Teradyne, Inc. $TER Shares Sold by Royal Bank of Canada

Key Points

• Royal Bank of Canada reduced its stake in Teradyne, Inc. by 15.5%, selling 119,350 shares and now holds approximately 0.40% of the company valued at $53.63 million.
• Other institutional investors, including Vanguard Group and ARK Investment Management, have increased their positions in Teradyne, showcasing continued interest in the stock.
• Teradyne reported earnings of $0.57 per share for the last quarter, exceeding analyst expectations, although revenue decreased by 10.7% compared to the same quarter last year.

Royal Bank of Canada cut its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 15.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 649,289 shares of the company's stock after selling 119,350 shares during the quarter. Royal Bank of Canada owned approximately 0.40% of Teradyne worth $53,632,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Graham Capital Management L.P. lifted its stake in Teradyne by 166.1% in the 1st quarter. Graham Capital Management L.P. now owns 7,285 shares of the company's stock valued at $602,000 after buying an additional 4,547 shares in the last quarter. Quarry LP purchased a new position in Teradyne in the 1st quarter valued at about $143,000. Nomura Holdings Inc. lifted its stake in Teradyne by 24.1% in the 1st quarter. Nomura Holdings Inc. now owns 6,656 shares of the company's stock valued at $550,000 after buying an additional 1,292 shares in the last quarter. Vident Advisory LLC lifted its stake in Teradyne by 34.4% in the 1st quarter. Vident Advisory LLC now owns 7,178 shares of the company's stock valued at $593,000 after buying an additional 1,836 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new position in Teradyne in the 1st quarter valued at about $1,639,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 554 shares of Teradyne stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $106.00, for a total transaction of $58,724.00. Following the sale, the chief executive officer owned 96,993 shares of the company's stock, valued at approximately $10,281,258. The trade was a 0.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.16% of the company's stock.

Teradyne Price Performance

Shares of TER stock traded down $1.30 during trading on Monday, hitting $118.90. 3,737,827 shares of the stock traded hands, compared to its average volume of 3,488,462. The firm has a market capitalization of $18.91 billion, a P/E ratio of 41.14, a price-to-earnings-growth ratio of 2.53 and a beta of 1.80. The firm's fifty day moving average price is $103.78 and its 200-day moving average price is $91.33. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $144.16.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $651.80 million for 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 quarter in the previous year, the company earned $0.86 EPS. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. As a group, equities research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 5th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 5th. Teradyne's payout ratio is presently 16.61%.

Wall Street Analysts Forecast Growth

TER has been the topic of a number of research reports. Stifel Nicolaus raised their price target on shares of Teradyne from $85.00 to $100.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $85.00 price target on shares of Teradyne in a research note on Wednesday, July 30th. UBS Group reissued 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. Wall Street Zen raised shares of Teradyne from a "sell" rating to a "hold" rating in a research note on Monday, September 1st. Finally, JPMorgan Chase & Co. reissued 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. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.44.

Teradyne Company 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.