Teradyne, Inc. $TER Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Teradyne stake by 2,171% in the third quarter, acquiring 1.03 million additional shares and ending with 1.07 million shares worth approximately $430.8 million. Institutional investors collectively own 99.77% of the company.
• Teradyne reported strong latest-quarter results, with revenue rising 103.9% year over year to $1.33 billion and EPS of $2.47, beating analyst expectations. The company is expanding its AI semiconductor-testing opportunity through its UltraFLEXplus S platform and collaboration with FormFactor.
• The stock was trading down 4.5% at $343.21, below the analyst consensus price target of $396.80. While most analysts maintain a positive outlook, concerns include Teradyne’s elevated valuation, broader weakness in AI stocks, and a planned 4,000-share insider sale.

Assenagon Asset Management S.A. increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 2,171.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,074,459 shares of the company's stock after acquiring an additional 1,027,146 shares during the period. Assenagon Asset Management S.A. owned about 0.69% of Teradyne worth $430,761,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Teradyne during the second quarter valued at $9,404,408,000. Andar Capital Management HK Ltd acquired a new stake in shares of Teradyne during the 2nd quarter worth about $37,800,000. Bank of America Corp DE acquired a new stake in shares of Teradyne during the 2nd quarter worth about $842,822,000. Legal & General Group Plc acquired a new stake in shares of Teradyne during the 2nd quarter worth about $656,058,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Teradyne during the 2nd quarter worth about $459,012,000. Institutional investors own 99.77% of the company's stock.

Teradyne News Summary

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne launched the UltraFLEXplus S, a 24-slot automated test platform designed for high-mix production and complex edge-AI chips used in automotive, industrial, and consumer applications. The product expands Teradyne’s opportunity in the growing AI semiconductor testing market. Semicon West 2026: Teradyne launches edge AI automated test platform
• Positive Sentiment: The company also highlighted a broad technology collaboration with FormFactor, including a reported $300 million Teradyne equity investment. The partnership is intended to connect wafer-level and semiconductor test capabilities, potentially strengthening Teradyne’s position across advanced packaging and AI-chip workflows. Is Teradyne Using Edge AI Test Expansion To Redefine Its Long-Term Competitive Moat?
• Neutral Sentiment: Teradyne received TÜV Rheinland North America’s 2026 Safety and Sustainability Leadership Award. The recognition supports the company’s corporate reputation but is unlikely to materially affect near-term earnings or valuation. TÜV Rheinland Honors Teradyne
• Neutral Sentiment: Teradyne will report third-quarter 2026 results on October 27 after the market closes. Investors are likely to focus on semiconductor-test demand, AI-related growth, robotics performance, and whether earnings can support the stock’s elevated valuation. Teradyne to Announce Third Quarter 2026 Results
• Negative Sentiment: Hotter-than-expected inflation triggered broader selling in semiconductor and AI-infrastructure stocks, including Teradyne, as investors worried that higher borrowing costs could reduce or delay AI capital spending. FormFactor, Teradyne, Applied Materials, AMD, and Intel Shares Plummet
• Negative Sentiment: Analysts and investors are questioning whether Teradyne’s strong multiyear rally has already priced in much of its AI growth. A high earnings multiple increases the risk of further weakness if upcoming results or guidance do not exceed elevated expectations. Is Teradyne Too Expensive For Its Earnings Power?
• Negative Sentiment: Director Gregory Smith disclosed plans to sell 4,000 Teradyne shares valued at approximately $1.37 million. The planned insider sale may add modest pressure, although it does not necessarily indicate deteriorating business prospects. Teradyne's Gregory Smith to Sell Shares

Teradyne Trading Down 4.5%

TER opened at $343.21 on Friday. The stock has a market capitalization of $53.66 billion, a PE ratio of 47.08, a PEG ratio of 0.73 and a beta of 1.75. Teradyne, Inc. has a 1-year low of $135.83 and a 1-year high of $487.91. The firm has a 50-day moving average price of $381.14 and a two-hundred day moving average price of $374.19.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. Teradyne's revenue was up 103.9% compared to the same quarter last year. On average, research analysts predict that Teradyne, Inc. will post 9.11 EPS for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were given a dividend of $0.13 per share. The ex-dividend date was Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne's payout ratio is presently 7.13%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TER shares. UBS Group lifted their price target on shares of Teradyne from $440.00 to $500.00 and gave the company a "buy" rating in a report on Monday, July 20th. Evercore reaffirmed an "outperform" rating and set a $420.00 price objective on shares of Teradyne in a research note on Thursday, July 30th. Wall Street Zen lowered shares of Teradyne from a "buy" rating to a "hold" rating in a report on Monday, September 28th. Morgan Stanley raised their price objective on shares of Teradyne from $387.00 to $397.00 and gave the stock an "equal weight" rating in a report on Thursday, July 30th. Finally, Zacks Research cut shares of Teradyne from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Teradyne has an average rating of "Moderate Buy" and an average price target of $396.80.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of the business's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $337.83, for a total transaction of $1,351,320.00. Following the completion of the sale, the chief executive officer owned 108,495 shares in the company, valued at $36,652,865.85. The trade was a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by insiders.

About Teradyne

Teradyne, Inc is a global provider of automated test equipment and industrial automation solutions. Founded in 1960 and headquartered in North Reading, Massachusetts, the company develops systems that help manufacturers test the performance, quality, and reliability of electronic products and components.

Teradyne's products include semiconductor test systems used to evaluate integrated circuits, memory devices, and other semiconductor components. The company also provides test solutions for wireless products, storage systems, and complex electronic systems, along with related software, services, and support.

Through its Industrial Automation segment, Teradyne offers collaborative robots from Universal Robots, autonomous mobile robots from Mobile Industrial Robots, and robotic arms and systems for manufacturing and other industrial applications.

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