Pinkerton Wealth LLC Purchases New Position in Teradyne, Inc. $TER

Pinkerton Wealth LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,748 shares of the company’s stock, valued at approximately $3,822,000.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Teradyne by 2.1% in the third quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock valued at $2,947,935,000 after purchasing an additional 444,940 shares during the period. State Street Corp increased its stake in Teradyne by 0.3% in the third quarter. State Street Corp now owns 7,017,649 shares of the company’s stock valued at $965,909,000 after purchasing an additional 24,154 shares during the period. Ameriprise Financial Inc. increased its stake in Teradyne by 6.8% in the third quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company’s stock valued at $723,600,000 after purchasing an additional 336,757 shares during the period. Invesco Ltd. increased its stake in Teradyne by 3.5% in the third quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock valued at $407,322,000 after purchasing an additional 99,864 shares during the period. Finally, Alkeon Capital Management LLC increased its stake in Teradyne by 48.6% in the third quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock valued at $395,427,000 after purchasing an additional 940,000 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Teradyne news, VP Ryan Driscoll sold 680 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the transaction, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 8,597 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the completion of the sale, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at $42,192,840.60. The trade was a 6.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

Teradyne Price Performance

Shares of NASDAQ TER opened at $344.34 on Thursday. Teradyne, Inc. has a 12-month low of $75.99 and a 12-month high of $422.11. The company has a market capitalization of $53.90 billion, a PE ratio of 63.77, a price-to-earnings-growth ratio of 1.32 and a beta of 1.79. The firm’s 50-day moving average is $337.98 and its two-hundred day moving average is $267.84.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company’s revenue for the quarter was up 87.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 earnings per share. On average, analysts forecast that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.13 per share. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, May 21st. Teradyne’s payout ratio is 9.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Citigroup lifted their price objective on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Bank of America lifted their price objective on shares of Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald boosted their price target on shares of Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

Key Stories Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne reported that UltraFLEXplus shipments have more than doubled over the past nine months, signaling accelerating demand for chip-testing equipment tied to AI infrastructure. Teradyne Rides on Strong UltraFLEXplus Demand: More Upside Ahead?
• Positive Sentiment: Investors are also reacting to continued optimism around Teradyne’s post-earnings rebound, with the company’s AI, memory, and advanced test opportunities supporting the case for further upside. Teradyne jumps 6.1% as investors extend post-earnings rebound amid AI test optimism
• Positive Sentiment: Recent analyst commentary has been constructive, with firms reiterating or raising bullish ratings and price targets, which can support sentiment and keep buyers interested in the stock. Teradyne Rides on Strong UltraFLEXplus Demand: More Upside Ahead?

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.