Russell Investments Group Ltd. Sells 41,824 Shares of Teradyne, Inc. $TER

Russell Investments Group Ltd. cut its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 18.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 180,733 shares of the company's stock after selling 41,824 shares during the period. Russell Investments Group Ltd. owned about 0.11% of Teradyne worth $14,930,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TER. Berbice Capital Management LLC grew its position in Teradyne by 200.0% in the first quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Manchester Capital Management LLC grew its position in Teradyne by 44.7% in the first quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock worth $37,000 after acquiring an additional 140 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in Teradyne during the first quarter valued at about $45,000. 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 buying an additional 453 shares during the period. Finally, Allworth Financial LP boosted its position in Teradyne by 36.1% during the first quarter. Allworth Financial LP now owns 795 shares of the company's stock valued at $61,000 after buying an additional 211 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 554 shares of the 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 completion of the transaction, the chief executive officer directly owned 96,993 shares of the company's stock, valued at $10,281,258. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Cowen restated a "buy" rating on shares of Teradyne in a research report on Wednesday, July 30th. The Goldman Sachs Group restated a "sell" rating and set a $85.00 price target on shares of Teradyne in a research report on Wednesday, July 30th. Wall Street Zen upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Susquehanna cut their price target on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. restated 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. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Teradyne presently has an average rating of "Moderate Buy" and an average target price of $114.44.

Teradyne Stock Up 6.1%

Shares of NASDAQ:TER traded up $6.6940 during midday trading on Friday, hitting $115.9940. 1,091,441 shares of the stock traded hands, compared to its average volume of 3,470,177. The stock has a market capitalization of $18.45 billion, a PE ratio of 40.21, a P/E/G ratio of 2.30 and a beta of 1.72. The business's 50 day moving average is $97.04 and its two-hundred day moving average is $91.28. Teradyne, Inc. has a one year low of $65.77 and a one year high of $144.16.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $649.02 million. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The company's quarterly revenue was down 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. As a group, sell-side analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

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

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.