Jacobs Levy Equity Management Inc. Sells 47,756 Shares of Teradyne, Inc. $TER

Key Points

• Jacobs Levy Equity Management reduced its holdings in Teradyne, Inc. by 7.5%, selling 47,756 shares during the first quarter, while retaining a value of approximately $48.7 million.
• Various hedge funds increased their stakes in Teradyne, notably AdvisorNet Financial Inc., which grew its position by 319% in the same period, underscoring strong institutional interest.
• Teradyne's stock has seen fluctuating analyst ratings; while some firms have a "buy" rating with target prices up to $130, Goldman Sachs maintains a "sell" rating with a price target of $85.

Jacobs Levy Equity Management Inc. trimmed its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 7.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 589,504 shares of the company's stock after selling 47,756 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.37% of Teradyne worth $48,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Berbice Capital Management LLC raised its holdings in shares of Teradyne by 200.0% during the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Teradyne by 44.7% in the 1st 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 last quarter. Brooklyn Investment Group lifted its holdings in shares of Teradyne by 189.9% in the 1st 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 last quarter. Sentry Investment Management LLC bought a new position in shares of Teradyne in the 1st quarter valued at about $45,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Teradyne by 319.0% in the 1st 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 last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 554 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $106.00, for a total value of $58,724.00. Following the completion of the transaction, the chief executive officer owned 96,993 shares of the company's stock, valued at $10,281,258. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of Teradyne from a "sell" rating to a "hold" rating in a report on Monday, September 1st. UBS Group reissued a "buy" rating and set a $130.00 target price (up previously from $120.00) on shares of Teradyne in a research report on Thursday, July 31st. JPMorgan Chase & Co. restated a "neutral" rating and set a $102.00 price target (up previously from $88.00) on shares of Teradyne in a report on Thursday, July 17th. Morgan Stanley upgraded Teradyne from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $74.00 to $100.00 in a report on Thursday, July 31st. Finally, Stifel Nicolaus increased their price target on Teradyne from $85.00 to $100.00 and gave the company a "hold" rating in a report on Thursday, July 31st. One 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 given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $114.44.

Teradyne Stock Performance

Teradyne stock traded down $2.26 during mid-day trading on Thursday, hitting $115.57. The company's stock had a trading volume of 1,109,628 shares, compared to its average volume of 3,486,768. The stock has a market cap of $18.38 billion, a PE ratio of 40.04, a P/E/G ratio of 2.42 and a beta of 1.80. The company has a 50 day moving average of $105.29 and a 200-day moving average of $91.69. Teradyne, Inc. has a one year low of $65.77 and a one year high of $144.16.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.03. The business had revenue of $651.80 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $0.86 earnings per share. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. On average, equities research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.4%. Teradyne's dividend payout ratio (DPR) is currently 16.61%.

Teradyne Company 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.