Channing Capital Management LLC Raises Stake in Teradyne, Inc. $TER

Key Points

• Channing Capital Management LLC increased its ownership of Teradyne, Inc. by 4.6%, holding approximately 93,906 shares valued at $7.76 million as of the latest SEC filing.
• Wall Street analysts have mixed ratings on Teradyne, with one Strong Buy, ten Buy, five Hold, and two Sell ratings, and an average target price of $114.44.
• Teradyne recently reported $0.57 earnings per share, exceeding expectations, while also announcing a $1 billion share repurchase plan, indicative of the company's belief that its stock is currently undervalued.

Channing Capital Management LLC raised its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 4.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 93,906 shares of the company's stock after acquiring an additional 4,169 shares during the period. Channing Capital Management LLC owned approximately 0.06% of Teradyne worth $7,757,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TER. Berbice Capital Management LLC lifted its stake in shares of Teradyne by 200.0% in the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock worth $25,000 after acquiring an additional 200 shares during the period. Manchester Capital Management LLC lifted its stake in shares of Teradyne by 44.7% in the 1st quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock worth $37,000 after acquiring an additional 140 shares during the period. Brooklyn Investment Group lifted its stake in shares of Teradyne by 189.9% in the 1st quarter. Brooklyn Investment Group now owns 461 shares of the company's stock worth $38,000 after acquiring an additional 302 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of Teradyne in the 1st quarter worth $45,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of Teradyne by 319.0% in the 1st quarter. AdvisorNet Financial Inc now owns 595 shares of the company's stock worth $49,000 after acquiring an additional 453 shares during the period. Institutional investors and hedge funds own 99.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TER shares. The Goldman Sachs Group restated a "sell" rating and issued a $85.00 target price on shares of Teradyne in a research note on Wednesday, July 30th. Cowen restated a "buy" rating on shares of Teradyne in a research note on Wednesday, July 30th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $102.00 price objective (up previously from $88.00) on shares of Teradyne in a research note on Thursday, July 17th. 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 research note on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. One investment 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 issued a Sell rating to the company. According to data from MarketBeat, Teradyne has an average rating of "Moderate Buy" and an average target price of $114.44.

Teradyne Stock Performance

Teradyne stock opened at $109.52 on Thursday. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $144.16. The firm has a 50 day moving average price of $96.58 and a 200 day moving average price of $91.30. The company has a market cap of $17.42 billion, a price-to-earnings ratio of 37.90, a PEG ratio of 2.32 and a beta of 1.72.

Teradyne (NASDAQ:TER - Get Free Report) last released its 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. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The firm had revenue of $651.80 million during the quarter, compared to the consensus estimate of $649.02 million. During the same period in the previous year, the firm earned $0.86 earnings per share. Teradyne's revenue was down 10.7% compared to the same quarter last year. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. Sell-side analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne declared that its Board of Directors has authorized a share repurchase plan on Monday, April 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 8.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of Teradyne stock in a transaction that occurred 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 of the company's stock, valued at $10,281,258. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by company 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.

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