Groupama Asset Managment Acquires Shares of 10,048 Teradyne, Inc. $TER

Key Points

• Groupama Asset Management has acquired 10,048 shares of Teradyne, Inc., valued at approximately $832,000, marking a significant investment in the company.
• Teradyne reported strong earnings exceeding analyst expectations, with a Q2 EPS of $0.57, surpassing the consensus estimate of $0.54.
• Teradyne's board has authorized a $1.00 billion share repurchase program, reflecting management's belief that the stock is undervalued.

Groupama Asset Managment purchased a new position in Teradyne, Inc. (NASDAQ:TER - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,048 shares of the company's stock, valued at approximately $832,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Snowden Capital Advisors LLC lifted its stake in Teradyne by 2.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company's stock worth $472,000 after acquiring an additional 103 shares during the period. HighTower Advisors LLC lifted its stake in Teradyne by 1.0% in the first quarter. HighTower Advisors LLC now owns 12,528 shares of the company's stock worth $1,035,000 after acquiring an additional 124 shares during the period. Manchester Capital Management LLC lifted its stake in Teradyne by 44.7% in the first 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. MassMutual Private Wealth & Trust FSB lifted its stake in Teradyne by 22.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 820 shares of the company's stock worth $68,000 after acquiring an additional 149 shares during the period. Finally, Heritage Family Offices LLP lifted its stake in Teradyne by 6.7% in the first quarter. Heritage Family Offices LLP now owns 2,568 shares of the company's stock worth $212,000 after acquiring an additional 161 shares during the period. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Trading Down 1.0%

NASDAQ TER opened at $109.52 on Thursday. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $144.16. The stock has a market cap of $17.42 billion, a P/E ratio of 37.90, a P/E/G ratio of 2.32 and a beta of 1.72. The stock's fifty day moving average price is $96.58 and its 200-day moving average price is $91.30.

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

Teradyne announced that its board has approved a share repurchase program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 554 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $106.00, for a total value of $58,724.00. Following the sale, the chief executive officer directly owned 96,993 shares of the company's stock, valued at approximately $10,281,258. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TER shares. Cowen reaffirmed a "buy" rating on shares of Teradyne in a research note on Wednesday, July 30th. Morgan Stanley upgraded Teradyne from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $74.00 to $100.00 in a report on Thursday, July 31st. Stifel Nicolaus increased their price objective on Teradyne from $85.00 to $100.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. UBS Group reiterated a "buy" rating and issued a $130.00 price objective (up previously from $120.00) on shares of Teradyne in a report on Thursday, July 31st. Finally, 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 report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $114.44.

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.

Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.