165,432 Shares in Teradyne, Inc. $TER Acquired by Man Group plc

Man Group plc acquired a new stake in Teradyne, Inc. (NASDAQ:TERFree Report) in the 2nd quarter, Holdings Channel reports. The firm acquired 165,432 shares of the company’s stock, valued at approximately $80,043,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Teradyne during the second quarter worth about $9,404,408,000. Andar Capital Management HK Ltd purchased a new stake in shares of Teradyne in the second quarter valued at about $37,800,000. Norges Bank acquired a new stake in shares of Teradyne in the fourth quarter valued at approximately $398,777,000. Wellington Management Group LLP grew its position in shares of Teradyne by 13,949.4% in the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after purchasing an additional 2,022,389 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Teradyne during the 2nd quarter worth approximately $656,058,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Performance

Shares of TER opened at $366.43 on Wednesday. Teradyne, Inc. has a 1 year low of $109.56 and a 1 year high of $487.91. The company’s 50 day simple moving average is $384.25 and its 200 day simple moving average is $355.78. The company has a market capitalization of $57.29 billion, a price-to-earnings ratio of 50.26, a PEG ratio of 0.74 and a beta of 1.78.

Teradyne (NASDAQ:TERGet Free Report) last issued its quarterly earnings results 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. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.Teradyne’s revenue was up 103.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. Equities analysts expect that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently issued reports on TER shares. Morgan Stanley lifted their price objective on Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Citigroup raised their price target on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target for the company in a report on Thursday, April 30th. Finally, Stifel Nicolaus upped their price objective on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. One equities research 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $396.80.

Check Out Our Latest Report on TER

More Teradyne News

Here are the key news stories impacting Teradyne this week:

  • Positive Sentiment: Teradyne declared a quarterly cash dividend of $0.13 per share, payable September 25 to shareholders of record as of September 4. Although the roughly 0.1% yield is modest, the payment reinforces management’s shareholder-return policy. Teradyne Declares Quarterly Cash Dividend
  • Positive Sentiment: Analyst commentary identified TER as an AI infrastructure play, while broader electronics-industry investment in infrastructure and expanded capacity could benefit Teradyne’s semiconductor and robotics testing businesses. 3 Electronics Stocks Set to Benefit From a Prospering Industry
  • Positive Sentiment: Teradyne remains on analysts’ earnings radar, with annual profit estimates reportedly rising. The company’s latest quarterly results also showed substantial year-over-year revenue growth and an earnings beat, supporting the longer-term growth narrative. Teradyne, Lumentum Back On Analysts’ Earnings Radar
  • Neutral Sentiment: Reported short interest was listed at zero shares, with zero days to cover. Because the figures show no short position and an “NaN” change, the data appears unreliable and offers no meaningful short-squeeze signal.
  • Negative Sentiment: CEO Gregory Smith sold 4,000 shares for approximately $1.7 million. The transaction occurred under a pre-planned Rule 10b5-1 schedule, reducing its significance as a signal of deteriorating management confidence, but insider selling can still weigh modestly on sentiment. Teradyne CEO Gregory Smith Sells Shares

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 112,495 shares in the company, valued at approximately $47,810,375. This represents a 3.43% decrease in their ownership of the stock. 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. Insiders own 0.19% of the company’s stock.

About Teradyne

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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