TD Asset Management Inc Has $19.79 Million Holdings in Teradyne, Inc. $TER

Key Points

• TD Asset Management reduced its Teradyne stake by 34% in the fourth quarter, selling 52,587 shares and leaving it with 102,226 shares valued at about $19.8 million.
• Teradyne posted a strong quarterly report, with EPS of $2.56 topping estimates and revenue of $1.28 billion beating expectations, while sales jumped 87% year over year.
• The company also raised its quarterly dividend to $0.13 per share, and analysts remain generally positive, with several price-target increases and an overall Moderate Buy rating.

TD Asset Management Inc cut its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 34.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,226 shares of the company's stock after selling 52,587 shares during the quarter. TD Asset Management Inc owned about 0.07% of Teradyne worth $19,787,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Norges Bank acquired a new stake in Teradyne in the fourth quarter worth $398,777,000. Wellington Management Group LLP grew its holdings in Teradyne by 13,949.4% in the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company's stock worth $280,357,000 after purchasing an additional 2,022,389 shares during the period. Alkeon Capital Management LLC grew its holdings in Teradyne by 48.6% in the third quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company's stock worth $395,427,000 after purchasing an additional 940,000 shares during the period. Assenagon Asset Management S.A. grew its holdings in Teradyne by 3,233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company's stock worth $176,144,000 after purchasing an additional 882,723 shares during the period. Finally, Rafferty Asset Management LLC grew its holdings in Teradyne by 65.4% in the second quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company's stock worth $194,770,000 after purchasing an additional 856,540 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Performance

Teradyne stock opened at $357.93 on Monday. Teradyne, Inc. has a 1-year low of $82.90 and a 1-year high of $422.11. The firm has a market capitalization of $56.03 billion, a price-to-earnings ratio of 66.28, a price-to-earnings-growth ratio of 1.47 and a beta of 1.79. The firm's fifty day moving average price is $356.27 and its two-hundred day moving average price is $284.65.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating analysts' consensus estimates of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm earned $0.75 earnings per share. The business's quarterly revenue was up 87.0% compared to the same quarter last year. On average, research analysts forecast that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from Teradyne's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, May 21st. Teradyne's payout ratio is 9.63%.

Key Headlines Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne is being highlighted as a beneficiary of surging AI-driven test and robotics demand, with one article noting that roughly 70% of sales are tied to AI-related activity across semiconductor test, product test, and robotics. That suggests improving growth visibility and a potential long-term tailwind for the business. Article Title
• Positive Sentiment: Zacks and other industry outlook pieces point to Teradyne as one of several electronics stocks set to benefit from investments in infrastructure and expanded capacity, reinforcing a favorable sector backdrop. Article Title
• Positive Sentiment: Another industry roundup highlighted Teradyne alongside KLA and Flex, signaling continued analyst attention on the company as a leader in semiconductor equipment and testing. Article Title
• Neutral Sentiment: A Q1 earnings comparison article reviewed Teradyne’s results versus peers, following its recent report that beat expectations and showed strong year-over-year revenue growth. This keeps focus on fundamentals, but the piece itself does not appear to add a new catalyst. Article Title
• Negative Sentiment: Teradyne was also caught in a broad chip-sector selloff tied to the AVGO earnings overhang and a stronger-than-expected jobs report, which pressured semiconductor names across the market and weighed on TER sentiment in the near term. Article Title

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 8,597 shares of the firm's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $338.98, for a total value of $2,914,211.06. Following the transaction, the chief executive officer directly owned 124,470 shares of the company's stock, valued at approximately $42,192,840.60. This trade represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of the firm's stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the transaction, the vice president directly owned 7,665 shares in the company, valued at $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 10,941 shares of company stock valued at $3,751,992. Corporate insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on TER shares. Cantor Fitzgerald raised their price target on shares of Teradyne from $330.00 to $400.00 and gave the stock an "overweight" rating in a report on Thursday, April 9th. JPMorgan Chase & Co. upgraded shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $400.00 price target for the company in a report on Thursday, April 30th. UBS Group raised their price target on shares of Teradyne from $325.00 to $440.00 and gave the stock a "buy" rating in a report on Tuesday, April 21st. Susquehanna raised their price target on shares of Teradyne from $335.00 to $415.00 and gave the stock a "positive" rating in a report on Thursday, April 9th. Finally, Zacks Research upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Teradyne currently has an average rating of "Moderate Buy" and an average target price of $339.80.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company's product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.

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