Rafferty Asset Management LLC Sells 111,192 Shares of Teradyne, Inc. $TER

Key Points

• Rafferty Asset Management LLC reduced its stake in Teradyne, Inc. by 7.8%, owning approximately 0.82% of the company post-sale.
• Analysts have a mixed outlook on Teradyne, with price targets ranging from $85 to $130 and a consensus rating of "Moderate Buy."
• Teradyne recently announced a quarterly dividend of $0.12 per share, representing an annualized yield of 0.4%.

Rafferty Asset Management LLC reduced its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,309,499 shares of the company's stock after selling 111,192 shares during the period. Rafferty Asset Management LLC owned about 0.82% of Teradyne worth $108,165,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $106.00, for a total transaction of $58,724.00. Following the transaction, the chief executive officer owned 96,993 shares in the company, valued at $10,281,258. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by company insiders.

Teradyne Price Performance

TER traded up $0.35 during trading on Friday, hitting $118.24. The stock had a trading volume of 4,107,503 shares, compared to its average volume of 3,577,917. The company has a 50 day moving average price of $100.81 and a 200-day moving average price of $91.32. Teradyne, Inc. has a one year low of $65.77 and a one year high of $144.16. The firm has a market cap of $18.81 billion, a price-to-earnings ratio of 40.91, a P/E/G ratio of 2.49 and a beta of 1.72.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $649.02 million. During the same quarter last year, the company earned $0.86 EPS. The company's 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, sell-side analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, September 5th. Teradyne's dividend payout ratio (DPR) is 16.61%.

Wall Street Analysts Forecast Growth

TER has been the subject of several recent research reports. UBS Group reissued a "buy" rating and set a $130.00 price target (up from $120.00) on shares of Teradyne in a research report on Thursday, July 31st. The Goldman Sachs Group reissued a "sell" rating and set a $85.00 price target on shares of Teradyne in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $102.00 price target (up from $88.00) on shares of Teradyne in a research report on Thursday, July 17th. Wall Street Zen cut Teradyne from a "hold" rating to a "sell" rating in a research report on Sunday, August 24th. Finally, Cowen reissued a "buy" rating on shares of Teradyne in a research report on Wednesday, July 30th. One 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 stock. Based on data from MarketBeat, Teradyne currently has an average rating of "Moderate Buy" and a consensus price target 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.