Kayne Anderson Rudnick Investment Management LLC Trims Holdings in Teradyne, Inc. $TER

Key Points

• Kayne Anderson Rudnick Investment Management LLC drastically reduced its stake in Teradyne, Inc. by 98.2%, selling over 3 million shares and now owning just 54,984 shares worth $4.54 million.
• Several other hedge funds have increased their stakes in Teradyne during the same quarter, indicating strong institutional interest, with most investors holding a combined 99.77% of the company.
• Teradyne recently reported earnings per share (EPS) of $0.57, surpassing expectations, and announced a quarterly dividend of $0.12, reflecting a commitment to return capital to shareholders.

Kayne Anderson Rudnick Investment Management LLC decreased its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 98.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,984 shares of the company's stock after selling 3,033,025 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in Teradyne were worth $4,542,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Berbice Capital Management LLC increased its holdings 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 purchasing an additional 200 shares during the last quarter. Manchester Capital Management LLC grew its position in shares of Teradyne by 44.7% during the 1st quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock worth $37,000 after purchasing an additional 140 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Teradyne by 189.9% during the 1st quarter. Brooklyn Investment Group now owns 461 shares of the company's stock worth $38,000 after acquiring an additional 302 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of Teradyne during the 1st quarter worth approximately $45,000. Finally, AdvisorNet Financial Inc grew its holdings in shares of Teradyne by 319.0% during the 1st quarter. AdvisorNet Financial Inc now owns 595 shares of the company's stock valued at $49,000 after purchasing an additional 453 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 554 shares of the firm'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 sale, the chief executive officer owned 96,993 shares in the company, valued at approximately $10,281,258. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

TER has been the topic of several recent research reports. UBS Group reiterated a "buy" rating and set a $130.00 target price (up from $120.00) on shares of Teradyne in a research report on Thursday, July 31st. Morgan Stanley raised Teradyne from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $74.00 to $100.00 in a report on Thursday, July 31st. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $85.00 target price on shares of Teradyne in a report on Wednesday, July 30th. Stifel Nicolaus increased their price objective on Teradyne from $85.00 to $100.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Finally, Wall Street Zen cut Teradyne from a "hold" rating to a "sell" rating in a research report on Sunday, August 24th. 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 assigned a Sell rating to the company. According to data from MarketBeat, Teradyne presently has an average rating of "Moderate Buy" and an average target price of $114.44.

Teradyne Stock Performance

Shares of Teradyne stock traded up $0.35 during midday trading on Friday, reaching $118.24. 4,107,503 shares of the company's stock traded hands, compared to its average volume of 3,577,917. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $144.16. The stock has a 50 day moving average of $100.81 and a 200-day moving average of $91.32. The company has a market cap of $18.81 billion, a PE ratio of 40.91, a price-to-earnings-growth ratio of 2.49 and a beta of 1.72.

Teradyne (NASDAQ:TER - Get Free Report) last posted its 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 firm had revenue of $651.80 million for the quarter, compared to the consensus estimate of $649.02 million. During the same quarter in the prior year, the business earned $0.86 EPS. The business's revenue for the quarter 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 anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 5th will be issued a $0.12 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.48 annualized dividend and a 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.