Wealth Enhancement Trust Services Inc. boosted its stake in Teradyne, Inc. (NASDAQ:TER – Free Report) by 1,947.9% during the third quarter, HoldingsChannel reports. The firm owned 4,444 shares of the company’s stock after buying an additional 4,227 shares during the period. Wealth Enhancement Trust Services Inc.’s holdings in Teradyne were worth $1,782,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Teradyne in the 2nd quarter worth approximately $9,404,408,000. Andar Capital Management HK Ltd purchased a new stake in Teradyne during the 2nd quarter valued at about $37,800,000. Bank of America Corp DE purchased a new position in Teradyne in the 2nd quarter worth approximately $842,822,000. Legal & General Group Plc bought a new stake in Teradyne in the second quarter valued at approximately $656,058,000. Finally, Aspex Management HK Ltd purchased a new stake in shares of Teradyne during the fourth quarter valued at approximately $199,723,000. Institutional investors own 99.77% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Bank of America increased their target price on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. UBS Group upped their target price on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Zacks Research lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Cantor Fitzgerald reissued an “overweight” rating and issued a $550.00 price target on shares of Teradyne in a research report on Wednesday, July 29th. Finally, Wall Street Zen downgraded Teradyne from a “buy” rating to a “hold” rating in a research note on Monday, September 28th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average target price of $396.80.
Teradyne Stock Down 4.3%
Shares of NASDAQ TER traded down $18.54 during trading on Wednesday, reaching $411.78. 2,395,552 shares of the company traded hands, compared to its average volume of 3,550,740. Teradyne, Inc. has a 52-week low of $131.75 and a 52-week high of $487.91. The stock has a market capitalization of $64.38 billion, a PE ratio of 56.49, a P/E/G ratio of 0.90 and a beta of 1.75. The firm has a 50 day simple moving average of $379.46 and a 200-day simple moving average of $370.34.
Teradyne (NASDAQ:TER – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS 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 during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. Teradyne’s revenue was up 103.9% compared to the same quarter last year. As a group, research analysts predict that Teradyne, Inc. will post 9.11 EPS for the current year.
Teradyne Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, September 4th. Teradyne’s dividend payout ratio (DPR) is currently 7.13%.
Trending Headlines about Teradyne
Here are the key news stories impacting Teradyne this week:
- Positive Sentiment: Teradyne introduced the Titan HP platform, which adds burn-in capabilities for advanced AI data-center devices. The system is designed to reduce testing costs and factory-floor space while accelerating customers’ time to market, supporting demand for Teradyne’s semiconductor test equipment. Teradyne Introduces Titan HP Platform
- Positive Sentiment: The company also launched the Magnum E2 memory test platform for advanced DRAM and high-speed NAND flash, potentially benefiting from continued AI-related memory investment. Magnum E2 Addresses Advanced DRAM and NAND Flash
- Positive Sentiment: Teradyne plans to collaborate with and invest in Bright Machines, pairing its robotics and semiconductor-test technologies with Bright Machines’ software-defined manufacturing platform. The partnership could expand Teradyne’s exposure to automated AI-infrastructure manufacturing. Teradyne Invests in Bright Machines
- Neutral Sentiment: Analysts expect strong triple-digit year-over-year earnings-per-share growth in the upcoming third quarter, supported by AI-driven memory-test demand. However, the outlook is already reflected in an elevated valuation after TER’s strong annual gain. Teradyne Earnings Preview
- Negative Sentiment: Investor concerns include premium valuation, possible margin pressure, and competition from Advantest. One analysis specifically questioned Teradyne’s competitive position despite strong AI demand. Advantest Leading Signal Report
- Negative Sentiment: ARK Invest founder Cathie Wood reportedly sold Teradyne shares, adding a modest sentiment headwind. The cobot dispute with Elite Robots was settled, removing a legal overhang but offering limited immediate financial impact. Cathie Wood Sells Teradyne
Insider Buying and Selling at Teradyne
In other news, CEO Gregory Smith sold 4,000 shares of Teradyne stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $337.83, for a total transaction of $1,351,320.00. Following the transaction, the chief executive officer directly owned 108,495 shares of the company’s stock, valued at $36,652,865.85. The trade was a 3.56% 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. 0.19% of the stock is currently owned by insiders.
Teradyne Profile
Teradyne, Inc is a global provider of automated test equipment and industrial automation solutions. Founded in 1960 and headquartered in North Reading, Massachusetts, the company develops systems that help manufacturers test the performance, quality, and reliability of electronic products and components.
Teradyne’s products include semiconductor test systems used to evaluate integrated circuits, memory devices, and other semiconductor components. The company also provides test solutions for wireless products, storage systems, and complex electronic systems, along with related software, services, and support.
Through its Industrial Automation segment, Teradyne offers collaborative robots from Universal Robots, autonomous mobile robots from Mobile Industrial Robots, and robotic arms and systems for manufacturing and other industrial applications.
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