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

Key Points

• Assenagon Asset Management cut its Teradyne stake by 96.7% in the second quarter, selling 1.41 million shares and retaining 47,313 shares valued at approximately $22.9 million. Institutional investors collectively own 99.77% of Teradyne.
• Teradyne reported a strong quarterly performance, with EPS of $2.47 versus the $2.09 consensus and revenue of $1.33 billion, up 103.9% year over year. The company issued third-quarter 2026 EPS guidance of $1.85 to $2.15.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $396.80. Teradyne shares opened at $379.31, while insiders have sold 14,261 shares worth roughly $5.19 million over the past 90 days.

Assenagon Asset Management S.A. trimmed its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 96.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,313 shares of the company's stock after selling 1,407,830 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Teradyne were worth $22,892,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TER. Hilltop National Bank acquired a new stake in Teradyne during the 2nd quarter worth about $41,000. McIlrath & Eck LLC purchased a new stake in shares of Teradyne in the first quarter valued at approximately $30,000. Cornerstone Planning Group LLC raised its stake in shares of Teradyne by 149.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $42,000 after buying an additional 85 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Teradyne during the 4th quarter valued at approximately $28,000. Finally, Sunbelt Securities Inc. lifted its position in shares of Teradyne by 66.3% during the 1st quarter. Sunbelt Securities Inc. now owns 153 shares of the company's stock valued at $45,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $379.31 on Monday. The stock has a market cap of $59.30 billion, a price-to-earnings ratio of 52.03, a price-to-earnings-growth ratio of 0.77 and a beta of 1.78. The firm's 50 day moving average price is $383.46 and its 200 day moving average price is $343.36. Teradyne, Inc. has a fifty-two week low of $104.58 and a fifty-two week high of $487.91.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the business posted $0.57 EPS. The business's revenue for the quarter was up 103.9% on a year-over-year basis. Teradyne has set its Q3 2026 guidance at 1.850-2.150 EPS. On average, equities analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current year.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 8,597 shares of the company's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the completion of the sale, the chief executive officer directly owned 124,470 shares of the company's stock, valued at $42,192,840.60. This represents a 6.46% decrease in their position. 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, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the sale, the insider directly owned 15,066 shares of the company's stock, valued at $5,203,344.42. The trade was a 6.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 14,261 shares of company stock worth $5,187,344. Insiders own 0.19% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TER. Weiss Ratings raised shares of Teradyne from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday. Morgan Stanley boosted their price objective on Teradyne from $387.00 to $397.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 30th. Cantor Fitzgerald reissued an "overweight" rating and set a $550.00 target price on shares of Teradyne in a report on Wednesday, July 29th. Robert W. Baird set a $420.00 price target on Teradyne in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. upgraded shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $400.00 price target on the stock in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Teradyne currently has a consensus rating of "Moderate Buy" and a consensus target price of $396.80.

Teradyne Company 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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