Aberdeen Group plc Purchases 4,532,489 Shares of Teradyne, Inc. $TER

Key Points

• Aberdeen Group sharply increased its Teradyne stake, buying 4.53 million shares in the third quarter. It now holds about 4.65 million shares, worth $1.87 billion and representing roughly 2.98% of Teradyne.
• Teradyne reported quarterly EPS of $2.29, beating the $2.09 consensus, while revenue of $1.31 billion topped estimates and rose 69.8% year over year.
• Shares opened at $249.55 after a reported 5.4% decline; analysts’ consensus rating was Moderate Buy, with an average price target of $397.73.

Aberdeen Group plc raised its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 3,714.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,654,505 shares of the company's stock after buying an additional 4,532,489 shares during the quarter. Teradyne comprises about 2.0% of Aberdeen Group plc's portfolio, making the stock its 10th biggest holding. Aberdeen Group plc owned about 2.98% of Teradyne worth $1,866,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of TER. Leeward Financial Partners LLC acquired a new position in Teradyne during the 2nd quarter worth $3,735,000. Legal & General Group Plc purchased a new stake in Teradyne during the 2nd quarter worth about $656,058,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in Teradyne during the 2nd quarter worth about $4,826,000. Handelsbanken Fonder AB raised its position in Teradyne by 2.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 127,990 shares of the company's stock valued at $61,927,000 after purchasing an additional 3,250 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in Teradyne by 147.2% in the 2nd quarter. Baird Financial Group Inc. now owns 53,029 shares of the company's stock valued at $25,658,000 after purchasing an additional 31,579 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Key Teradyne News

Investors following TER have been watching these news items:

• Positive Sentiment: Teradyne launched Omnyx Edge, a test platform for edge-AI systems, broadening its exposure to physical AI testing. Teradyne launches Omnyx Edge
• Positive Sentiment: Jefferies reportedly initiated coverage with a Buy rating and a $284 price target, offering a constructive analyst view. Jefferies Buy rating and target
• Neutral Sentiment: Teradyne was among several semiconductor-related stocks reported to have fallen sharply, reflecting broader weakness across the group. Semiconductor shares fall

Teradyne Trading Down 5.4%

Shares of TER opened at $249.55 on Friday. The firm has a market cap of $38.96 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 0.52 and a beta of 1.73. The company's 50 day simple moving average is $342.61 and its 200-day simple moving average is $349.31. Teradyne, Inc. has a 12-month low of $151.52 and a 12-month high of $487.91.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.20. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. Teradyne had a return on equity of 43.81% and a net margin of 27.46%. The business's revenue was up 69.8% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. As a group, equities research analysts forecast that Teradyne, Inc. will post 9.41 EPS for the current fiscal year.

Teradyne Dividend Announcement

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

Insider Activity at Teradyne

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

Wall Street Analyst Weigh In

TER has been the subject of a number of recent research reports. UBS Group decreased their price target on shares of Teradyne from $485.00 to $430.00 and set a "buy" rating for the company in a research note on Thursday, October 29th. Morgan Stanley lifted their price objective on shares of Teradyne from $387.00 to $397.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 30th. Wall Street Zen downgraded shares of Teradyne from a "buy" rating to a "hold" rating in a research note on Saturday, November 7th. The Goldman Sachs Group set a $440.00 target price on Teradyne in a report on Wednesday, October 28th. Finally, Evercore restated an "outperform" rating and issued a $420.00 price target on shares of Teradyne in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.

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