Pacer Advisors Inc. Has $2.61 Million Position in Teradyne, Inc. $TER

Key Points

• Pacer Advisors Inc. cut its Teradyne stake by 44.3% in the fourth quarter, ending with 13,471 shares valued at about $2.61 million.
• Teradyne beat earnings expectations in its latest quarter, posting $2.56 EPS versus $2.11 expected and $1.28 billion in revenue versus $1.20 billion expected, with revenue up 87% year over year.
• Analysts remain upbeat on the stock, with multiple firms raising price targets and Teradyne maintaining a consensus Moderate Buy rating and average target price of $363.87.

Pacer Advisors Inc. decreased its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 44.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,471 shares of the company's stock after selling 10,704 shares during the quarter. Pacer Advisors Inc.'s holdings in Teradyne were worth $2,607,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TER. UMB Bank n.a. increased its stake in shares of Teradyne by 1.8% in the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company's stock valued at $444,000 after buying an additional 40 shares in the last quarter. Stephens Inc. AR lifted its position in Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company's stock worth $645,000 after buying an additional 41 shares in the last quarter. Sapient Capital LLC grew its holdings in Teradyne by 1.5% during the 4th quarter. Sapient Capital LLC now owns 2,849 shares of the company's stock worth $560,000 after acquiring an additional 43 shares during the last quarter. Truvestments Capital LLC increased its position in Teradyne by 3.8% in the 4th quarter. Truvestments Capital LLC now owns 1,440 shares of the company's stock valued at $279,000 after acquiring an additional 53 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Teradyne by 2.1% in the 4th quarter. IFP Advisors Inc now owns 2,731 shares of the company's stock valued at $529,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Trading Down 8.1%

NASDAQ:TER opened at $420.12 on Wednesday. Teradyne, Inc. has a 1 year low of $88.60 and a 1 year high of $459.19. The stock has a market cap of $65.77 billion, a price-to-earnings ratio of 77.80, a PEG ratio of 1.88 and a beta of 1.79. The stock has a 50-day moving average price of $377.39 and a two-hundred day moving average price of $304.32.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating analysts' consensus estimates of $2.11 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business's revenue was up 87.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Sell-side analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, May 21st. This is a positive change from Teradyne's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne's dividend payout ratio is presently 9.63%.

Key Stories Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Bank of America raised its price target on Teradyne to $525 from $365 and reiterated a Buy rating, signaling stronger upside expectations for the semiconductor test and automation company.
• Positive Sentiment: Robert W. Baird also boosted its price target on Teradyne to $446 from $350 and kept an Outperform rating, adding to analyst optimism around the shares.
• Positive Sentiment: Teradyne Robotics announced a collaboration with Vention to create a digital twin platform for Universal Robots cells, which could support its automation and robotics growth story.
• Neutral Sentiment: A recent report noted Teradyne has been trading with elevated volume and has already run well above its longer-term moving averages, suggesting the stock may be sensitive to profit-taking and broader market swings.
• Negative Sentiment: Despite the positive analyst actions, TER still declined more than the general market in the latest session, indicating investors are currently prioritizing risk-off sentiment or locking in gains.

Insiders Place Their Bets

In other news, insider Shannon John Poulin sold 656 shares of the company's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $355.00, for a total value of $232,880.00. Following the sale, the insider directly owned 15,722 shares of the company's stock, valued at approximately $5,581,310. This represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Ryan Driscoll sold 680 shares of the firm's stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the sale, the vice president directly owned 7,665 shares of the company's stock, valued at approximately $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 14,941 shares of company stock valued at $5,444,112. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TER. Susquehanna boosted their price objective on shares of Teradyne from $335.00 to $415.00 and gave the stock a "positive" rating in a research report on Thursday, April 9th. The Goldman Sachs Group increased their price objective on Teradyne from $300.00 to $350.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Zacks Research raised Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 12th. Cantor Fitzgerald boosted their target price on Teradyne from $330.00 to $400.00 and gave the stock an "overweight" rating in a research report on Thursday, April 9th. Finally, Morgan Stanley set a $387.00 price target on Teradyne in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Teradyne currently has a consensus rating of "Moderate Buy" and a consensus target price of $363.87.

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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