American Century Companies Inc. Raises Stake in Teradyne, Inc. $TER

Key Points

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American Century Companies Inc. raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 124.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,120,250 shares of the company's stock after purchasing an additional 620,918 shares during the quarter. American Century Companies Inc. owned 0.70% of Teradyne worth $92,533,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TER. Berbice Capital Management LLC lifted 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 purchasing an additional 200 shares during the last quarter. Manchester Capital Management LLC lifted 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 purchasing an additional 140 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of Teradyne during the first quarter worth $45,000. AdvisorNet Financial Inc lifted its position in shares of 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. Finally, Allworth Financial LP lifted its position in shares of Teradyne by 36.1% during the first quarter. Allworth Financial LP now owns 795 shares of the company's stock worth $61,000 after purchasing an additional 211 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TER has been the subject of several recent research reports. Morgan Stanley upgraded Teradyne from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $74.00 to $100.00 in a report on Thursday, July 31st. The Goldman Sachs Group restated a "sell" rating and issued a $85.00 price objective on shares of Teradyne in a report on Wednesday, July 30th. Cantor Fitzgerald set a $105.00 price objective on Teradyne and gave the company an "overweight" rating in a report on Tuesday, June 24th. Wall Street Zen upgraded Teradyne from a "sell" rating to a "hold" rating in a report on Saturday. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $102.00 price objective (up from $88.00) on shares of Teradyne in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.44.

Insider Buying and Selling

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 stock was sold at an average price of $106.00, for a total value of $58,724.00. Following the sale, the chief executive officer owned 96,993 shares in the company, valued at $10,281,258. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Teradyne Trading Down 1.0%

Shares of TER stock traded down $1.10 during trading hours on Wednesday, reaching $109.52. 3,568,707 shares of the company's stock were exchanged, compared to its average volume of 4,878,657. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $144.16. The stock has a market cap of $17.42 billion, a PE ratio of 37.90, a PEG ratio of 2.32 and a beta of 1.72. The stock's fifty day moving average price is $96.58 and its two-hundred day moving average price is $91.30.

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

Teradyne announced that its Board of Directors has approved a share buyback plan on Monday, April 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 8.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Teradyne 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.