United Services Automobile Association Buys New Shares in Teradyne, Inc. $TER

Key Points

• United Services Automobile Association has acquired a new position in Teradyne, Inc., purchasing 3,812 shares valued at around $316,000 during the first quarter of the fiscal year.
• CEO Gregory Stephen Smith sold 554 shares of Teradyne stock for approximately $58,724, reducing his ownership by 0.57% while still maintaining 96,993 shares.
• Several analysts have updated their ratings and price targets for Teradyne, with Morgan Stanley upgrading their rating and setting a target of $100, while UBS Group raised their target from $120 to $130.

United Services Automobile Association purchased a new position in Teradyne, Inc. (NASDAQ:TER - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,812 shares of the company's stock, valued at approximately $316,000.

A number of other large investors have also added to or reduced their stakes in the company. Snowden Capital Advisors LLC grew its holdings in Teradyne by 2.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company's stock worth $472,000 after acquiring an additional 103 shares during the last quarter. HighTower Advisors LLC grew its holdings in Teradyne by 1.0% in the 1st quarter. HighTower Advisors LLC now owns 12,528 shares of the company's stock worth $1,035,000 after acquiring an additional 124 shares during the last quarter. Manchester Capital Management LLC grew its holdings in Teradyne by 44.7% in the 1st quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock worth $37,000 after acquiring an additional 140 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Teradyne by 22.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 820 shares of the company's stock worth $68,000 after acquiring an additional 149 shares during the last quarter. Finally, Heritage Family Offices LLP grew its holdings in Teradyne by 6.7% in the 1st quarter. Heritage Family Offices LLP now owns 2,568 shares of the company's stock worth $212,000 after acquiring an additional 161 shares during the last quarter. Institutional investors own 99.77% of the company's stock.

Insider Transactions at Teradyne

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

Analysts Set New Price Targets

TER has been the topic of a number of recent analyst reports. Morgan Stanley raised shares of Teradyne from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $74.00 to $100.00 in a report on Thursday, July 31st. Cowen reissued a "buy" rating on shares of Teradyne in a report on Wednesday, July 30th. Cantor Fitzgerald set a $105.00 target price on shares of Teradyne and gave the company an "overweight" rating in a research note on Tuesday, June 24th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $85.00 target price on shares of Teradyne in a research note on Wednesday, July 30th. Finally, UBS Group reaffirmed a "buy" rating and set a $130.00 target price (up previously from $120.00) on shares of Teradyne in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $114.44.

Teradyne Trading Down 2.9%

Shares of TER opened at $112.24 on Friday. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $144.16. The firm has a market capitalization of $17.85 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 2.43 and a beta of 1.80. The firm's 50-day moving average price is $106.14 and its 200-day moving average price is $91.71.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The company had revenue of $651.80 million during the quarter, compared to analysts' expectations of $649.02 million. During the same period last year, the company posted $0.86 EPS. Teradyne's revenue 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, research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

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

About Teradyne

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.

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