Teradyne, Inc. $TER Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its position in shares of Teradyne, Inc. (NASDAQ:TER) by 4.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,999 shares of the company’s stock after selling 1,804 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Teradyne were worth $16,838,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TER. BlackRock Inc. acquired a new stake in Teradyne in the second quarter worth $9,404,408,000. Andar Capital Management HK Ltd bought a new position in shares of Teradyne during the second quarter worth $37,800,000. Bank of America Corp DE bought a new position in shares of Teradyne during the second quarter worth $842,822,000. Legal & General Group Plc acquired a new position in shares of Teradyne in the 2nd quarter valued at $656,058,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Teradyne by 2,171.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,074,459 shares of the company’s stock valued at $430,761,000 after buying an additional 1,027,146 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TER shares. Morgan Stanley upped their price objective on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Robert W. Baird reiterated a “neutral” rating and set a $420.00 target price on shares of Teradyne in a report on Friday, August 21st. UBS Group boosted 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. Zacks Research downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $465.00 price target on shares of Teradyne in a research report on Tuesday, July 28th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

Key Teradyne News

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: UBS maintained a $485 price target for Teradyne, indicating continued confidence in the company’s long-term growth prospects and substantial potential upside from recent trading levels. UBS maintains USD 485.00 target for Teradyne stock
• Positive Sentiment: Teradyne was identified as one of several beaten-down growth stocks trading at value-like levels. The article highlights potential opportunities tied to robotics, artificial intelligence and advanced semiconductor testing, which could attract investors seeking discounted growth exposure. 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
• Neutral Sentiment: Teradyne’s third-quarter results are scheduled for October 27. Investors will likely focus on semiconductor test demand, robotics growth, margins and management’s outlook. The report may produce significant volatility because expectations are elevated following the company’s strong prior-quarter revenue and earnings performance. Teradyne earnings preview
• Neutral Sentiment: Reported October short interest was zero shares, implying no measurable bearish short positioning. However, the article’s reference to a “significant increase” conflicts with the reported figure, so the data may be incomplete or erroneous. Teradyne short interest data
• Negative Sentiment: The stock has pulled back despite strong growth, partly as investor cash has rotated toward mega-cap companies. That relative weakness may continue if Teradyne’s earnings or outlook fail to exceed already-strong expectations. Growth stock market rotation article

Teradyne Trading Up 0.0%

TER opened at $309.00 on Tuesday. The stock has a market capitalization of $48.31 billion, a P/E ratio of 42.39, a P/E/G ratio of 0.62 and a beta of 1.75. Teradyne, Inc. has a 12 month low of $144.11 and a 12 month high of $487.91. The firm’s fifty day simple moving average is $372.26 and its 200 day simple moving average is $346.76.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. The firm had revenue of $1.33 billion during 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 company’s revenue for the quarter was up 103.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. On average, equities research analysts predict that Teradyne, Inc. will post 9.11 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, September 4th. Teradyne’s payout ratio is 7.13%.

Insider Activity at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $341.28, for a total transaction of $1,365,120.00. Following the completion of the transaction, the chief executive officer directly owned 104,495 shares of the company’s stock, valued at $35,662,053.60. This represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,000 shares of company stock valued at $4,416,440 in the last 90 days. Insiders own 0.19% of the company’s stock.

About Teradyne

Teradyne, Inc develops and supplies automated test equipment and industrial automation products. Its systems help manufacturers test the functionality, performance, and reliability of semiconductor devices, electronic systems, wireless products, and other complex products throughout the production process.

The company’s product portfolio includes semiconductor test systems, memory and system-level test equipment, and solutions for printed circuit boards and electronic products. Teradyne also provides collaborative robots through Universal Robots and autonomous mobile robots through Mobile Industrial Robots (MiR), supporting applications such as assembly, material handling, machine tending, packaging, and warehouse logistics.

Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers worldwide, including semiconductor manufacturers, electronics producers, automotive companies, and industrial businesses.