Ameriprise Financial Inc. Sells 51,647 Shares of Teradyne, Inc. $TER

Key Points

• Ameriprise Financial Inc. reduced its shareholding in Teradyne, Inc. by 1.1%, owning approximately 4.8 million shares valued at $394.6 million as of the recent quarter.
• Despite the decrease, several other institutional investors have significantly increased their stakes in Teradyne during the first quarter, indicating ongoing interest in the company.
• Teradyne's stock recently opened at $109.30, with a strong analyst consensus rating of "Moderate Buy" and a current forecasted earnings per share of 3.88 for the fiscal year.

Ameriprise Financial Inc. lowered its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 1.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,777,042 shares of the company's stock after selling 51,647 shares during the period. Ameriprise Financial Inc. owned approximately 2.98% of Teradyne worth $394,577,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC increased its position in shares of Teradyne by 29.8% during the 1st quarter. DAVENPORT & Co LLC now owns 5,094 shares of the company's stock valued at $421,000 after purchasing an additional 1,170 shares during the period. Park Avenue Securities LLC increased its position in shares of Teradyne by 56.0% during the 1st quarter. Park Avenue Securities LLC now owns 3,045 shares of the company's stock valued at $252,000 after purchasing an additional 1,093 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Teradyne by 6.4% during the 1st quarter. Crossmark Global Holdings Inc. now owns 4,328 shares of the company's stock valued at $357,000 after purchasing an additional 261 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Teradyne by 5.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 68,612 shares of the company's stock valued at $5,667,000 after purchasing an additional 3,589 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Teradyne by 306.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,661 shares of the company's stock valued at $3,111,000 after purchasing an additional 28,406 shares during the period. Institutional investors own 99.77% of the company's stock.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 554 shares of the firm's stock in a transaction dated 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 $10,281,258. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TER shares. Stifel Nicolaus lifted their target price on Teradyne from $85.00 to $100.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. UBS Group restated a "buy" rating and issued a $130.00 target price (up from $120.00) on shares of Teradyne in a report on Thursday, July 31st. Wall Street Zen cut Teradyne from a "hold" rating to a "sell" rating in a report on Sunday. Cowen restated a "buy" rating on shares of Teradyne in a report on Wednesday, July 30th. Finally, Susquehanna decreased their target price on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.44.

Teradyne Stock Up 2.3%

Shares of Teradyne stock traded up $2.71 during midday trading on Tuesday, hitting $119.78. The company's stock had a trading volume of 1,143,487 shares, compared to its average volume of 3,475,925. The firm has a market capitalization of $19.05 billion, a P/E ratio of 41.46, a PEG ratio of 2.43 and a beta of 1.72. The stock has a 50-day simple moving average of $98.28 and a 200-day simple moving average of $91.03. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $144.16.

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

Teradyne announced that its Board of Directors has authorized a share repurchase program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.4%. Teradyne's dividend payout ratio (DPR) is presently 16.61%.

About Teradyne

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.