Teradyne, Inc. $TER Shares Sold by Verus Capital Partners LLC

Verus Capital Partners LLC trimmed its position in Teradyne, Inc. (NASDAQ:TER) by 87.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 590 shares of the company’s stock after selling 4,295 shares during the quarter. Verus Capital Partners LLC’s holdings in Teradyne were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Community Financial Services Group LLC bought a new position in Teradyne in the second quarter worth approximately $29,000. Next Level Wealth Planning LLC bought a new stake in shares of Teradyne during the third quarter valued at approximately $27,000. Elevation Wealth Partners LLC raised its position in shares of Teradyne by 1,320.0% during the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after purchasing an additional 66 shares during the period. Mcdonald Partners LLC acquired a new position in shares of Teradyne during the second quarter worth approximately $36,000. Finally, Hilltop National Bank acquired a new position in shares of Teradyne during the second quarter worth approximately $41,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Performance

Shares of TER stock opened at $245.40 on Wednesday. The company has a market capitalization of $38.31 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 0.48 and a beta of 1.73. Teradyne, Inc. has a 52-week low of $151.52 and a 52-week high of $487.91. The company has a 50-day simple moving average of $347.34 and a two-hundred day simple moving average of $348.91.

Teradyne (NASDAQ:TER) last posted its earnings results on Tuesday, October 27th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.09 by $0.20. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Teradyne had a net margin of 27.46% and a return on equity of 43.81%. The company’s quarterly revenue was up 69.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. On average, sell-side analysts forecast that Teradyne, Inc. will post 9.41 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Monday, November 23rd will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $0.52 annualized dividend and a yield of 0.2%. Teradyne’s payout ratio is currently 5.97%.

Trending Headlines about Teradyne

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne introduced Omnyx Edge, an inline board-test platform for the compute, sensing, and motion boards used in physical and edge AI. The launch could expand the company’s opportunities as AI applications move beyond data centers; a market report linked the product debut to a rise in the shares. Teradyne Introduces Omnyx Edge, Inline Board Test for Physical and Edge AI
• Positive Sentiment: Zacks upgraded TER to Rank #1 (Strong Buy), citing improving earnings prospects. The upgrade may support sentiment around the company’s outlook. Teradyne Upgraded to Strong Buy
• Neutral Sentiment: Teradyne declared a quarterly cash dividend of $0.13 per share, payable December 16 to shareholders of record November 23. The annualized yield is about 0.2%, so the payout provides a small return but is unlikely to be a major stock catalyst. Teradyne Declares Quarterly Cash Dividend

Insider Activity at Teradyne

In related news, CEO Gregory Smith sold 4,000 shares of Teradyne stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $341.28, for a total value of $1,365,120.00. Following the sale, the chief executive officer owned 104,495 shares of the company’s stock, valued at approximately $35,662,053.60. The trade was a 3.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 12,000 shares of company stock valued at $4,416,440. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TER. Evercore reissued an “outperform” rating and issued a $420.00 price target on shares of Teradyne in a research report on Thursday, July 30th. UBS Group lowered their price objective on shares of Teradyne from $485.00 to $430.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 30th. Wall Street Zen cut shares of Teradyne from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $550.00 target price on shares of Teradyne in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and a consensus price target of $405.86.

About Teradyne

Teradyne, Inc. develops and supplies automated test equipment and robotics used by manufacturers around the world. Its test systems help customers evaluate the performance and reliability of semiconductor devices, electronic products, wireless components and storage products. The company’s offerings include semiconductor test systems, system-level test equipment and wireless test solutions. Teradyne also serves industrial automation markets through Universal Robots, which makes collaborative robots, and Mobile Industrial Robots, which develops autonomous mobile robots for moving materials in factories and other facilities.