Teradyne, Inc. $TER Position Cut by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth LLC has reduced its stake in Teradyne, Inc. by 56.3% during the second quarter, now holding a total of 4,230 shares worth approximately $380,000.
• Multiple hedge funds have increased their holdings in Teradyne, with DAVENPORT & Co LLC raising its stake by 29.8% in the first quarter, and others like MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. also expanding their positions significantly.
• Analysts have set new price targets for Teradyne, with Morgan Stanley upgrading its rating and raising the target price from $74.00 to $100.00, while Susquehanna has set a target of $200.00.

SteelPeak Wealth LLC trimmed its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 56.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,230 shares of the company's stock after selling 5,442 shares during the quarter. SteelPeak Wealth LLC's holdings in Teradyne were worth $380,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC lifted its stake in Teradyne by 29.8% in the first quarter. DAVENPORT & Co LLC now owns 5,094 shares of the company's stock valued at $421,000 after buying an additional 1,170 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 buying an additional 21,219 shares during the last quarter. Park Avenue Securities LLC lifted its stake in 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 buying an additional 1,093 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in 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 buying an additional 261 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Teradyne by 36.2% in the first quarter. Advisors Asset Management Inc. now owns 9,395 shares of the company's stock valued at $776,000 after buying an additional 2,498 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TER shares. Morgan Stanley upgraded Teradyne from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $74.00 to $100.00 in a research note on Thursday, July 31st. JPMorgan Chase & Co. reissued a "neutral" rating and set a $102.00 price target (up from $88.00) on shares of Teradyne in a report on Thursday, July 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Teradyne in a report on Wednesday. Susquehanna raised their price target on Teradyne from $133.00 to $200.00 and gave the company a "positive" rating in a report on Monday, September 22nd. Finally, Cowen reissued a "buy" rating on shares of Teradyne in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Teradyne currently has an average rating of "Moderate Buy" and a consensus target price of $118.27.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 554 shares of Teradyne stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $126.39, for a total transaction of $70,020.06. Following the transaction, the chief executive officer directly owned 95,885 shares of the company's stock, valued at $12,118,905.15. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 2,216 shares of company stock worth $251,028 over the last quarter. 0.16% of the stock is owned by insiders.

Teradyne Stock Up 3.2%

NASDAQ:TER opened at $144.60 on Thursday. The business's 50-day moving average price is $120.09 and its 200 day moving average price is $96.01. The firm has a market cap of $23.00 billion, a P/E ratio of 50.03, a PEG ratio of 2.95 and a beta of 1.82. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $150.71.

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

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 5th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, September 5th. Teradyne's payout ratio 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.

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