Andra AP fonden Boosts Holdings in Teradyne, Inc. $TER

Andra AP fonden increased its position in Teradyne, Inc. (NASDAQ:TER) by 18.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 63,760 shares of the company’s stock after buying an additional 9,880 shares during the period. Andra AP fonden’s holdings in Teradyne were worth $30,850,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Leeward Financial Partners LLC acquired a new stake in Teradyne in the second quarter valued at $3,735,000. Legal & General Group Plc acquired a new stake in shares of Teradyne in the second quarter valued at approximately $656,058,000. B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Teradyne during the second quarter valued at about $4,826,000. Handelsbanken Fonder AB lifted its position in Teradyne by 2.6% in the second quarter. Handelsbanken Fonder AB now owns 127,990 shares of the company’s stock worth $61,927,000 after purchasing an additional 3,250 shares during the period. Finally, Zweig DiMenna Associates LLC raised its holdings in shares of Teradyne by 10.0% in the 4th quarter. Zweig DiMenna Associates LLC now owns 80,629 shares of the company’s stock worth $15,607,000 after purchasing an additional 7,300 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Price Performance

Teradyne stock traded up $11.88 during mid-day trading on Tuesday, hitting $393.42. 772,896 shares of the company’s stock traded hands, compared to its average volume of 3,634,720. The stock has a market cap of $61.51 billion, a price-to-earnings ratio of 54.08, a P/E/G ratio of 0.75 and a beta of 1.78. The firm has a 50 day simple moving average of $365.02 and a two-hundred day simple moving average of $361.43. Teradyne, Inc. has a fifty-two week low of $128.59 and a fifty-two week high of $487.91.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.22 billion. During the same quarter last year, the firm earned $0.57 earnings per share. The company’s revenue was up 103.9% on a year-over-year basis. On average, research analysts anticipate that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, September 4th. This represents a $0.52 annualized dividend and a yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is currently 7.13%.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $337.83, for a total value of $1,351,320.00. Following the sale, the chief executive officer owned 108,495 shares in the company, valued at approximately $36,652,865.85. The trade was a 3.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 corporate insiders.

Key Teradyne News

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Strategic partnership expands AI-related opportunity: Teradyne and GS Microelectronics U.S. announced a multiyear partnership to establish a semiconductor test and evaluation center. The facility is intended to accelerate customer time-to-market for hyperscaler AI, automotive, silicon photonics and next-generation devices, potentially supporting future demand for Teradyne’s automated test equipment. GSME and Teradyne Announce Strategic Partnership
• Positive Sentiment: MicroLED test platform targets AI data centers: Teradyne introduced Iris 100, a production-ready optical test system for microLED devices used in optical data interconnects. The product positions the company to benefit from rising demand for higher-speed connectivity in AI data centers and broadens its semiconductor test portfolio. Teradyne Introduces Iris 100: Production-Proven Test System for MicroLED Devices
• Positive Sentiment: Recent earnings reinforced the bullish case: Teradyne’s latest quarterly results substantially exceeded expectations, with earnings of $2.47 per share versus a $2.09 consensus estimate and revenue of $1.33 billion versus $1.22 billion expected. Revenue increased 103.9% year over year, providing fundamental support for the stock’s advance.
• Positive Sentiment: Analyst sentiment improved: A Wall Street Zen rating upgrade following the strong earnings report added another positive signal for investors and helped reinforce momentum in the shares. Teradyne stock gains on MicroLED test launch and strong earnings

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TER shares. Weiss Ratings lowered Teradyne from a “buy (b)” rating to a “hold (c+)” rating in a research report on Thursday, September 3rd. UBS Group lifted their target price on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Wall Street Zen raised shares of Teradyne from a “hold” rating to a “buy” rating in a report on Sunday. Bank of America increased their price target on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Evercore reaffirmed an “outperform” rating and set a $420.00 price objective on shares of Teradyne in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

About Teradyne

Teradyne, Inc (NASDAQ: TER) develops and supplies automated test equipment and industrial automation solutions. Its testing products are used by semiconductor, electronics, wireless, storage and other manufacturers to evaluate the performance and quality of components, devices and systems during production.

The company’s semiconductor test business provides systems for testing logic, memory, analog and mixed-signal devices, along with related handlers and software. Teradyne also offers system and product test solutions for electronic equipment and wireless devices.