7,608 Shares in Teradyne, Inc. $TER Bought by Bell Asset Management Ltd

Key Points

• Bell Asset Management initiated a Teradyne position by purchasing 7,608 shares worth approximately $3.05 million, making TER its 19th-largest holding and representing about 1.1% of its portfolio.
• Teradyne reported strong quarterly results, with EPS of $2.47 beating estimates by $0.38 and revenue rising 103.9% year over year to $1.33 billion. Institutional investors own 99.77% of the company.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $396.80, though the stock’s elevated valuation and recent selling pressure remain considerations.

Bell Asset Management Ltd bought a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,608 shares of the company's stock, valued at approximately $3,050,000. Teradyne comprises about 1.1% of Bell Asset Management Ltd's portfolio, making the stock its 19th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Carolina Wealth Advisors LLC boosted its position in shares of Teradyne by 42.5% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company's stock worth $55,000 after purchasing an additional 34 shares in the last quarter. Vestor Capital LLC grew its stake in Teradyne by 15.4% during the first quarter. Vestor Capital LLC now owns 285 shares of the company's stock valued at $85,000 after acquiring an additional 38 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in shares of Teradyne by 5.8% during the second quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company's stock worth $352,000 after purchasing an additional 40 shares in the last quarter. Whittier Trust Co. boosted its position in Teradyne by 5.5% during the first quarter. Whittier Trust Co. now owns 827 shares of the company's stock valued at $261,000 after buying an additional 43 shares during the period. Finally, Contravisory Investment Management Inc. increased its stake in shares of Teradyne by 1.0% in the second quarter. Contravisory Investment Management Inc. now owns 4,661 shares of the company's stock worth $2,255,000 after buying an additional 44 shares during the period. Institutional investors own 99.77% of the company's stock.

Teradyne Price Performance

Shares of TER stock opened at $398.72 on Friday. Teradyne, Inc. has a 12 month low of $131.75 and a 12 month high of $487.91. The company has a market capitalization of $62.34 billion, a PE ratio of 54.69, a price-to-earnings-growth ratio of 0.83 and a beta of 1.75. The firm's 50-day moving average is $381.97 and its two-hundred day moving average is $371.87.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm's revenue for the quarter was up 103.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. Sell-side analysts forecast that Teradyne, Inc. will post 9.11 EPS for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were given a dividend of $0.13 per share. The ex-dividend date was Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. Teradyne's payout ratio is 7.13%.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of Teradyne stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $337.83, for a total value of $1,351,320.00. Following the transaction, the chief executive officer directly owned 108,495 shares in the company, valued at approximately $36,652,865.85. The trade was a 3.56% decrease in their ownership of the stock. 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. Corporate insiders own 0.19% of the company's stock.

More Teradyne News

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Analyst upgrade: Weiss upgraded Teradyne from Hold to Buy, providing a favorable signal for investor sentiment and suggesting increased confidence in the company’s growth outlook. Weiss upgrades Teradyne stock from Hold to Buy
• Positive Sentiment: AI infrastructure opportunity: Teradyne announced a collaboration and investment in Bright Machines to combine its semiconductor test systems with software-defined factory automation for AI data-center hardware assembly and verification. The partnership could expand Teradyne’s role in AI infrastructure manufacturing. What Does Teradyne Mean For AI Infrastructure Manufacturing Now?
• Positive Sentiment: New product launches: Teradyne introduced the Titan HP platform with advanced burn-in capabilities for testing high-reliability AI data-center and automotive power devices. Its Magnum E2 platform also targets advanced DRAM and high-speed NAND flash testing, potentially supporting semiconductor-related growth. Teradyne Introduces Titan HP Platform
• Positive Sentiment: Robotics litigation resolved: Teradyne Robotics and Elite Robots settled a cobot dispute, removing a legal overhang, although the financial impact was not disclosed. Teradyne Robotics and Elite Robots settle cobot dispute
• Neutral Sentiment: Earnings ahead: Analysts expect strong triple-digit year-over-year EPS growth in the forthcoming third-quarter report. However, the results and management’s outlook must justify high expectations before the stock can regain momentum. What You Need to Know Ahead of Teradyne’s Earnings Release
• Negative Sentiment: Recent selling pressure: Teradyne underperformed competitors and declined alongside several semiconductor and technology stocks. Reports also cited a pre-earnings pullback, reflecting profit-taking and caution ahead of results. Technology Stocks Trade Down
• Negative Sentiment: Investor concerns and insider-style signaling: One research report expressed reservations about Teradyne despite strong AI demand, while Cathie Wood’s reported sale of Teradyne shares may have added to sentiment pressure. Leading Signal Report on Teradyne

Wall Street Analyst Weigh In

TER has been the subject of several research analyst reports. Bank of America raised their price objective on shares of Teradyne from $365.00 to $525.00 and gave the stock a "buy" rating in a report on Tuesday, June 23rd. Robert W. Baird reissued a "neutral" rating and set a $420.00 price objective on shares of Teradyne in a research report on Friday, August 21st. Weiss Ratings upgraded Teradyne from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, September 29th. Cantor Fitzgerald restated an "overweight" rating and set a $550.00 price objective on shares of Teradyne in a report on Wednesday, July 29th. Finally, Zacks Research downgraded shares of Teradyne from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $396.80.

Teradyne Company Profile

Teradyne, Inc is a global provider of automated test equipment and industrial automation solutions. Founded in 1960 and headquartered in North Reading, Massachusetts, the company develops systems that help manufacturers test the performance, quality, and reliability of electronic products and components.

Teradyne's products include semiconductor test systems used to evaluate integrated circuits, memory devices, and other semiconductor components. The company also provides test solutions for wireless products, storage systems, and complex electronic systems, along with related software, services, and support.

Through its Industrial Automation segment, Teradyne offers collaborative robots from Universal Robots, autonomous mobile robots from Mobile Industrial Robots, and robotic arms and systems for manufacturing and other industrial applications.

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