Teradyne, Inc. $TER Stock Holdings Lifted by Prospector Partners LLC

Key Points

• Prospector Partners LLC has increased its stake in Teradyne, Inc. by 59%, owning 105,061 shares valued at approximately $8.68 million.
• Teradyne's recent quarterly earnings report showed an EPS of $0.57, exceeding analyst expectations of $0.54, although revenue declined by 10.7% year-over-year.
• The company has authorized a stock buyback program of up to $1 billion, indicating management's belief that the stock is undervalued.

Prospector Partners LLC boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 59.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,061 shares of the company's stock after buying an additional 38,993 shares during the quarter. Prospector Partners LLC owned 0.07% of Teradyne worth $8,678,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. DAVENPORT & Co LLC increased its stake in Teradyne by 29.8% during the first quarter. DAVENPORT & Co LLC now owns 5,094 shares of the company's stock worth $421,000 after purchasing an additional 1,170 shares during the period. Park Avenue Securities LLC lifted its stake in Teradyne by 56.0% during the first quarter. Park Avenue Securities LLC now owns 3,045 shares of the company's stock worth $252,000 after purchasing an additional 1,093 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Teradyne by 6.4% during the first quarter. Crossmark Global Holdings Inc. now owns 4,328 shares of the company's stock worth $357,000 after purchasing an additional 261 shares during the last quarter. Asset Management One Co. Ltd. increased its position in Teradyne by 5.5% during the first quarter. Asset Management One Co. Ltd. now owns 68,612 shares of the company's stock worth $5,667,000 after buying an additional 3,589 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in Teradyne by 306.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,661 shares of the company's stock worth $3,111,000 after buying an additional 28,406 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Up 5.5%

NASDAQ TER traded up $6.00 on Friday, hitting $115.30. The stock had a trading volume of 4,131,982 shares, compared to its average volume of 3,490,538. Teradyne, Inc. has a one year low of $65.77 and a one year high of $144.16. The stock has a market cap of $18.34 billion, a price-to-earnings ratio of 39.90, a P/E/G ratio of 2.30 and a beta of 1.72. The company's 50-day moving average is $97.04 and its two-hundred day moving average is $91.28.

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

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

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 554 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were 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 in the company, valued at $10,281,258. The trade was a 0.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on TER. Wall Street Zen raised Teradyne from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. UBS Group reiterated a "buy" rating and set a $130.00 target price (up from $120.00) on shares of Teradyne in a research report on Thursday, July 31st. Susquehanna cut their price target on Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a report on Wednesday, April 30th. Morgan Stanley raised Teradyne from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $74.00 to $100.00 in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $102.00 target price (up previously from $88.00) on shares of Teradyne in a report on Thursday, July 17th. One 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 issued a Sell rating to the company's stock. According to MarketBeat, Teradyne currently has an average rating of "Moderate Buy" and a consensus price target 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.