Silverleafe Capital Partners LLC bought a new stake in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,417 shares of the company’s stock, valued at approximately $969,000.
Several other hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Teradyne during the second quarter worth approximately $9,404,408,000. Andar Capital Management HK Ltd bought a new position in Teradyne in the second quarter valued at approximately $37,800,000. State Street Corp boosted its stake in Teradyne by 4.6% in the second quarter. State Street Corp now owns 7,290,460 shares of the company’s stock valued at $3,527,416,000 after acquiring an additional 320,034 shares during the last quarter. Van ECK Associates Corp grew its holdings in Teradyne by 5.0% during the 2nd quarter. Van ECK Associates Corp now owns 2,607,914 shares of the company’s stock worth $1,261,813,000 after acquiring an additional 123,549 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Teradyne by 0.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,978,124 shares of the company’s stock valued at $957,096,000 after acquiring an additional 12,659 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.
Teradyne News Roundup
Here are the key news stories impacting Teradyne this week:
- Positive Sentiment: Expanded memory-test portfolio supports AI growth. Teradyne is broadening its offerings for HBM, DRAM and NAND testing, with its Magnum E2 platform aimed at next-generation AI and high-performance-computing applications. Rising demand for AI infrastructure could increase demand for Teradyne’s test systems and improve its exposure to the memory-market recovery. Teradyne Expands Memory Test Portfolio: Can It Beat KLAC & COHU?
- Positive Sentiment: Broad semiconductor-sector strength is lifting sentiment. Teradyne traded higher alongside MACOM, Texas Instruments, Semtech and Amkor, indicating continued investor interest in chipmakers and companies benefiting from AI and semiconductor capital spending. The report does not identify a separate Teradyne-specific announcement behind the move. MACOM, Texas Instruments, Semtech, Amkor, and Teradyne stocks trade up
- Neutral Sentiment: Robotics exposure remains an investment theme. Teradyne continues to appear on lists of robotics stocks to watch, reflecting interest in its industrial-automation and robotics businesses, but the article provides no new company-specific financial catalyst. Promising Robotics Stocks To Watch Today
- Negative Sentiment: Valuation creates downside risk. Analysts note that Teradyne’s AI-testing growth is impressive, but much of the expected expansion may already be reflected in the stock’s valuation. With a reported P/E ratio of about 61.6, any slowdown in AI or semiconductor demand could prompt profit-taking. Teradyne: AI Test Demand Is Exploding, But The Valuation Already Reflects A Lot Of Growth
Teradyne Stock Up 8.0%
Teradyne (NASDAQ:TER – Get Free Report) last announced its earnings results 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 net margin of 25.77% and a return on equity of 39.93%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company posted $0.57 EPS. The business’s quarterly revenue was up 103.9% on a year-over-year basis. As a group, equities analysts predict that Teradyne, Inc. will post 9.11 earnings per share for the current fiscal year.
Teradyne Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, September 4th. Teradyne’s payout ratio is 7.13%.
Insiders Place Their Bets
In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 108,495 shares of the company’s stock, valued at $36,652,865.85. This represents a 3.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on TER shares. The Goldman Sachs Group reissued a “buy” rating and issued a $465.00 price target on shares of Teradyne in a research note on Tuesday, July 28th. Wall Street Zen cut Teradyne from a “buy” rating to a “hold” rating in a research note on Monday. UBS Group upped their price objective on Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a report on Monday, July 20th. Morgan Stanley increased their target price on Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Finally, Bank of America raised their target price on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.
Check Out Our Latest Report on TER
About Teradyne
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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