Andra AP fonden Raises Stock Holdings in Teradyne, Inc. $TER

Key Points

• Andra AP fonden increased its Teradyne stake by 18.3% in the second quarter to 63,760 shares valued at $30.85 million. Institutional investors collectively own 99.77% of the company.
• Teradyne reported strong quarterly results, with EPS of $2.47 versus $2.09 expected and revenue of $1.33 billion versus $1.22 billion expected; revenue surged 103.9% year over year.
• The stock recently rose 3.1% to $393.42, while analysts maintain a “Moderate Buy” consensus with an average price target of $396.80. Teradyne also declared a quarterly dividend of $0.13 per share.

Andra AP fonden raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 18.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,760 shares of the company's stock after acquiring an additional 9,880 shares during the period. Andra AP fonden's holdings in Teradyne were worth $30,850,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Carolina Wealth Advisors LLC increased its stake in shares of Teradyne by 42.5% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company's stock valued at $55,000 after purchasing an additional 34 shares in the last quarter. Vestor Capital LLC increased its position in shares of Teradyne by 15.4% during the 1st quarter. Vestor Capital LLC now owns 285 shares of the company's stock worth $85,000 after purchasing an additional 38 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its position in Teradyne by 5.8% in the second quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company's stock valued at $352,000 after purchasing an additional 40 shares during the period. Whittier Trust Co. lifted its position in shares of Teradyne by 5.5% during the first quarter. Whittier Trust Co. now owns 827 shares of the company's stock worth $261,000 after purchasing an additional 43 shares in the last quarter. Finally, Contravisory Investment Management Inc. grew 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 acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Stock Up 3.1%

NASDAQ:TER traded up $11.88 during mid-day trading on Tuesday, reaching $393.42. 772,896 shares of the stock were exchanged, compared to its average volume of 3,634,720. The company has a 50 day simple moving average of $365.02 and a 200-day simple moving average of $361.43. The stock has a market capitalization of $61.51 billion, a P/E ratio of 54.08, a P/E/G ratio of 0.75 and a beta of 1.78. Teradyne, Inc. has a 1 year low of $128.59 and a 1 year high of $487.91.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.09 by $0.38. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm's revenue for the quarter was up 103.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. As a group, research analysts predict that Teradyne, Inc. will post 9.1 EPS for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 4th. Teradyne's dividend payout ratio is presently 7.13%.

Key Teradyne News

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Strategic partnership expands AI-related opportunity: Teradyne and GS Microelectronics U.S. announced a multiyear partnership to establish a semiconductor test and evaluation center. The facility is intended to accelerate customer time-to-market for hyperscaler AI, automotive, silicon photonics and next-generation devices, potentially supporting future demand for Teradyne’s automated test equipment. GSME and Teradyne Announce Strategic Partnership
• Positive Sentiment: MicroLED test platform targets AI data centers: Teradyne introduced Iris 100, a production-ready optical test system for microLED devices used in optical data interconnects. The product positions the company to benefit from rising demand for higher-speed connectivity in AI data centers and broadens its semiconductor test portfolio. Teradyne Introduces Iris 100: Production-Proven Test System for MicroLED Devices
• Positive Sentiment: Recent earnings reinforced the bullish case: Teradyne’s latest quarterly results substantially exceeded expectations, with earnings of $2.47 per share versus a $2.09 consensus estimate and revenue of $1.33 billion versus $1.22 billion expected. Revenue increased 103.9% year over year, providing fundamental support for the stock’s advance.
• Positive Sentiment: Analyst sentiment improved: A Wall Street Zen rating upgrade following the strong earnings report added another positive signal for investors and helped reinforce momentum in the shares. Teradyne stock gains on MicroLED test launch and strong earnings

Insiders Place Their Bets

In related 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 $36,652,865.85. This trade represents a 3.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TER shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $550.00 target price on shares of Teradyne in a report on Wednesday, July 29th. Morgan Stanley increased their price target on Teradyne from $387.00 to $397.00 and gave the company an "equal weight" rating in a research report on Thursday, July 30th. Evercore reiterated an "outperform" rating and issued a $420.00 price objective on shares of Teradyne in a research note on Thursday, July 30th. Susquehanna increased their target price on Teradyne from $415.00 to $550.00 and gave the company a "positive" rating in a report on Tuesday, June 30th. Finally, Bank of America increased their price target on shares of Teradyne from $365.00 to $525.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $396.80.

About Teradyne

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.

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