Allstate Corp Purchases 2,565 Shares of Teradyne, Inc. $TER

Key Points

• Allstate Corp increased its stake in Teradyne, Inc. by 54.2% in Q1, owning a total of 7,298 shares valued at $603,000.
• Insider selling occurred as CEO Gregory Stephen Smith sold 554 shares for approximately $58,724, reducing his ownership by 0.57%.
• Analysts have mixed ratings on Teradyne, with target prices ranging from $74 to $155 and an average consensus target of $114.44.

Allstate Corp lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 54.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,298 shares of the company's stock after acquiring an additional 2,565 shares during the period. Allstate Corp's holdings in Teradyne were worth $603,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TER. Berbice Capital Management LLC increased its position in shares of Teradyne by 200.0% during the first quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Manchester Capital Management LLC increased its position in shares of Teradyne by 44.7% during the first quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock worth $37,000 after acquiring an additional 140 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Teradyne by 189.9% during the first quarter. Brooklyn Investment Group now owns 461 shares of the company's stock worth $38,000 after purchasing an additional 302 shares during the last quarter. Sentry Investment Management LLC purchased a new position in Teradyne during the first quarter worth about $45,000. Finally, AdvisorNet Financial Inc boosted its holdings in Teradyne by 319.0% during the first quarter. AdvisorNet Financial Inc now owns 595 shares of the company's stock worth $49,000 after purchasing an additional 453 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TER. Wall Street Zen cut shares of Teradyne from a "hold" rating to a "sell" rating in a report on Sunday, August 24th. UBS Group restated a "buy" rating and set a $130.00 price target (up from $120.00) on shares of Teradyne in a report on Thursday, July 31st. The Goldman Sachs Group restated a "sell" rating and set a $85.00 price target on shares of Teradyne in a report on Wednesday, July 30th. Cowen restated a "buy" rating on shares of Teradyne in a report on Wednesday, July 30th. Finally, Morgan Stanley upgraded shares of Teradyne from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $74.00 to $100.00 in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $114.44.

Teradyne Stock Performance

TER traded up $0.35 during midday trading on Friday, reaching $118.24. The company had a trading volume of 4,107,503 shares, compared to its average volume of 3,577,917. The stock has a market cap of $18.81 billion, a PE ratio of 40.91, a P/E/G ratio of 2.49 and a beta of 1.72. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $144.16. The business has a 50-day moving average price of $100.81 and a two-hundred day moving average price of $91.32.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 16.59% and a return on equity of 18.16%. The company's quarterly revenue was down 10.7% on a year-over-year basis. 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. On average, research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 5th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, September 5th. Teradyne's dividend payout ratio is presently 16.61%.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 554 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $106.00, for a total transaction of $58,724.00. Following the sale, the chief executive officer directly owned 96,993 shares in the company, valued at approximately $10,281,258. This represents a 0.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company's stock.

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.