Assenagon Asset Management S.A. Trims Position in Teradyne, Inc. $TER

Key Points

• Assenagon Asset Management S.A. reduced its holdings in Teradyne, Inc. by 21.8% during the 2nd quarter, now owning approximately 0.70% of the company, valued at around $100.5 million.
• Teradyne reported $0.57 earnings per share for the last quarter, exceeding estimates, despite a 10.7% revenue decline year-over-year.
• The company declared a quarterly dividend of $0.12 per share, with an annualized yield of 0.4%, payable on September 29th to investors of record on September 5th.

Assenagon Asset Management S.A. reduced its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 21.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,117,269 shares of the company's stock after selling 310,743 shares during the period. Assenagon Asset Management S.A. owned 0.70% of Teradyne worth $100,465,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TER. Wall Street Zen raised shares of Teradyne from a "sell" rating to a "hold" rating in a research report on Monday, September 1st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $102.00 price objective (up previously from $88.00) on shares of Teradyne in a research report on Thursday, July 17th. Cantor Fitzgerald set a $105.00 price objective on shares of Teradyne and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. Stifel Nicolaus upped their price objective on shares of Teradyne from $85.00 to $100.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Finally, Susquehanna upped their price objective on shares of Teradyne from $133.00 to $200.00 and gave the stock a "positive" rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Teradyne presently has an average rating of "Moderate Buy" and an average target price of $118.63.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $115.00, for a total transaction of $63,710.00. Following the transaction, the chief executive officer directly owned 96,439 shares in the company, valued at approximately $11,090,485. This trade represents a 0.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 1,662 shares of company stock valued at $181,008. Company insiders own 0.16% of the company's stock.

Teradyne Stock Down 1.0%

Teradyne stock traded down $1.31 during mid-day trading on Tuesday, hitting $133.87. 2,317,813 shares of the stock were exchanged, compared to its average volume of 3,560,970. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $144.16. The firm's fifty day simple moving average is $109.13 and its two-hundred day simple moving average is $91.91. The stock has a market capitalization of $21.30 billion, a price-to-earnings ratio of 46.37, a PEG ratio of 2.52 and a beta of 1.80.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The company had revenue of $651.80 million during the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $0.86 EPS. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. As a group, analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

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 given a $0.12 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.48 annualized dividend and a yield of 0.4%. Teradyne's dividend payout ratio (DPR) is presently 16.61%.

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.