Comerica Bank Raises Stake in Teradyne, Inc. $TER

Key Points

• Comerica Bank increased its stake in Teradyne, Inc. by 36.8%, acquiring an additional 19,917 shares to bring its total holdings to 74,036 shares worth approximately $6.115 million.
• Teradyne recently reported earnings per share (EPS) of $0.57 for the last quarter, exceeding analyst expectations, although revenue dropped 10.7% year-over-year.
• The company has declared a quarterly dividend of $0.12 per share, with the payment date set for September 29th, representing an annual yield of 0.4%.

Comerica Bank grew its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 36.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,036 shares of the company's stock after purchasing an additional 19,917 shares during the period. Comerica Bank's holdings in Teradyne were worth $6,115,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its position in Teradyne by 29.8% during the 1st quarter. DAVENPORT & Co LLC now owns 5,094 shares of the company's stock worth $421,000 after buying an additional 1,170 shares during the period. Park Avenue Securities LLC boosted its position in Teradyne by 56.0% during the 1st quarter. Park Avenue Securities LLC now owns 3,045 shares of the company's stock worth $252,000 after buying an additional 1,093 shares during the period. Crossmark Global Holdings Inc. boosted its position in Teradyne by 6.4% during the 1st quarter. Crossmark Global Holdings Inc. now owns 4,328 shares of the company's stock worth $357,000 after buying an additional 261 shares during the period. Asset Management One Co. Ltd. boosted its position in Teradyne by 5.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 68,612 shares of the company's stock worth $5,667,000 after buying an additional 3,589 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Teradyne by 306.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,661 shares of the company's stock worth $3,111,000 after buying an additional 28,406 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Up 1.2%

TER stock traded up $1.36 during midday trading on Tuesday, reaching $119.60. 1,630,561 shares of the company's stock traded hands, compared to its average volume of 3,477,881. The company has a market cap of $19.02 billion, a price-to-earnings ratio of 41.18, a P/E/G ratio of 2.49 and a beta of 1.80. The firm's fifty day moving average price is $101.42 and its 200-day moving average price is $91.21. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $144.16.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. The business had revenue of $651.80 million during the quarter, compared to analyst estimates of $649.02 million. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. Teradyne's quarterly revenue was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 EPS. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. Analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

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 presently 16.61%.

Analysts Set New Price Targets

Several equities research analysts recently commented on TER shares. Stifel Nicolaus lifted their target price on shares of Teradyne from $85.00 to $100.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research report on Monday. Cantor Fitzgerald set a $105.00 price target on shares of Teradyne and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. Cowen restated a "buy" rating on shares of Teradyne in a research report on Wednesday, July 30th. Finally, UBS Group restated a "buy" rating and issued a $130.00 price target (up previously from $120.00) on shares of Teradyne in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.44.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 554 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $106.00, for a total value of $58,724.00. Following the completion of the sale, the chief executive officer 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 hyperlink. 0.16% of the stock is currently owned by 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.