Strs Ohio Acquires New Shares in Teradyne, Inc. $TER

Key Points

• Strs Ohio acquired 9,624 shares of Teradyne, Inc. for approximately $795,000 during the 1st quarter, indicating growing institutional interest in the company.
• Teradyne's recent earnings results showed a beat on consensus estimates, reporting $0.57 earnings per share and revenue of $651.80 million.
• The company announced a quarterly dividend of $0.12, with a dividend yield of 0.4% and a payout ratio of 16.61%.

Strs Ohio bought a new position in Teradyne, Inc. (NASDAQ:TER - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,624 shares of the company's stock, valued at approximately $795,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DAVENPORT & Co LLC boosted its holdings in shares of Teradyne by 29.8% during the first quarter. DAVENPORT & Co LLC now owns 5,094 shares of the company's stock worth $421,000 after purchasing an additional 1,170 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Teradyne by 17.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,760 shares of the company's stock valued at $11,893,000 after purchasing an additional 21,219 shares during the period. Park Avenue Securities LLC raised its position in shares of Teradyne by 56.0% in the first quarter. Park Avenue Securities LLC now owns 3,045 shares of the company's stock valued at $252,000 after purchasing an additional 1,093 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of Teradyne by 6.4% in the first quarter. Crossmark Global Holdings Inc. now owns 4,328 shares of the company's stock valued at $357,000 after purchasing an additional 261 shares during the period. Finally, Advisors Asset Management Inc. increased its position in Teradyne by 36.2% during the first quarter. Advisors Asset Management Inc. now owns 9,395 shares of the company's stock worth $776,000 after acquiring an additional 2,498 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TER has been the topic of a number of research reports. Morgan Stanley raised shares of Teradyne from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $74.00 to $100.00 in a research report on Thursday, July 31st. JPMorgan Chase & Co. restated a "neutral" rating and issued a $102.00 target price (up previously from $88.00) on shares of Teradyne in a research note on Thursday, July 17th. Stifel Nicolaus boosted their target price 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. Susquehanna lifted their price target on Teradyne from $133.00 to $200.00 and gave the company a "positive" rating in a report on Monday. Finally, Cantor Fitzgerald set a $105.00 price objective on Teradyne and gave the stock an "overweight" rating in a report on Tuesday, June 24th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Teradyne presently has an average rating of "Moderate Buy" and a consensus price target of $118.63.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $115.00, for a total transaction of $63,710.00. Following the transaction, the chief executive officer owned 96,439 shares in the company, valued at $11,090,485. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 1,662 shares of company stock worth $181,008. 0.16% of the stock is owned by company insiders.

Teradyne Stock Performance

TER traded up $14.57 during trading hours on Monday, reaching $134.42. The company's stock had a trading volume of 4,169,299 shares, compared to its average volume of 3,550,781. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $144.16. The company's 50-day moving average is $108.33 and its 200-day moving average is $91.73. The firm has a market cap of $21.38 billion, a PE ratio of 46.28, a price-to-earnings-growth ratio of 2.52 and a beta of 1.80.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. The firm had revenue of $651.80 million for the quarter, compared to analysts' expectations of $649.02 million. Teradyne had a return on equity of 18.16% and a net margin of 16.59%.The company's quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 EPS. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. Equities analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

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

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.