McKinney Capital Management LLC Purchases 8,357 Shares of Teradyne, Inc. $TER

McKinney Capital Management LLC purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 8,357 shares of the company’s stock, valued at approximately $3,350,000. Teradyne makes up 1.2% of McKinney Capital Management LLC’s holdings, making the stock its 14th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Teradyne in the 2nd quarter valued at about $9,404,408,000. Andar Capital Management HK Ltd acquired a new stake in shares of Teradyne during the second quarter valued at about $37,800,000. State Street Corp grew its stake in shares of Teradyne by 4.6% during the second quarter. State Street Corp now owns 7,290,460 shares of the company’s stock valued at $3,527,416,000 after acquiring an additional 320,034 shares in the last quarter. Aberdeen Group plc increased its position in shares of Teradyne by 3,714.7% during the third quarter. Aberdeen Group plc now owns 4,654,505 shares of the company’s stock worth $1,866,038,000 after acquiring an additional 4,532,489 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Teradyne by 5.0% during the second quarter. Van ECK Associates Corp now owns 2,607,914 shares of the company’s stock worth $1,261,813,000 after acquiring an additional 123,549 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $341.28, for a total transaction of $1,365,120.00. Following the sale, the chief executive officer directly owned 104,495 shares of the company’s stock, valued at approximately $35,662,053.60. This represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,000 shares of company stock worth $4,416,440 in the last three months. 0.19% of the stock is owned by insiders.

Top Teradyne Stories

Investors following TER have been watching these stories:

• Positive Sentiment: Demand for testing AI chips and memory, an expanding product portfolio, and strong revenue growth are cited as strengths in Teradyne’s competition with KLA and Cohu. Teradyne Benefits From Strong Test Demand
• Neutral Sentiment: Teradyne was among several semiconductor-related stocks reported to have fallen sharply, reflecting broader weakness across the group. Semiconductor shares fall
• Negative Sentiment: ARK’s flagship fund reportedly sold its remaining Teradyne shares, a potential source of negative investor sentiment, although another ARK fund still holds shares. ARK fund exits Teradyne

Teradyne Stock Performance

Shares of NASDAQ TER traded down $14.20 during trading on Friday, reaching $249.55. The stock had a trading volume of 3,075,457 shares, compared to its average volume of 4,477,403. Teradyne, Inc. has a one year low of $151.52 and a one year high of $487.91. The stock has a market cap of $38.96 billion, a PE ratio of 28.65, a P/E/G ratio of 0.52 and a beta of 1.73. The firm’s 50 day moving average price is $342.61 and its two-hundred day moving average price is $349.31.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.20. Teradyne had a return on equity of 43.81% and a net margin of 27.46%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company posted $0.85 EPS. The business’s revenue was up 69.8% compared to the same quarter last year. On average, research analysts expect that Teradyne, Inc. will post 9.41 earnings per share for the current year.

Teradyne Dividend Announcement

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

Wall Street Analyst Weigh In

TER has been the topic of several recent analyst reports. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 30th. Morgan Stanley increased their price target on Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Robert W. Baird lowered Teradyne from an “outperform” rating to a “neutral” rating and set a $420.00 price objective for the company. in a research note on Friday, August 21st. Wall Street Zen downgraded Teradyne from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $550.00 price objective on shares of Teradyne in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $397.73.

Teradyne Company Profile

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.