Coastal Bridge Advisors LLC Purchases New Stake in Teradyne, Inc. $TER

Coastal Bridge Advisors LLC purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,633 shares of the company’s stock, valued at approximately $790,000.

Other institutional investors also recently bought and sold shares of the company. Community Financial Services Group LLC acquired a new stake in shares of Teradyne in the second quarter worth $29,000. Elevation Wealth Partners LLC raised its stake in shares of Teradyne by 1,320.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after acquiring an additional 66 shares during the period. Mcdonald Partners LLC acquired a new position in shares of Teradyne during the 2nd quarter valued at $36,000. Hilltop National Bank acquired a new position in shares of Teradyne during the 2nd quarter valued at $41,000. Finally, McIlrath & Eck LLC purchased a new stake in Teradyne during the 1st quarter worth $30,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TER shares. Citigroup increased their price target on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings upgraded Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. UBS Group increased their target price on Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, Bank of America raised their target price on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne Trading Up 2.5%

TER opened at $372.06 on Friday. The company has a fifty day simple moving average of $382.03 and a 200 day simple moving average of $356.93. The firm has a market cap of $58.17 billion, a price-to-earnings ratio of 51.04, a PEG ratio of 0.73 and a beta of 1.78. Teradyne, Inc. has a twelve month low of $109.56 and a twelve month high of $487.91.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm’s revenue was up 103.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. On average, analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne’s dividend payout ratio is currently 7.13%.

Teradyne News Summary

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: AI is creating a longer-term growth opportunity. Teradyne’s testing platforms are benefiting from rising complexity in AI processors, high-bandwidth memory and photonics. AI-related revenue reportedly exceeds 60%, while management expects strong growth through 2026 and 2027. Teradyne: AI Is Turning Test Into A Structural Growth Market
• Positive Sentiment: Datacenter and memory demand are supporting Teradyne’s outlook. AI-driven datacenter investment, strong memory demand and strategic initiatives are strengthening the company’s competitive prospects relative to Cisco Systems and Vertiv. Strong Datacenter Growth Boosts TER’s Prospects Against CSCO & VRT
• Positive Sentiment: Recent earnings and estimate revisions are supporting the rally. Teradyne’s latest quarter materially exceeded expectations, with earnings of $2.47 per share versus the $2.09 consensus and revenue of $1.33 billion versus $1.22 billion. Revenue more than doubled year over year, and upward earnings-estimate revisions are viewed as a potential near-term catalyst. Why Is Teradyne Up Since Last Earnings Report?
• Positive Sentiment: Analysts see additional upside. The consensus price target implies approximately 25% potential appreciation, although target prices alone have limited predictive value. Wall Street Analysts Believe Teradyne Could Rally
• Neutral Sentiment: Teradyne Robotics is escalating intellectual-property enforcement by suing another Chinese collaborative-robot manufacturer over alleged copycat products. The action could help protect Teradyne’s technology and market position, but litigation introduces uncertainty and potential costs. Teradyne Robotics Ramps Up Fight Against Cobot Copycats

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the chief executive officer owned 112,495 shares in the company, valued at $47,810,375. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed 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. Corporate insiders own 0.19% of the company’s stock.

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.