Northern Trust Corp Cuts Position in Teradyne, Inc. $TER

Key Points

• Northern Trust Corp reduced its stake in Teradyne, Inc. by 1.3%, now owning 1,623,267 shares valued at approximately $134.08 million.
• Teradyne reported earnings per share of $0.57 in its latest quarter, surpassing estimates and generating revenues of $651.80 million.
• The company initiated a $1 billion share repurchase program, indicating management's belief that the stock is undervalued.

Northern Trust Corp lowered its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,623,267 shares of the company's stock after selling 20,945 shares during the quarter. Northern Trust Corp owned approximately 1.01% of Teradyne worth $134,082,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $106.00, for a total transaction of $58,724.00. Following the completion of the sale, the chief executive officer owned 96,993 shares in the company, valued at approximately $10,281,258. The trade was a 0.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is owned by insiders.

Teradyne Stock Performance

Shares of NASDAQ:TER traded up $1.54 during mid-day trading on Tuesday, reaching $118.61. 3,563,515 shares of the company's stock were exchanged, compared to its average volume of 3,491,565. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $144.16. The firm has a market capitalization of $18.87 billion, a price-to-earnings ratio of 41.04, a PEG ratio of 2.43 and a beta of 1.72. The business's fifty day moving average price is $98.28 and its 200-day moving average price is $91.03.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 18.16% and a net margin of 16.59%.Teradyne's revenue for the quarter was down 10.7% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. Analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne declared that its board has initiated a share buyback program on Monday, April 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 8.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Teradyne Dividend Announcement

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 (DPR) is currently 16.61%.

Analyst Ratings Changes

Several research analysts have commented on the stock. The Goldman Sachs Group restated a "sell" rating and set a $85.00 price objective on shares of Teradyne in a research report on Wednesday, July 30th. UBS Group reissued a "buy" rating and set a $130.00 price target (up previously from $120.00) on shares of Teradyne in a report on Thursday, July 31st. Cowen restated a "buy" rating on shares of Teradyne in a research report on Wednesday, July 30th. Cantor Fitzgerald set a $105.00 target price on Teradyne and gave the company an "overweight" rating in a research report on Tuesday, June 24th. Finally, Wall Street Zen downgraded Teradyne from a "hold" rating to a "sell" rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $114.44.

About Teradyne

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.