E Fund Management Co. Ltd. Trims Stock Position in Teradyne, Inc. $TER

Key Points

• E Fund Management Co. Ltd. reduced its holdings in Teradyne, Inc. by 85.2%, now owning only 3,505 shares after selling 20,125 shares in Q1.
• Several analysts have varying ratings for Teradyne, with an overall average rating of "Hold" and an average target price of $114.44.
• Teradyne reported a 10.7% year-over-year decline in revenue for the latest quarter, despite exceeding earnings per share estimates.

E Fund Management Co. Ltd. lowered its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 85.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,505 shares of the company's stock after selling 20,125 shares during the period. E Fund Management Co. Ltd.'s holdings in Teradyne were worth $290,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in shares of Teradyne in the fourth quarter worth $7,587,000. Advisory Services Network LLC grew its holdings in shares of Teradyne by 6.3% in the fourth quarter. Advisory Services Network LLC now owns 2,384 shares of the company's stock worth $300,000 after purchasing an additional 141 shares during the last quarter. Sagespring Wealth Partners LLC bought a new stake in shares of Teradyne during the 4th quarter valued at about $284,000. Marshall Wace LLP boosted its stake in shares of Teradyne by 557.5% during the 4th quarter. Marshall Wace LLP now owns 276,238 shares of the company's stock valued at $34,784,000 after purchasing an additional 234,222 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Teradyne during the 4th quarter valued at about $34,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 554 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $106.00, for a total transaction of $58,724.00. Following the completion of the transaction, the chief executive officer directly owned 96,993 shares in the company, valued at $10,281,258. This trade represents a 0.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. 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 report on Thursday, July 17th. Susquehanna reduced their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a report on Wednesday, April 30th. Stifel Nicolaus raised 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. Cowen reiterated a "buy" rating on shares of Teradyne in a research report on Wednesday, July 30th. Finally, Cantor Fitzgerald set a $105.00 target price on shares of Teradyne and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $114.44.

Teradyne Stock Down 0.2%

Shares of NASDAQ TER traded down $0.2560 during midday trading on Tuesday, hitting $110.1540. The stock had a trading volume of 1,740,271 shares, compared to its average volume of 3,485,052. The company has a market capitalization of $17.52 billion, a PE ratio of 38.09, a P/E/G ratio of 2.29 and a beta of 1.72. The stock has a 50 day simple moving average of $95.68 and a 200-day simple moving average of $91.03. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $144.16.

Teradyne (NASDAQ:TER - Get Free Report) last announced 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 company had revenue of $651.80 million during the quarter, compared to analysts' expectations of $649.02 million. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. Teradyne's revenue was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 EPS. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. As a group, analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne declared that its board has approved a share repurchase plan on Monday, April 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 8.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

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.