Allspring Global Investments Holdings LLC Decreases Stake in Teradyne, Inc. $TER

Allspring Global Investments Holdings LLC reduced its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 66.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,112,693 shares of the company’s stock after selling 2,193,092 shares during the period. Teradyne makes up approximately 0.6% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 26th biggest holding. Allspring Global Investments Holdings LLC’s holdings in Teradyne were worth $347,383,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TER. Norges Bank purchased a new position in Teradyne in the 4th quarter worth $398,777,000. Wellington Management Group LLP increased its holdings in shares of Teradyne by 13,949.4% in the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after purchasing an additional 2,022,389 shares during the period. Aspex Management HK Ltd purchased a new position in shares of Teradyne in the fourth quarter worth about $199,723,000. Corient Private Wealth LLC lifted its holdings in shares of Teradyne by 2,189.2% during the fourth quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock worth $208,254,000 after purchasing an additional 1,028,916 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Teradyne by 3,233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock worth $176,144,000 after purchasing an additional 882,723 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TER shares. Morgan Stanley set a $387.00 price target on shares of Teradyne in a report on Thursday, April 30th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Susquehanna upped their price objective on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. Weiss Ratings upgraded shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, Cantor Fitzgerald raised their target price on shares of Teradyne from $400.00 to $550.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and an average price target of $390.53.

Key Stories Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne is being viewed as a beneficiary of rising AI chip complexity, with its testing business increasingly tied to AI compute, photonics, robotics, and automotive semiconductors. That supports the bull case for stronger demand for advanced test equipment. Teradyne (TER) Is Rebuilding Around AI And More Demanding Chip Tests
• Positive Sentiment: Analysts are still leaning constructive ahead of the company’s next earnings report, with expectations for solid EPS growth and commentary that Teradyne could benefit from a recovery in several end markets. What to Expect From Teradyne’s Next Quarterly Earnings Report
• Neutral Sentiment: One article argues Teradyne looks expensive on near-term valuation metrics, but still attractive based on growth, with a bullish price target that implies meaningful upside if AI-related demand continues to scale. Teradyne Is Expensive At First Glance But Attractive On Growth
• Negative Sentiment: An insider sale has caught investor attention and may be contributing to some caution after the stock’s strong advance, even though insider selling does not necessarily change the business outlook. What This Teradyne Insider Sale Signals With Shares Up 250% And Earnings On Deck
• Negative Sentiment: Recent market commentary says TER fell while the broader market gained, suggesting some investors may be rotating out of the name ahead of earnings or taking profits after a large year-to-date move. Teradyne (TER) Stock Sinks As Market Gains: Here’s Why

Teradyne Trading Down 5.8%

Shares of NASDAQ:TER opened at $322.30 on Friday. Teradyne, Inc. has a 12-month low of $89.18 and a 12-month high of $487.91. The business has a 50 day moving average of $382.80 and a two-hundred day moving average of $327.20. The company has a market capitalization of $50.45 billion, a PE ratio of 59.69, a PEG ratio of 0.99 and a beta of 1.74.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business’s revenue was up 87.0% on a year-over-year basis. During the same quarter last year, the company earned $0.75 EPS. Equities research analysts predict that Teradyne, Inc. will post 7.2 earnings per share for the current fiscal year.

Teradyne Increases Dividend

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

Insider Activity

In related news, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the transaction, the chief executive officer owned 120,470 shares of the company’s stock, valued at $50,962,424.10. This represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 14,941 shares of company stock worth $5,444,112 over the last three months. 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.