Cibc World Market Inc. Acquires 3,192 Shares of Teradyne, Inc. $TER

Key Points

• Cibc World Market Inc. increased its Teradyne stake by 7.7% in the fourth quarter, buying 3,192 more shares and bringing its total to 44,658 shares valued at about $8.64 million.
• Teradyne reported strong quarterly results, with EPS of $2.56 beating estimates and revenue of $1.28 billion topping expectations. Revenue jumped 87% year over year, and analysts now expect full-year EPS of 7.09.
• The company also raised its quarterly dividend to $0.13 per share from $0.12, while several analysts boosted price targets and ratings, including JPMorgan and Citigroup, signaling continued optimism around the stock.

Cibc World Market Inc. grew its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,658 shares of the company's stock after acquiring an additional 3,192 shares during the quarter. Cibc World Market Inc.'s holdings in Teradyne were worth $8,644,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TER. Norges Bank bought a new stake in shares of Teradyne during the 4th quarter valued at about $398,777,000. Wellington Management Group LLP raised its holdings in shares of Teradyne by 13,949.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company's stock valued at $280,357,000 after buying an additional 2,022,389 shares in the last quarter. Alkeon Capital Management LLC raised its holdings in shares of Teradyne by 48.6% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company's stock valued at $395,427,000 after buying an additional 940,000 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Teradyne by 3,233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company's stock valued at $176,144,000 after buying an additional 882,723 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in shares of Teradyne by 65.4% during the 2nd quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company's stock valued at $194,770,000 after buying an additional 856,540 shares in the last quarter. Institutional investors own 99.77% of the company's stock.

Teradyne Price Performance

Shares of Teradyne stock opened at $357.93 on Friday. The business's 50 day simple moving average is $356.27 and its two-hundred day simple moving average is $283.83. The stock has a market capitalization of $56.03 billion, a P/E ratio of 66.28, a price-to-earnings-growth ratio of 1.47 and a beta of 1.79. Teradyne, Inc. has a one year low of $82.90 and a one year high of $422.11.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, topping analysts' consensus estimates of $2.11 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The business's quarterly revenue was up 87.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. Sell-side analysts expect that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be paid a $0.13 dividend. This is an increase from Teradyne's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne's payout ratio is presently 9.63%.

Key Stories Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne is being highlighted as a beneficiary of surging AI-driven test and robotics demand, with one article noting that roughly 70% of sales are tied to AI-related activity across semiconductor test, product test, and robotics. That suggests improving growth visibility and a potential long-term tailwind for the business. Article Title
• Positive Sentiment: Zacks and other industry outlook pieces point to Teradyne as one of several electronics stocks set to benefit from investments in infrastructure and expanded capacity, reinforcing a favorable sector backdrop. Article Title
• Positive Sentiment: Another industry roundup highlighted Teradyne alongside KLA and Flex, signaling continued analyst attention on the company as a leader in semiconductor equipment and testing. Article Title
• Neutral Sentiment: A Q1 earnings comparison article reviewed Teradyne’s results versus peers, following its recent report that beat expectations and showed strong year-over-year revenue growth. This keeps focus on fundamentals, but the piece itself does not appear to add a new catalyst. Article Title
• Negative Sentiment: Teradyne was also caught in a broad chip-sector selloff tied to the AVGO earnings overhang and a stronger-than-expected jobs report, which pressured semiconductor names across the market and weighed on TER sentiment in the near term. Article Title

Analyst Ratings Changes

A number of equities analysts recently weighed in on TER shares. JPMorgan Chase & Co. raised Teradyne from a "neutral" rating to an "overweight" rating and set a $400.00 price objective on the stock in a report on Thursday, April 30th. Citigroup raised their price objective on Teradyne from $325.00 to $400.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Evercore set a $370.00 price objective on Teradyne in a report on Thursday, April 30th. Susquehanna raised their price objective on Teradyne from $335.00 to $415.00 and gave the company a "positive" rating in a report on Thursday, April 9th. Finally, Morgan Stanley set a $387.00 price objective on Teradyne in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $339.80.

Insiders Place Their Bets

In other Teradyne news, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the transaction, the vice president directly owned 7,665 shares of the company's stock, valued at $2,894,304. The trade was a 8.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of Teradyne stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the completion of the transaction, the insider directly owned 15,066 shares in the company, valued at $5,203,344.42. This trade represents a 6.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold 10,941 shares of company stock valued at $3,751,992 in the last ninety days. Company insiders own 0.19% of the company's stock.

Teradyne Company 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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