Adage Capital Partners GP L.L.C. Cuts Stock Holdings in Teradyne, Inc. $TER

Key Points

• Adage Capital Partners GP L.L.C. has reduced its stake in Teradyne, Inc. by 2.3%, selling 3,500 shares and now holding around 0.09% of the company valued at approximately $12.27 million.
• Teradyne recently reported earnings of $0.57 per share, exceeding analysts' expectations, but experienced a revenue decline of 10.7% year-over-year.
• The company has announced a quarterly dividend of $0.12 per share payable on September 29th, reflecting an annualized yield of 0.4%.

Adage Capital Partners GP L.L.C. decreased its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 148,624 shares of the company's stock after selling 3,500 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.09% of Teradyne worth $12,276,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Berbice Capital Management LLC boosted its stake in Teradyne by 200.0% during the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock valued at $25,000 after purchasing an additional 200 shares during the last quarter. Manchester Capital Management LLC boosted its position in shares of Teradyne by 44.7% during the 1st quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock valued at $37,000 after acquiring an additional 140 shares during the last quarter. Brooklyn Investment Group boosted its position in shares of Teradyne by 189.9% during the 1st quarter. Brooklyn Investment Group now owns 461 shares of the company's stock valued at $38,000 after acquiring an additional 302 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of Teradyne during the 1st quarter valued at about $45,000. Finally, AdvisorNet Financial Inc increased its stake in Teradyne by 319.0% in the first quarter. AdvisorNet Financial Inc now owns 595 shares of the company's stock valued at $49,000 after acquiring an additional 453 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Performance

Shares of TER traded down $3.11 during mid-day trading on Thursday, reaching $114.71. The company had a trading volume of 2,132,091 shares, compared to its average volume of 3,491,675. The firm has a 50-day moving average price of $105.29 and a 200 day moving average price of $91.69. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $144.16. The company has a market capitalization of $18.25 billion, a price-to-earnings ratio of 39.68, a price-to-earnings-growth ratio of 2.42 and a beta of 1.80.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. The firm had revenue of $651.80 million for the quarter, compared to the consensus estimate of $649.02 million. Teradyne had a return on equity of 18.16% and a net margin of 16.59%.The company's quarterly revenue was down 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 earnings per share. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. As a group, research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 5th will be given a $0.12 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.48 annualized dividend and a yield of 0.4%. Teradyne's dividend payout ratio (DPR) is currently 16.61%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $102.00 target price (up previously from $88.00) on shares of Teradyne in a research note on Thursday, July 17th. Cantor Fitzgerald set a $105.00 target price on Teradyne and gave the company an "overweight" rating in a research note on Tuesday, June 24th. Wall Street Zen raised Teradyne from a "sell" rating to a "hold" rating in a research note on Monday, September 1st. The Goldman Sachs Group reaffirmed a "sell" rating and set a $85.00 price objective on shares of Teradyne in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus boosted their price objective on Teradyne from $85.00 to $100.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.44.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 554 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $106.00, for a total transaction of $58,724.00. Following the completion of the sale, the chief executive officer directly owned 96,993 shares of the company's stock, valued at approximately $10,281,258. This trade represents a 0.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is currently owned by insiders.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.