Raymond James Financial Inc. Cuts Stock Holdings in Teradyne, Inc. $TER

Key Points

• Raymond James Financial Inc. reduced its stake in Teradyne, Inc. by 26.3%, holding 937,449 shares valued at $77.4 million after selling 333,888 shares in the first quarter.
• Teradyne reported a net revenue of $651.8 million for the last quarter, slightly exceeding analyst estimates but down 10.7% year-over-year, with earnings per share at $0.57.
• The company has approved a $1 billion share buyback program, indicating management's belief that the stock is undervalued, and the consensus rating for Teradyne is a "Moderate Buy" with an average target price of $114.44.

Raymond James Financial Inc. trimmed its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 26.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 937,449 shares of the company's stock after selling 333,888 shares during the period. Raymond James Financial Inc. owned 0.58% of Teradyne worth $77,433,000 at the end of the most recent quarter.

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

Teradyne Price Performance

Shares of NASDAQ:TER opened at $110.62 on Wednesday. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $144.16. The business has a 50 day simple moving average of $96.12 and a two-hundred day simple moving average of $91.17. The firm has a market capitalization of $17.60 billion, a PE ratio of 38.28, a price-to-earnings-growth ratio of 2.31 and a beta of 1.72.

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, 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 business had revenue of $651.80 million during the quarter, compared to analyst estimates of $649.02 million. During the same quarter in the previous year, the business earned $0.86 earnings per share. The company's revenue for the quarter was down 10.7% compared to the same quarter last year. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. Equities research analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne declared that its board has approved a share buyback program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TER has been the topic of a number of research reports. Susquehanna reduced their price objective on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research note on Wednesday, April 30th. Cantor Fitzgerald set a $105.00 target price on shares of Teradyne and gave the company an "overweight" rating in a research report on Tuesday, June 24th. Stifel Nicolaus upped their target price on shares of Teradyne from $85.00 to $100.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. Morgan Stanley upgraded shares of Teradyne from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $74.00 to $100.00 in a research report on Thursday, July 31st. Finally, UBS Group restated 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. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $114.44.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 554 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $106.00, for a total value of $58,724.00. Following the transaction, the chief executive officer directly owned 96,993 shares in the company, valued at approximately $10,281,258. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

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.

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