Andra AP fonden Sells 155,820 Shares of Teradyne, Inc. $TER

Andra AP fonden lessened its stake in Teradyne, Inc. (NASDAQ:TER) by 74.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 53,880 shares of the company’s stock after selling 155,820 shares during the period. Andra AP fonden’s holdings in Teradyne were worth $15,973,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TER. Wilkerson Advisory Group LLC acquired a new position in Teradyne in the first quarter valued at approximately $101,000. Andar Capital Management HK Ltd boosted its position in shares of Teradyne by 2.5% during the 1st quarter. Andar Capital Management HK Ltd now owns 37,000 shares of the company’s stock worth $10,969,000 after purchasing an additional 900 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Teradyne in the 1st quarter valued at about $210,000. Florida Financial Advisors LLC acquired a new stake in shares of Teradyne in the 1st quarter valued at about $845,000. Finally, Earned Wealth Advisors LLC bought a new stake in Teradyne in the 1st quarter valued at about $320,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the topic of several recent research reports. Stifel Nicolaus increased their price target on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Cantor Fitzgerald upped their target price on Teradyne from $400.00 to $550.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Weiss Ratings cut Teradyne from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Susquehanna boosted their price target on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Finally, UBS Group upped their price objective on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and a consensus price target of $394.53.

Teradyne News Summary

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.

Teradyne Stock Up 12.1%

Shares of NASDAQ:TER opened at $374.04 on Wednesday. The business’s 50 day moving average is $381.71 and its 200 day moving average is $330.32. Teradyne, Inc. has a 12-month low of $89.18 and a 12-month high of $487.91. The stock has a market cap of $58.55 billion, a price-to-earnings ratio of 69.27, a PEG ratio of 0.97 and a beta of 1.74.

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

Teradyne Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s payout ratio is 9.63%.

Insiders Place Their Bets

In other Teradyne news, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction on 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 approximately $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 8,597 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $338.98, for a total value of $2,914,211.06. Following the completion of the transaction, the chief executive officer owned 124,470 shares of the company’s stock, valued at $42,192,840.60. This trade represents a 6.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,941 shares of company stock valued at $5,444,112 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

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.