Principal Financial Group Inc. Grows Stake in Teradyne, Inc. $TER

Principal Financial Group Inc. boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 47.9% during the 1st quarter, HoldingsChannel reports. The fund owned 273,353 shares of the company’s stock after purchasing an additional 88,474 shares during the period. Principal Financial Group Inc.’s holdings in Teradyne were worth $81,038,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TER. State Street Corp lifted its stake in shares of Teradyne by 0.9% in the 4th quarter. State Street Corp now owns 7,078,635 shares of the company’s stock valued at $1,370,141,000 after purchasing an additional 60,986 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Teradyne by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock valued at $442,413,000 after purchasing an additional 143,058 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Teradyne by 18.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock valued at $813,640,000 after purchasing an additional 659,273 shares during the last quarter. Invesco Ltd. raised its holdings in Teradyne by 3.5% during the 3rd quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock valued at $407,322,000 after buying an additional 99,864 shares during the period. Finally, Morgan Stanley lifted its position in Teradyne by 1.9% in the fourth quarter. Morgan Stanley now owns 2,442,014 shares of the company’s stock worth $472,677,000 after buying an additional 45,089 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne News Summary

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne is being viewed as a beneficiary of rising AI chip complexity, with its testing business increasingly tied to AI compute, photonics, robotics, and automotive semiconductors. That supports the bull case for stronger demand for advanced test equipment. Teradyne (TER) Is Rebuilding Around AI And More Demanding Chip Tests
• Positive Sentiment: Analysts are still leaning constructive ahead of the company’s next earnings report, with expectations for solid EPS growth and commentary that Teradyne could benefit from a recovery in several end markets. What to Expect From Teradyne’s Next Quarterly Earnings Report
• Neutral Sentiment: One article argues Teradyne looks expensive on near-term valuation metrics, but still attractive based on growth, with a bullish price target that implies meaningful upside if AI-related demand continues to scale. Teradyne Is Expensive At First Glance But Attractive On Growth
• Negative Sentiment: An insider sale has caught investor attention and may be contributing to some caution after the stock’s strong advance, even though insider selling does not necessarily change the business outlook. What This Teradyne Insider Sale Signals With Shares Up 250% And Earnings On Deck
• Negative Sentiment: Recent market commentary says TER fell while the broader market gained, suggesting some investors may be rotating out of the name ahead of earnings or taking profits after a large year-to-date move. Teradyne (TER) Stock Sinks As Market Gains: Here’s Why

Wall Street Analysts Forecast Growth

Several research analysts have commented on TER shares. Evercore set a $370.00 price objective on shares of Teradyne in a research note on Thursday, April 30th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price for the company in a report on Thursday, April 30th. Susquehanna lifted their price target on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research note on Tuesday, June 30th. UBS Group upped their price target on shares of Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Cantor Fitzgerald increased their price objective on shares of Teradyne from $400.00 to $550.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $390.53.

Insiders Place Their Bets

In other news, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the completion of the sale, the vice president owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total value of $348,132.96. Following the completion of the sale, the insider owned 15,066 shares of the company’s stock, valued at $5,203,344.42. The trade was a 6.27% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 14,941 shares of company stock worth $5,444,112 in the last three months. Corporate insiders own 0.19% of the company’s stock.

Teradyne Stock Down 5.8%

TER stock opened at $322.30 on Friday. Teradyne, Inc. has a twelve month low of $89.18 and a twelve month high of $487.91. The firm has a market cap of $50.45 billion, a price-to-earnings ratio of 59.69, a PEG ratio of 0.99 and a beta of 1.74. The business’s fifty day simple moving average is $382.80 and its two-hundred day simple moving average is $327.20.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business’s revenue was up 87.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 earnings per share. Research analysts expect that Teradyne, Inc. will post 7.2 EPS for the current year.

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were given a $0.13 dividend. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.52 annualized dividend and a yield of 0.2%. Teradyne’s dividend payout ratio is presently 9.63%.

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.