Teradyne, Inc. (NASDAQ:TER – Get Free Report)’s stock price dropped 4.9% during mid-day trading on Monday. The stock traded as low as $257.84 and last traded at $261.01. Approximately 5,170,952 shares traded hands during mid-day trading, an increase of 45% from the average daily volume of 3,562,727 shares. The stock had previously closed at $274.37.
Key Teradyne News
Here are the key news stories impacting Teradyne this week:
- Positive Sentiment: Teradyne Robotics’ partnership with German AI company Sereact brings its physical-AI technology to retail and logistics, including returns handling and piece picking. Deployments are already operating at European logistics hubs serving Zalando, giving the collaboration a real-world foothold. Article: Is Teradyne Changing the Robotics Story With Its New Physical AI Push?
- Positive Sentiment: Recent coverage says Teradyne’s robotics business has turned profitable, broadening the company’s AI growth story beyond semiconductor testing. Profitability could make robotics a more meaningful contributor to growth. Article: Teradyne Stock: Robotics Turns Profitable as AI Demand Accelerates
- Neutral Sentiment: Teradyne is looking at India’s expanding semiconductor-testing market. This could offer a longer-term opportunity, though the report does not describe a specific deal or near-term revenue impact. Article: Teradyne Eyes India’s Growing Semiconductor Testing Equipment Market
- Negative Sentiment: One report notes TER fell 17% over the prior week, underscoring recent volatility and selling pressure. UBS nevertheless sees 61% upside, so the article presents a bullish analyst view rather than explaining the decline. Article: Teradyne Lost 17% in a Week. UBS Still Sees 61% Upside
Wall Street Analyst Weigh In
TER has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $440.00 target price on Teradyne in a report on Wednesday, October 28th. Weiss Ratings raised shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 29th. UBS Group lowered their price target on shares of Teradyne from $485.00 to $430.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Evercore reiterated an “outperform” rating and issued a $420.00 price target on shares of Teradyne in a report on Thursday, July 30th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $550.00 price objective on shares of Teradyne in a research note on Wednesday, July 29th. One research 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 company. According to MarketBeat, Teradyne has an average rating of “Moderate Buy” and a consensus price target of $405.86.
Teradyne Stock Performance
The firm has a market cap of $39.18 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 0.53 and a beta of 1.73. The business has a fifty day moving average of $360.00 and a two-hundred day moving average of $348.75.
Teradyne (NASDAQ:TER – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.20. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Teradyne had a return on equity of 43.81% and a net margin of 27.46%. Teradyne’s revenue was up 69.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. On average, equities research analysts forecast that Teradyne, Inc. will post 9.36 earnings per share for the current year.
Teradyne Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, September 4th. Teradyne’s payout ratio is 5.97%.
Insider Activity at Teradyne
In related news, CEO Gregory Smith sold 4,000 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $341.28, for a total value of $1,365,120.00. Following the sale, the chief executive officer directly 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 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. In the last 90 days, insiders have sold 12,000 shares of company stock valued at $4,416,440. 0.19% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of TER. BlackRock Inc. purchased a new position in Teradyne during the second quarter worth $9,404,408,000. Andar Capital Management HK Ltd purchased a new stake in Teradyne in the 2nd quarter worth approximately $37,800,000. Bank of America Corp DE acquired a new position in Teradyne in the 2nd quarter valued at $842,822,000. Legal & General Group Plc acquired a new position in Teradyne in the 2nd quarter valued at $656,058,000. Finally, Assenagon Asset Management S.A. raised its holdings 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 valued at $430,761,000 after acquiring an additional 1,027,146 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Articles
- Five stocks we like better than Teradyne
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.
