Hsbc Holdings PLC Increases Position in Teradyne, Inc. $TER

Key Points

• Hsbc Holdings PLC acquired an additional 57,424 shares of Teradyne, Inc., increasing its ownership to 537,582 shares, valued at approximately $44.3 million, representing a 12% increase in their position.
• Institutional investors now own 99.77% of Teradyne's stock, with significant increases in holdings reported by several investment firms in the first quarter.
• Teradyne's stock recently received a range of analyst ratings, with an average target price of $114.44, indicating a consensus view of a Moderate Buy.

Hsbc Holdings PLC increased its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 12.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 537,582 shares of the company's stock after acquiring an additional 57,424 shares during the period. Hsbc Holdings PLC owned approximately 0.34% of Teradyne worth $44,278,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Berbice Capital Management LLC grew its holdings in Teradyne by 200.0% during the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Manchester Capital Management LLC boosted its stake in Teradyne by 44.7% during the 1st quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock worth $37,000 after purchasing an additional 140 shares during the period. Brooklyn Investment Group increased its position in Teradyne by 189.9% in the 1st quarter. Brooklyn Investment Group now owns 461 shares of the company's stock valued at $38,000 after acquiring an additional 302 shares during the period. Sentry Investment Management LLC acquired a new position in Teradyne in the 1st quarter valued at about $45,000. Finally, AdvisorNet Financial Inc increased its position in Teradyne by 319.0% in the 1st quarter. AdvisorNet Financial Inc now owns 595 shares of the company's stock valued at $49,000 after acquiring an additional 453 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 554 shares of Teradyne stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $106.00, for a total transaction 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. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on TER. Wall Street Zen cut Teradyne from a "hold" rating to a "sell" rating in a research report on Sunday. Morgan Stanley upgraded Teradyne from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $74.00 to $100.00 in a report on Thursday, July 31st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $102.00 price target (up from $88.00) on shares of Teradyne in a research note on Thursday, July 17th. Cantor Fitzgerald set a $105.00 price target on Teradyne and gave the stock an "overweight" rating in a research note on Tuesday, June 24th. Finally, The Goldman Sachs Group reissued a "sell" rating and set a $85.00 price target on shares of Teradyne in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $114.44.

Teradyne Price Performance

NASDAQ TER traded up $1.8550 during mid-day trading on Monday, hitting $117.1550. The company's stock had a trading volume of 2,145,374 shares, compared to its average volume of 3,481,588. The stock's fifty day simple moving average is $97.69 and its two-hundred day simple moving average is $91.00. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $144.16. The firm has a market capitalization of $18.64 billion, a P/E ratio of 40.53, a price-to-earnings-growth ratio of 2.43 and a beta of 1.72.

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

Teradyne announced that its Board of Directors has initiated a share buyback program on Monday, April 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 8.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

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.