14,783 Teradyne, Inc. $TER Shares Bought by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its Teradyne stake by 17.5% in the second quarter, purchasing 14,783 shares and bringing its holdings to 99,122 shares valued at approximately $48 million. Institutional investors collectively own 99.77% of the company.
• Teradyne reported a strong quarter, with revenue rising 103.9% year over year to $1.33 billion and EPS of $2.47, exceeding analyst expectations of $2.09. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $396.80.
• The stock opened at $398.38 and trades at a high valuation, with a P/E ratio of 54.65. CEO Gregory Smith sold 4,000 shares under a pre-arranged Rule 10b5-1 plan, while the company maintains a quarterly dividend of $0.13 per share.

Envestnet Asset Management Inc. raised its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 17.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,122 shares of the company's stock after buying an additional 14,783 shares during the quarter. Envestnet Asset Management Inc. owned about 0.06% of Teradyne worth $47,959,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Teradyne during the second quarter worth approximately $9,404,408,000. Andar Capital Management HK Ltd bought a new position in shares of Teradyne during the 2nd quarter valued at approximately $37,800,000. Norges Bank bought a new position in shares of Teradyne during the 4th quarter valued at approximately $398,777,000. Bank of America Corp DE purchased a new stake in Teradyne during the 2nd quarter valued at $842,822,000. Finally, Legal & General Group Plc purchased a new stake in Teradyne during the 2nd quarter valued at $656,058,000. Institutional investors own 99.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on TER. The Goldman Sachs Group reaffirmed a "buy" rating and set a $465.00 price objective on shares of Teradyne in a research note on Tuesday, July 28th. Evercore reissued an "outperform" rating and issued a $420.00 target price on shares of Teradyne in a research note on Thursday, July 30th. Bank of America raised their target price on shares of Teradyne from $365.00 to $525.00 and gave the stock a "buy" rating in a report on Tuesday, June 23rd. Susquehanna lifted their price target on shares of Teradyne from $415.00 to $550.00 and gave the stock a "positive" rating in a research note on Tuesday, June 30th. Finally, Wall Street Zen downgraded shares of Teradyne from a "buy" rating to a "hold" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $396.80.

Insider Buying and Selling

In other news, CEO Gregory Smith sold 4,000 shares of the firm's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $337.83, for a total transaction of $1,351,320.00. Following the transaction, the chief executive officer owned 108,495 shares in the company, valued at approximately $36,652,865.85. This trade represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by insiders.

Teradyne Price Performance

Shares of TER opened at $398.38 on Monday. The firm has a market capitalization of $62.28 billion, a price-to-earnings ratio of 54.65, a PEG ratio of 0.80 and a beta of 1.78. Teradyne, Inc. has a 1-year low of $131.40 and a 1-year high of $487.91. The company has a 50-day moving average of $369.70 and a 200 day moving average of $364.20.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm earned $0.57 EPS. The company's revenue for the quarter was up 103.9% compared to the same quarter last year. On average, equities analysts anticipate that Teradyne, Inc. will post 9.11 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, September 4th. Teradyne's dividend payout ratio (DPR) is presently 7.13%.

Teradyne News Roundup

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne’s second-quarter performance was substantially stronger than a year ago, with revenue up more than 100% year over year and earnings and sales exceeding analyst expectations. The results reinforce expectations for strong demand across semiconductor and data-center markets. Reflecting On Semiconductor Manufacturing Stocks’ Q2 Earnings: Teradyne
• Positive Sentiment: Teradyne is expanding its AI-focused test portfolio with the Iris 100 optical solution. The product targets growing demand for testing advanced chips and high-speed data-center components, potentially strengthening the company’s competitive position versus peers such as KLA and Cohu. Teradyne Strengthens AI Test Portfolio
• Neutral Sentiment: Analyst coverage places Teradyne’s consensus price target at approximately $396.80, suggesting limited near-term upside if the stock remains around current levels. The target is not a ratings change, but it may temper additional gains. Teradyne Consensus Price Target
• Neutral Sentiment: Teradyne was highlighted among robotics stocks to follow, keeping investor attention on automation and robotics exposure, although the report did not identify a specific new contract or financial catalyst. Robotics Stocks To Follow Today
• Negative Sentiment: The stock recently fell despite its strong quarterly results, indicating profit-taking, elevated expectations, or broader semiconductor-sector volatility. Teradyne’s high earnings multiple also leaves the shares vulnerable if AI-driven growth slows or guidance disappoints. Teradyne Stock Falls Despite Strong Q2 Results

Teradyne Company Profile

Teradyne, Inc NASDAQ: TER develops and supplies automated test equipment and industrial automation solutions. Its testing products are used by semiconductor, electronics, wireless, storage and other manufacturers to evaluate the performance and quality of components, devices and systems during production.

The company's semiconductor test business provides systems for testing logic, memory, analog and mixed-signal devices, along with related handlers and software. Teradyne also offers system and product test solutions for electronic equipment and wireless devices.

Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.