Swedbank AB Cuts Stock Holdings in Teradyne, Inc. $TER

Key Points

• Swedbank AB reduced its holdings in Teradyne, Inc. by 11.4%, owning 49,102 shares valued at $4.4 million after selling 6,291 shares in the second quarter.
• Various other hedge funds have increased their stakes significantly, with Federated Hermes Inc. lifting its position by 188.8% and AQR Capital Management LLC by 1,612.4% during the first quarter.
• Teradyne plans to pay a quarterly dividend of $0.12 per share on September 29, reflecting an annualized rate of $0.48 and a yield of 0.4%.

Swedbank AB decreased its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 11.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,102 shares of the company's stock after selling 6,291 shares during the quarter. Swedbank AB's holdings in Teradyne were worth $4,415,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TER. Federated Hermes Inc. increased its position in Teradyne by 188.8% in the first quarter. Federated Hermes Inc. now owns 2,105,852 shares of the company's stock worth $173,943,000 after buying an additional 1,376,631 shares in the last quarter. AQR Capital Management LLC increased its position in Teradyne by 1,612.4% in the first quarter. AQR Capital Management LLC now owns 1,404,752 shares of the company's stock worth $113,251,000 after buying an additional 1,322,716 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Teradyne by 224.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,851,684 shares of the company's stock worth $152,949,000 after acquiring an additional 1,280,120 shares during the period. American Century Companies Inc. boosted its stake in shares of Teradyne by 124.3% in the first quarter. American Century Companies Inc. now owns 1,120,250 shares of the company's stock worth $92,533,000 after acquiring an additional 620,918 shares during the period. Finally, Woodline Partners LP boosted its stake in shares of Teradyne by 27,928.3% in the first quarter. Woodline Partners LP now owns 609,896 shares of the company's stock worth $50,377,000 after acquiring an additional 607,720 shares during the period. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Stock Up 12.8%

Shares of TER stock traded up $15.33 on Monday, hitting $135.18. The company had a trading volume of 7,132,686 shares, compared to its average volume of 3,837,103. The firm has a market cap of $21.50 billion, a P/E ratio of 37.81, a price-to-earnings-growth ratio of 2.52 and a beta of 1.80. The company has a 50-day moving average price of $108.33 and a 200-day moving average price of $91.73. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $651.80 million during 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 revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 EPS. 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 year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 5th will be issued a $0.12 dividend. 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 16.61%.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 554 shares of the business's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $115.00, for a total value of $63,710.00. Following the completion of the transaction, the chief executive officer owned 96,439 shares of the company's stock, valued at $11,090,485. The trade was a 0.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 1,662 shares of company stock valued at $181,008. Insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TER. Susquehanna upped their price objective on Teradyne from $133.00 to $200.00 and gave the stock a "positive" rating in a research note on Monday. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $85.00 price objective on shares of Teradyne in a research note on Wednesday, July 30th. Wall Street Zen raised Teradyne from a "sell" rating to a "hold" rating in a research note on Monday, September 1st. Cantor Fitzgerald set a $105.00 price objective on Teradyne and gave the stock an "overweight" rating in a research note on Tuesday, June 24th. Finally, Stifel Nicolaus upped their price objective on Teradyne from $85.00 to $100.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $118.63.

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.