Resona Asset Management Co. Ltd. Has $4.19 Million Holdings in Teradyne, Inc. $TER

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Teradyne, Inc. by 7.2%, holding 50,718 shares valued at approximately $4.19 million.
• Teradyne's CEO, Gregory Stephen Smith, sold 554 shares of stock valued at $58,724, representing a 0.57% decrease in his position.
• Teradyne reported earnings of $0.57 per share for the last quarter, surpassing expectations, although revenue fell 10.7% year-over-year.

Resona Asset Management Co. Ltd. boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 7.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,718 shares of the company's stock after purchasing an additional 3,407 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Teradyne were worth $4,191,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TER. Renaissance Technologies LLC purchased a new position in Teradyne during the fourth quarter valued at approximately $7,587,000. Advisory Services Network LLC grew its position in Teradyne by 6.3% during the fourth quarter. Advisory Services Network LLC now owns 2,384 shares of the company's stock valued at $300,000 after purchasing an additional 141 shares in the last quarter. Marshall Wace LLP grew its position in Teradyne by 557.5% during the fourth quarter. Marshall Wace LLP now owns 276,238 shares of the company's stock valued at $34,784,000 after purchasing an additional 234,222 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Teradyne during the fourth quarter valued at approximately $34,000. Finally, Commerce Bank grew its position in Teradyne by 6.2% during the fourth quarter. Commerce Bank now owns 32,683 shares of the company's stock valued at $4,115,000 after purchasing an additional 1,914 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Performance

Shares of Teradyne stock traded down $0.22 on Thursday, reaching $109.30. The stock had a trading volume of 2,137,840 shares, compared to its average volume of 4,920,420. The business's 50-day moving average price is $97.04 and its two-hundred day moving average price is $91.28. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $144.16. The stock has a market cap of $17.39 billion, a P/E ratio of 37.82, a price-to-earnings-growth ratio of 2.30 and a beta of 1.72.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings data 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. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The business had revenue of $651.80 million during the quarter, compared to analysts' expectations of $649.02 million. During the same period in the previous year, the company earned $0.86 earnings per share. Teradyne's revenue for the quarter 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, equities analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne announced that its Board of Directors has authorized a share buyback program on Monday, April 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at Teradyne

In other 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 value of $58,724.00. Following the completion of the sale, the chief executive officer directly owned 96,993 shares in the company, valued at approximately $10,281,258. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TER shares. Cowen reiterated a "buy" rating on shares of Teradyne in a research note on Wednesday, July 30th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $102.00 target price (up from $88.00) on shares of Teradyne in a research note on Thursday, July 17th. UBS Group reiterated a "buy" rating and issued a $130.00 target price (up from $120.00) on shares of Teradyne in a research note on Thursday, July 31st. Morgan Stanley upgraded shares of Teradyne from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $74.00 to $100.00 in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus 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.