Empowered Funds LLC Purchases Shares of 44,660 Teradyne, Inc. $TER

Key Points

• Empowered Funds LLC acquired 44,660 Teradyne shares worth approximately $21.6 million, while institutional investors collectively own 99.77% of the company.
• Analysts maintain a bullish outlook, with a consensus “Moderate Buy” rating and an average price target of $396.80; targets from major firms range as high as $550.
• Teradyne reported strong quarterly results, with EPS of $2.47 and revenue of $1.33 billion, up 103.9% year over year. The company also declared a quarterly dividend of $0.13 per share.

Empowered Funds LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,660 shares of the company's stock, valued at approximately $21,608,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of Teradyne in the fourth quarter valued at about $28,000. Community Financial Services Group LLC bought a new stake in Teradyne during the second quarter worth about $29,000. McIlrath & Eck LLC acquired a new position in Teradyne during the first quarter valued at approximately $30,000. Elevation Wealth Partners LLC grew its stake in Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company's stock valued at $34,000 after purchasing an additional 66 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne during the 2nd quarter worth approximately $35,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TER. The Goldman Sachs Group restated a "buy" rating and set a $465.00 target price on shares of Teradyne in a report on Tuesday, July 28th. Citigroup upped their price objective on Teradyne from $325.00 to $400.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Zacks Research raised Teradyne from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 12th. Susquehanna upped their price objective on shares of Teradyne from $415.00 to $550.00 and gave the company a "positive" rating in a report on Tuesday, June 30th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $420.00 target price on shares of Teradyne in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $396.80.

Teradyne Stock Up 2.5%

NASDAQ TER opened at $372.06 on Friday. Teradyne, Inc. has a 12-month low of $109.56 and a 12-month high of $487.91. The firm has a 50-day moving average price of $382.03 and a two-hundred day moving average price of $356.93. The company has a market capitalization of $58.17 billion, a P/E ratio of 51.04, a P/E/G ratio of 0.73 and a beta of 1.78.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The company's quarterly revenue was up 103.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. Equities analysts expect that Teradyne, Inc. will post 9.1 EPS for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, September 4th. Teradyne's dividend payout ratio (DPR) is 7.13%.

More Teradyne News

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: AI is creating a longer-term growth opportunity. Teradyne’s testing platforms are benefiting from rising complexity in AI processors, high-bandwidth memory and photonics. AI-related revenue reportedly exceeds 60%, while management expects strong growth through 2026 and 2027. Teradyne: AI Is Turning Test Into A Structural Growth Market
• Positive Sentiment: Datacenter and memory demand are supporting Teradyne’s outlook. AI-driven datacenter investment, strong memory demand and strategic initiatives are strengthening the company’s competitive prospects relative to Cisco Systems and Vertiv. Strong Datacenter Growth Boosts TER's Prospects Against CSCO & VRT
• Positive Sentiment: Recent earnings and estimate revisions are supporting the rally. Teradyne’s latest quarter materially exceeded expectations, with earnings of $2.47 per share versus the $2.09 consensus and revenue of $1.33 billion versus $1.22 billion. Revenue more than doubled year over year, and upward earnings-estimate revisions are viewed as a potential near-term catalyst. Why Is Teradyne Up Since Last Earnings Report?
• Positive Sentiment: Analysts see additional upside. The consensus price target implies approximately 25% potential appreciation, although target prices alone have limited predictive value. Wall Street Analysts Believe Teradyne Could Rally
• Neutral Sentiment: Teradyne Robotics is escalating intellectual-property enforcement by suing another Chinese collaborative-robot manufacturer over alleged copycat products. The action could help protect Teradyne’s technology and market position, but litigation introduces uncertainty and potential costs. Teradyne Robotics Ramps Up Fight Against Cobot Copycats

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the sale, the chief executive officer owned 112,495 shares of the company's stock, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by 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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