Envestnet Portfolio Solutions Inc. Sells 1,864 Shares of Teradyne, Inc. $TER

Envestnet Portfolio Solutions Inc. lessened its position in shares of Teradyne, Inc. (NASDAQ:TER) by 46.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,131 shares of the company’s stock after selling 1,864 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Teradyne were worth $412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mission Wealth Management LP increased its stake in Teradyne by 3.0% in the fourth quarter. Mission Wealth Management LP now owns 7,216 shares of the company’s stock valued at $1,397,000 after purchasing an additional 212 shares in the last quarter. Sapient Capital LLC increased its stake in Teradyne by 1.5% in the fourth quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock valued at $560,000 after purchasing an additional 43 shares in the last quarter. North Dakota State Investment Board bought a new stake in Teradyne in the fourth quarter valued at $1,068,000. May Hill Capital LLC bought a new stake in Teradyne in the fourth quarter valued at $212,000. Finally, Canada Post Corp Registered Pension Plan increased its stake in Teradyne by 26.7% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 3,990 shares of the company’s stock valued at $772,000 after purchasing an additional 840 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Key Stories Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne posted strong Q1 results, with EPS of $2.56 beating estimates and revenue of $1.28 billion topping expectations, while management said about 70% of revenue was tied to AI-related demand.
• Positive Sentiment: The company raised its quarterly dividend to $0.13 per share, signaling confidence in cash generation and returning more capital to shareholders.
• Neutral Sentiment: Wall Street sentiment remains constructive, with several analysts reiterating bullish ratings and a median price target above recent trading levels.
• Negative Sentiment: Investors appear focused on the sequential drop in Q2 revenue guidance versus Q1, which suggests a slowdown after an exceptionally strong quarter and may be prompting valuation compression.
• Negative Sentiment: Recent insider-sale filings, including sales by executive Shannon John Poulin, are adding to cautious sentiment even though the transactions were reportedly made under a pre-arranged 10b5-1 plan and for tax withholding.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Royal Bank Of Canada set a $270.00 price target on shares of Teradyne in a research note on Monday, February 2nd. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Stifel Nicolaus boosted their target price on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Robert W. Baird set a $350.00 target price on shares of Teradyne in a research report on Thursday, April 30th. Finally, UBS Group boosted their target price on shares of Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $339.80.

Insiders Place Their Bets

In other Teradyne news, insider Shannon John Poulin sold 656 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $355.00, for a total value of $232,880.00. Following the transaction, the insider directly owned 15,722 shares in the company, valued at $5,581,310. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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, CEO Gregory Stephen Smith sold 8,597 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the completion of the transaction, the chief executive officer owned 124,470 shares in the company, valued at approximately $42,192,840.60. The trade was a 6.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 10,941 shares of company stock valued at $3,751,992. Corporate insiders own 0.19% of the company’s stock.

Teradyne Stock Performance

Shares of TER stock opened at $375.83 on Thursday. Teradyne, Inc. has a 52-week low of $77.02 and a 52-week high of $422.11. The company has a 50-day simple moving average of $345.20 and a two-hundred day simple moving average of $274.34. The company has a market capitalization of $58.83 billion, a price-to-earnings ratio of 69.60, a PEG ratio of 1.60 and a beta of 1.79.

Teradyne (NASDAQ:TER) last issued 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm posted $0.75 EPS. The firm’s quarterly revenue was up 87.0% compared to the same quarter last year. On average, sell-side analysts forecast that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, May 21st. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s payout ratio is currently 9.63%.

Teradyne 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.