Teradyne, Inc. $TER Shares Bought by Allstate Corp

Key Points

• Allstate Corp more than doubled its stake in Teradyne in the fourth quarter, buying an additional 5,973 shares to bring its total to 11,785 shares worth about $2.28 million.
• Wall Street remains broadly bullish on Teradyne, with multiple firms raising price targets and the stock carrying a Moderate Buy consensus rating and a $339.80 average target price.
• Teradyne posted a strong quarterly beat, reporting $2.56 EPS versus $2.11 expected and revenue of $1.28 billion, while also increasing its quarterly dividend to $0.13 per share.

Allstate Corp raised its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 102.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,785 shares of the company's stock after buying an additional 5,973 shares during the quarter. Allstate Corp's holdings in Teradyne were worth $2,281,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Stephens Inc. AR increased its position in Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company's stock worth $645,000 after purchasing an additional 41 shares during the period. Sapient Capital LLC increased its position in Teradyne by 1.5% during the 4th quarter. Sapient Capital LLC now owns 2,849 shares of the company's stock worth $560,000 after purchasing an additional 43 shares during the period. IFP Advisors Inc grew its stake in shares of Teradyne by 2.1% during the 4th quarter. IFP Advisors Inc now owns 2,731 shares of the company's stock worth $529,000 after purchasing an additional 57 shares during the period. Quent Capital LLC grew its stake in shares of Teradyne by 3.8% during the 4th quarter. Quent Capital LLC now owns 1,738 shares of the company's stock worth $336,000 after purchasing an additional 63 shares during the period. Finally, Huntington National Bank grew its stake in shares of Teradyne by 1.8% during the 3rd quarter. Huntington National Bank now owns 3,566 shares of the company's stock worth $491,000 after purchasing an additional 64 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TER. Northland Securities reaffirmed a "market perform" rating and set a $270.00 price target on shares of Teradyne in a research note on Wednesday, February 4th. Stifel Nicolaus upped their price target on shares of Teradyne from $325.00 to $390.00 and gave the stock a "buy" rating in a research note on Tuesday, April 28th. Cantor Fitzgerald upped their price target on shares of Teradyne from $330.00 to $400.00 and gave the stock an "overweight" rating in a research note on Thursday, April 9th. Royal Bank Of Canada set a $270.00 price target on shares of Teradyne in a research note on Monday, February 2nd. Finally, Robert W. Baird set a $350.00 price target on Teradyne in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $339.80.

Teradyne Price Performance

Teradyne stock opened at $382.65 on Friday. Teradyne, Inc. has a 12-month low of $77.02 and a 12-month high of $422.11. The stock has a market capitalization of $59.90 billion, a P/E ratio of 70.86, a P/E/G ratio of 1.55 and a beta of 1.79. The firm's 50-day moving average is $346.87 and its two-hundred day moving average is $275.75.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period last year, the company earned $0.75 EPS. The firm's revenue for the quarter was up 87.0% compared to the same quarter last year. As a group, 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. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend 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 is Thursday, May 21st. Teradyne's payout ratio is 9.63%.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 8,597 shares of the firm's stock in a transaction that occurred 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the transaction, the vice president owned 7,665 shares in the company, valued at $2,894,304. The trade was a 8.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders own 0.19% of the company's stock.

Teradyne News Summary

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Analysts have recently turned more constructive on Teradyne, with higher earnings estimates, improved brokerage recommendations, and several bullish price targets that suggest Wall Street still sees upside after the company’s strong quarterly results. Assessing Teradyne (TER) Valuation After Upgraded Analyst Ratings And Higher Earnings Estimates
• Positive Sentiment: Teradyne remains in focus as an AI beneficiary, with recent commentary highlighting strong demand trends in AI-driven tech and positioning TER alongside other chip and test-equipment names benefiting from the buildout. 5 AI Stocks to Buy as Markets Defy "Sell in May and Go Away" Adage
• Positive Sentiment: The company’s latest earnings report was a clear beat, with EPS and revenue both topping expectations and management indicating that a large share of revenue was tied to AI-related demand, reinforcing the growth narrative. Teradyne Insider Trades / Earnings Coverage

Teradyne 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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