AQR Capital Management LLC Acquires 1,322,716 Shares of Teradyne, Inc. $TER

Key Points

• AQR Capital Management LLC significantly increased its stake in Teradyne, Inc. by 1,612.4%, now holding approximately 0.88% of the company worth $113.25 million.
• Teradyne is receiving positive ratings from several analysts, with UBS Group increasing its target price for the stock to $130.00 and the overall consensus rating being a "Moderate Buy".
• The company announced a quarterly dividend of $0.12 to be paid on September 29th, representing an annualized yield of 0.4%.

AQR Capital Management LLC grew its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 1,612.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,404,752 shares of the company's stock after purchasing an additional 1,322,716 shares during the quarter. AQR Capital Management LLC owned about 0.88% of Teradyne worth $113,251,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Berbice Capital Management LLC grew 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 acquiring an additional 200 shares in 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 worth $37,000 after purchasing an additional 140 shares during the period. 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 worth $38,000 after purchasing an additional 302 shares during the period. Sentry Investment Management LLC purchased a new position in shares of Teradyne during the 1st quarter worth approximately $45,000. Finally, AdvisorNet Financial Inc boosted its position in shares of Teradyne by 319.0% during the 1st quarter. AdvisorNet Financial Inc now owns 595 shares of the company's stock worth $49,000 after purchasing an additional 453 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $106.00, for a total transaction of $58,724.00. Following the transaction, the chief executive officer directly owned 96,993 shares in the company, valued at $10,281,258. This represents a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TER shares. Cantor Fitzgerald set a $105.00 target price on shares of Teradyne and gave the stock an "overweight" rating in a report on Tuesday, June 24th. Cowen reiterated a "buy" rating on shares of Teradyne in a report on Wednesday, July 30th. Stifel Nicolaus raised their price objective on shares of Teradyne from $85.00 to $100.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Morgan Stanley upgraded shares of Teradyne from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $74.00 to $100.00 in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a report on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $114.44.

Teradyne Stock Performance

TER stock traded down $1.30 during trading on Monday, reaching $118.90. 3,737,827 shares of the company were exchanged, compared to its average volume of 3,488,462. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $144.16. The company has a market cap of $18.91 billion, a P/E ratio of 41.14, a PEG ratio of 2.53 and a beta of 1.80. The stock's 50 day moving average price is $103.78 and its 200 day moving average price is $91.33.

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 the consensus estimate of $0.54 by $0.03. The company had revenue of $651.80 million for the quarter, compared to the consensus estimate of $649.02 million. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The company's revenue for the quarter was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. As a group, equities research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 5th will be paid a $0.12 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.4%. Teradyne's dividend payout ratio is 16.61%.

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.