ARK Investment Management LLC Has $195.50 Million Holdings in Teradyne, Inc. $TER

Key Points

• ARK Investment Management LLC has reduced its stake in Teradyne, Inc. by 3.1%, now holding approximately $195.5 million in shares which makes Teradyne its 19th largest holding.
• Institutional investors and hedge funds collectively own 99.77% of Teradyne's stock, with several firms significantly increasing their stakes in the company during the first quarter.
• Analysts have given Teradyne a consensus rating of "Moderate Buy", with the average price target set at $127.27.

ARK Investment Management LLC lessened its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 3.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,174,187 shares of the company's stock after selling 69,403 shares during the period. Teradyne comprises 1.4% of ARK Investment Management LLC's investment portfolio, making the stock its 19th largest holding. ARK Investment Management LLC owned about 1.36% of Teradyne worth $195,503,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. grew its stake in Teradyne by 188.8% during the 1st quarter. Federated Hermes Inc. now owns 2,105,852 shares of the company's stock valued at $173,943,000 after acquiring an additional 1,376,631 shares in the last quarter. AQR Capital Management LLC grew its stake in Teradyne by 1,612.4% during the 1st quarter. AQR Capital Management LLC now owns 1,404,752 shares of the company's stock valued at $113,251,000 after acquiring an additional 1,322,716 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Teradyne by 224.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,851,684 shares of the company's stock valued at $152,949,000 after acquiring an additional 1,280,120 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Teradyne by 26.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,118,297 shares of the company's stock valued at $286,634,000 after acquiring an additional 652,175 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Teradyne by 124.3% during the 1st quarter. American Century Companies Inc. now owns 1,120,250 shares of the company's stock valued at $92,533,000 after acquiring an additional 620,918 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Insider Activity

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the company's stock in a transaction on Friday, October 10th. The stock was sold at an average price of $145.24, for a total value of $160,925.92. Following the sale, the chief executive officer directly owned 94,777 shares in the company, valued at $13,765,411.48. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 3,324 shares of company stock worth $411,954 in the last quarter. Insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

TER has been the topic of several research analyst reports. Wall Street Zen raised Teradyne from a "sell" rating to a "hold" rating in a research note on Monday, September 1st. Northland Securities set a $161.00 target price on Teradyne in a research note on Tuesday, October 7th. Cowen reiterated a "buy" rating on shares of Teradyne in a report on Wednesday, July 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Teradyne in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group lifted their price target on Teradyne from $85.00 to $130.00 and gave the company a "sell" rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Teradyne presently has an average rating of "Moderate Buy" and a consensus price target of $127.27.

Teradyne Stock Up 3.0%

Shares of NASDAQ TER opened at $143.33 on Wednesday. The business's 50 day moving average is $125.99 and its two-hundred day moving average is $99.62. The company has a market cap of $22.80 billion, a P/E ratio of 49.60, a P/E/G ratio of 2.92 and a beta of 1.82. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $150.71.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly 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 company 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 revenue for the quarter was down 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 EPS. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. Sell-side analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 5th were given a dividend of $0.12 per share. The ex-dividend date was Friday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. Teradyne's payout ratio is currently 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.

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