Coastal Bridge Advisors LLC Purchases New Stake in Teradyne, Inc. $TER

Coastal Bridge Advisors LLC acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the second quarter, Holdings Channel reports. The fund acquired 1,633 shares of the company’s stock, valued at approximately $790,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Teradyne in the 2nd quarter valued at about $9,404,408,000. Andar Capital Management HK Ltd acquired a new position in Teradyne in the second quarter worth about $37,800,000. State Street Corp grew its stake in Teradyne by 0.9% in the fourth quarter. State Street Corp now owns 7,078,635 shares of the company’s stock worth $1,370,141,000 after purchasing an additional 60,986 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Teradyne by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock worth $442,413,000 after purchasing an additional 143,058 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Teradyne by 18.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock valued at $813,640,000 after buying an additional 659,273 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the sale, the chief executive officer owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

Teradyne Stock Up 2.5%

Shares of NASDAQ:TER opened at $372.06 on Friday. The company has a market cap of $58.17 billion, a PE ratio of 51.04, a P/E/G ratio of 0.73 and a beta of 1.78. Teradyne, Inc. has a fifty-two week low of $109.56 and a fifty-two week high of $487.91. The firm has a 50-day simple moving average of $382.03 and a 200 day simple moving average of $356.93.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company posted $0.57 earnings per share. Teradyne’s revenue was up 103.9% on a year-over-year basis. As a group, research analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, September 4th. Teradyne’s dividend payout ratio is presently 7.13%.

Key Headlines Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: AI is creating a longer-term growth opportunity. Teradyne’s testing platforms are benefiting from rising complexity in AI processors, high-bandwidth memory and photonics. AI-related revenue reportedly exceeds 60%, while management expects strong growth through 2026 and 2027. Teradyne: AI Is Turning Test Into A Structural Growth Market
• Positive Sentiment: Datacenter and memory demand are supporting Teradyne’s outlook. AI-driven datacenter investment, strong memory demand and strategic initiatives are strengthening the company’s competitive prospects relative to Cisco Systems and Vertiv. Strong Datacenter Growth Boosts TER’s Prospects Against CSCO & VRT
• Positive Sentiment: Recent earnings and estimate revisions are supporting the rally. Teradyne’s latest quarter materially exceeded expectations, with earnings of $2.47 per share versus the $2.09 consensus and revenue of $1.33 billion versus $1.22 billion. Revenue more than doubled year over year, and upward earnings-estimate revisions are viewed as a potential near-term catalyst. Why Is Teradyne Up Since Last Earnings Report?
• Positive Sentiment: Analysts see additional upside. The consensus price target implies approximately 25% potential appreciation, although target prices alone have limited predictive value. Wall Street Analysts Believe Teradyne Could Rally
• Neutral Sentiment: Teradyne Robotics is escalating intellectual-property enforcement by suing another Chinese collaborative-robot manufacturer over alleged copycat products. The action could help protect Teradyne’s technology and market position, but litigation introduces uncertainty and potential costs. Teradyne Robotics Ramps Up Fight Against Cobot Copycats

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 price objective on shares of Teradyne in a research note on Wednesday, July 29th. Robert W. Baird reiterated a “neutral” rating and issued a $420.00 target price on shares of Teradyne in a research report on Friday, August 21st. Evercore reiterated an “outperform” rating and issued a $420.00 price target on shares of Teradyne in a report on Thursday, July 30th. The Goldman Sachs Group reissued a “buy” rating and set a $465.00 price target on shares of Teradyne in a research report on Tuesday, July 28th. Finally, Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $396.80.

Teradyne Company 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.