Chapin Davis Inc. Sells 31,370 Shares of Teradyne, Inc. $TER

Key Points

• Chapin Davis Inc. sharply reduced its Teradyne position by selling 31,370 shares, leaving it with just 420 shares worth approximately $203,000. Institutional investors collectively own 99.77% of Teradyne.
• Wall Street maintains a generally positive outlook, with an average “Moderate Buy” rating and a consensus price target of $396.80. Analyst views range from Morgan Stanley’s “equal weight” to Cantor Fitzgerald’s $550 target and “overweight” rating.
• Teradyne reported strong quarterly results, posting $2.47 in EPS and $1.33 billion in revenue, both above estimates; revenue increased 103.9% year over year. The stock opened at $384.89, down 1.2%.

Chapin Davis Inc. cut its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 98.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 420 shares of the company's stock after selling 31,370 shares during the quarter. Chapin Davis Inc.'s holdings in Teradyne were worth $203,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Teradyne during the 4th quarter valued at about $28,000. McIlrath & Eck LLC purchased a new position in shares of Teradyne in the first quarter worth about $30,000. CYBER HORNET ETFs LLC purchased a new position in shares of Teradyne in the second quarter worth about $35,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Teradyne during the fourth quarter worth about $41,000. Finally, Hilltop National Bank acquired a new stake in shares of Teradyne during the second quarter worth about $41,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TER has been the topic of several research reports. Morgan Stanley increased their price target on shares of Teradyne from $387.00 to $397.00 and gave the stock an "equal weight" rating in a report on Thursday, July 30th. Cantor Fitzgerald restated an "overweight" rating and set a $550.00 price objective on shares of Teradyne in a research note on Wednesday, July 29th. Zacks Research raised shares of Teradyne from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 12th. Bank of America increased their price objective on shares of Teradyne from $365.00 to $525.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. Finally, Weiss Ratings cut shares of Teradyne from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Teradyne has an average rating of "Moderate Buy" and an average price target of $396.80.

Teradyne Stock Down 1.2%

Teradyne stock opened at $384.89 on Friday. The business's 50-day moving average price is $383.36 and its 200 day moving average price is $342.29. The firm has a market cap of $60.17 billion, a price-to-earnings ratio of 52.80, a price-to-earnings-growth ratio of 0.79 and a beta of 1.78. Teradyne, Inc. has a 52 week low of $104.58 and a 52 week high of $487.91.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The firm's quarterly revenue was up 103.9% compared to the same quarter last year. Teradyne has set its Q3 2026 guidance at 1.850-2.150 EPS. Equities analysts expect that Teradyne, Inc. will post 9.1 EPS for the current year.

Insiders Place Their Bets

In other news, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $345.37, for a total transaction of $348,132.96. Following the sale, the insider directly owned 15,066 shares of the company's stock, valued at $5,203,344.42. This represents a 6.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Stephen Smith sold 8,597 shares of the firm's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $338.98, for a total value of $2,914,211.06. Following the sale, the chief executive officer owned 124,470 shares in the company, valued at $42,192,840.60. This trade represents a 6.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 14,261 shares of company stock valued at $5,187,344 in the last ninety days. 0.19% of the stock is owned by corporate insiders.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company's product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.

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