Saturna Capital Corp Sells 1,387 Shares of Teradyne, Inc. $TER

Saturna Capital Corp decreased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 24.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,303 shares of the company’s stock after selling 1,387 shares during the period. Saturna Capital Corp’s holdings in Teradyne were worth $1,276,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC grew its stake in shares of Teradyne by 12.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock valued at $342,000 after purchasing an additional 468 shares during the last quarter. Caxton Associates LLP bought a new position in Teradyne in the 1st quarter worth approximately $297,000. Cresset Asset Management LLC raised its position in Teradyne by 11.6% in the 2nd quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock worth $608,000 after purchasing an additional 702 shares during the last quarter. NewEdge Advisors LLC raised its position in Teradyne by 467.1% in the 2nd quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock worth $306,000 after purchasing an additional 2,807 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in Teradyne by 5.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock worth $6,755,000 after buying an additional 3,651 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Key Teradyne News

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne is rising with other semiconductor equipment names as dip buyers return to the market and re-enter AI-linked stocks after a sharp sector pullback. Seagate, Western Digital, FormFactor, Amkor, and Teradyne Shares Are Soaring, What You Need To Know
• Positive Sentiment: Wall Street expects Teradyne to report earnings growth next week, and coverage suggests the company has a favorable setup for a potential earnings beat. Teradyne (TER) Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Teradyne was also highlighted as an AI semiconductor supply-chain stock that may benefit from the recent dip, with demand for chip testing and packaging still supported by AI spending trends. 4 AI Semiconductor Supply-Chain Stocks to Buy on the Recent Dip
• Neutral Sentiment: The latest market backdrop remains mixed, with chip stocks rebounding even as broader investors stay focused on earnings and macro uncertainty.

Insider Activity at Teradyne

In other Teradyne news, insider Shannon John Poulin sold 656 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the transaction, the insider owned 15,722 shares in the company, valued at approximately $5,581,310. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Also, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the transaction, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 14,941 shares of company stock worth $5,444,112. 0.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings lowered Teradyne from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Robert W. Baird boosted their target price on Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Susquehanna upped their price target on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. UBS Group upped their price target on Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Monday. Finally, JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target on the stock in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and an average price target of $394.53.

Teradyne Price Performance

Shares of NASDAQ TER opened at $374.04 on Wednesday. The company’s 50 day simple moving average is $381.71 and its 200 day simple moving average is $330.32. Teradyne, Inc. has a fifty-two week low of $89.18 and a fifty-two week high of $487.91. The firm has a market capitalization of $58.55 billion, a P/E ratio of 69.27, a P/E/G ratio of 0.97 and a beta of 1.74.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business’s revenue for the quarter was up 87.0% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. Sell-side analysts expect that Teradyne, Inc. will post 7.2 EPS for the current fiscal year.

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, May 21st. Teradyne’s 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.