Teradyne, Inc. $TER Stock Position Cut by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management reduced its Teradyne stake by 17.1% in Q4, selling 369,092 shares and ending the period with 1,783,216 shares (about 1.14% of the company) worth roughly $345.2 million.
• Recent operational catalysts — a German court injunction strengthening Teradyne's robotics IP, an expanded partnership with Flex, and a strong quarterly earnings beat — support near‑term revenue and margin upside for Teradyne Robotics and semiconductor test businesses.
• Brokerages have upgraded Teradyne and raised price targets (average target ~$314.53), but the stock trades well above that with a market cap of ~$65.5B and a high P/E (~120), highlighting elevated valuation and potential pullback risk if results disappoint.

Pictet Asset Management Holding SA cut its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,783,216 shares of the company's stock after selling 369,092 shares during the period. Pictet Asset Management Holding SA owned approximately 1.14% of Teradyne worth $345,208,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TER. Quent Capital LLC raised its stake in shares of Teradyne by 3.8% in the 4th quarter. Quent Capital LLC now owns 1,738 shares of the company's stock worth $336,000 after buying an additional 63 shares in the last quarter. Huntington National Bank grew its holdings in Teradyne by 1.8% during the third quarter. Huntington National Bank now owns 3,566 shares of the company's stock worth $491,000 after acquiring an additional 64 shares during the period. Choreo LLC raised its position in Teradyne by 2.2% in the fourth quarter. Choreo LLC now owns 3,043 shares of the company's stock worth $599,000 after acquiring an additional 66 shares in the last quarter. Signaturefd LLC lifted its holdings in Teradyne by 9.7% in the 4th quarter. Signaturefd LLC now owns 772 shares of the company's stock valued at $149,000 after acquiring an additional 68 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Teradyne by 5.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,312 shares of the company's stock valued at $181,000 after acquiring an additional 69 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne News Summary

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Court injunction in Germany strengthens Teradyne's robotics IP protection and constrains a rival's use of Universal Robots software, reducing competitive risk for Teradyne Robotics and supporting future revenue/margin prospects. Teradyne (TER) Wins Injunction in Robotics Copyright Case
• Positive Sentiment: Teradyne has a strong earnings-surprise history and analysts expect Q1 upside driven by AI demand and strength in semiconductor test — a continued beat could lift the stock. Will Teradyne (TER) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Expanded partnership with Flex aims to scale intelligent automation deployment for Teradyne Robotics, supporting revenue expansion and customer reach in industrial automation. Flex and Teradyne Robotics Expand Partnership to Scale Intelligent Automation
• Positive Sentiment: Recent analyst write-ups position TER as a momentum/top-pick stock, reflecting strong market sentiment that can attract flows from momentum-focused funds. Are You Looking for a Top Momentum Pick? Why Teradyne (TER) is a Great Choice
• Neutral Sentiment: Pieces highlighting 10-year returns and long-term investor gains underline strong historical performance but are informational rather than near-term catalysts. Here's How Much a $1000 Investment in Teradyne Made 10 Years Ago Would Be Worth Today
• Neutral Sentiment: Wall Street previews and metric-level estimates for Q1 give investors read-throughs but are mainly background for the upcoming report. Stay Ahead of the Game With Teradyne (TER) Q1 Earnings: Wall Street's Insights on Key Metrics
• Neutral Sentiment: Comparative pieces (e.g., RAYA vs TER) are low-impact for Teradyne's near-term price action. Erayak Power Solution Group NASDAQ: RAYA vs. Teradyne NASDAQ: TER Head to Head Survey
• Negative Sentiment: Valuation concerns after a sharp multi‑month rally: TER's P/E is elevated and the stock has run significantly YTD, which raises pullback risk if upcoming earnings or guidance disappoint. Teradyne (TER) Valuation Check After Strong Multi‑Month Share Price Rally

Analysts Set New Price Targets

Several brokerages have recently issued reports on TER. Wall Street Zen raised shares of Teradyne from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. Citigroup lifted their price target on shares of Teradyne from $215.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, February 4th. TD Cowen reaffirmed a "buy" rating on shares of Teradyne in a report on Thursday, January 22nd. Cantor Fitzgerald raised their price objective on Teradyne from $330.00 to $400.00 and gave the stock an "overweight" rating in a research note on Thursday, April 9th. Finally, Robert W. Baird lifted their target price on Teradyne from $305.00 to $332.00 and gave the stock an "outperform" rating in a report on Monday, March 30th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $314.53.

Teradyne Stock Performance

Teradyne stock opened at $418.08 on Monday. The company has a 50 day moving average price of $325.46 and a 200 day moving average price of $244.39. Teradyne, Inc. has a 52 week low of $71.27 and a 52 week high of $422.11. The firm has a market capitalization of $65.45 billion, a price-to-earnings ratio of 120.14, a P/E/G ratio of 2.46 and a beta of 1.79.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.44. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $970.44 million. During the same quarter in the prior year, the company earned $0.95 earnings per share. The company's revenue for the quarter was up 43.9% on a year-over-year basis. Equities analysts forecast that Teradyne, Inc. will post 6.22 earnings per share for the current fiscal year.

About Teradyne

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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