99.77% of the stock is owned by institutional investors.

Teradyne Trading Up 2.6%

TER opened at $345.49 on Thursday. The firm has a market cap of $54.01 billion, a P/E ratio of 47.39, a P/E/G ratio of 0.68 and a beta of 1.75. Teradyne, Inc. has a 12 month low of $135.83 and a 12 month high of $487.91. The stock has a 50-day moving average of $377.45 and a 200 day moving average of $375.23.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The firm’s revenue for the quarter was up 103.9% on a year-over-year basis. On average, research analysts forecast that Teradyne, Inc. will post 9.11 earnings per share for the current fiscal year.

Teradyne Announces Dividend

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

Teradyne News Roundup

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Physical-AI partnership expands growth opportunity: Teradyne Robotics is partnering with Sereact to deploy AI-enabled robotic systems for difficult-to-automate retail and logistics tasks, including processing fashion returns. The collaboration could support adoption of Teradyne’s Universal Robots and Mobile Industrial Robots platforms. Teradyne Robotics and Sereact Partner to Scale Physical AI Solutions for Retail and Logistics
• Positive Sentiment: UBS sets a significantly higher price target: UBS reportedly established a $485 target for Teradyne, providing bullish support and signaling confidence in the company’s semiconductor-test and automation exposure. Teradyne Inc. stock: UBS sets USD 485.00 target pre-market
• Positive Sentiment: Strong earnings momentum raises expectations: Teradyne’s latest quarter significantly exceeded consensus estimates, with revenue up more than 100% year over year. Investors will look for continued strength in semiconductor test and robotics demand in the upcoming report. Teradyne stock: October 27 results put Teradyne stock to the test
• Neutral Sentiment: Analyst sentiment remains favorable but valuation is elevated: Teradyne has a consensus “Moderate Buy” rating and an average target of $396.80, although its high earnings multiple leaves the stock sensitive to any earnings or guidance disappointment.
• Negative Sentiment: Insider selling adds a modest cautionary signal: CEO Gregory Smith sold 4,000 shares worth approximately $1.37 million. The transaction occurred under a pre-arranged Rule 10b5-1 plan, reducing its significance, but it follows additional sales by the CEO.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $550.00 target price on shares of Teradyne in a report on Wednesday, July 29th. Zacks Research cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Robert W. Baird reaffirmed a “neutral” rating and set a $420.00 price target on shares of Teradyne in a research note on Friday, August 21st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $465.00 price target on shares of Teradyne in a research note on Tuesday, July 28th. Finally, Wall Street Zen lowered shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Monday, September 28th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average target price of $396.80.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was 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 of the company’s stock, valued at approximately $35,662,053.60. The trade was a 3.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 worth $4,416,440. Insiders own 0.19% of the company’s stock.

Teradyne Company Profile

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.