VELA Investment Management LLC Has $4.11 Million Stake in Teradyne, Inc. $TER

Key Points

• VELA Investment Management LLC significantly increased its ownership in Teradyne, Inc. by 119.7% in the second quarter, now holding 45,700 shares valued at over $4 million.
• Teradyne's recent quarterly earnings beat analysts' expectations with earnings per share of $0.57, despite a 10.7% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.12 per share, representing an annualized yield of 0.3% with a payout ratio of 16.61%.

VELA Investment Management LLC raised its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 119.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 45,700 shares of the company's stock after purchasing an additional 24,897 shares during the period. Teradyne makes up approximately 1.1% of VELA Investment Management LLC's portfolio, making the stock its 22nd biggest holding. VELA Investment Management LLC's holdings in Teradyne were worth $4,109,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TER. Vanguard Group Inc. grew its position in Teradyne by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 20,922,231 shares of the company's stock worth $1,728,176,000 after purchasing an additional 516,332 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Teradyne by 26.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,118,297 shares of the company's stock worth $286,634,000 after purchasing an additional 652,175 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Teradyne by 4.6% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,957,049 shares of the company's stock worth $244,252,000 after purchasing an additional 131,152 shares in the last quarter. Invesco Ltd. grew its position in Teradyne by 16.1% in the 1st quarter. Invesco Ltd. now owns 2,790,898 shares of the company's stock worth $230,528,000 after purchasing an additional 387,705 shares in the last quarter. Finally, ARK Investment Management LLC grew its position in Teradyne by 16.7% in the 1st quarter. ARK Investment Management LLC now owns 2,243,590 shares of the company's stock worth $185,321,000 after purchasing an additional 320,580 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Trading Down 1.2%

Shares of TER stock opened at $139.30 on Friday. The stock has a market capitalization of $22.16 billion, a P/E ratio of 48.20, a PEG ratio of 2.96 and a beta of 1.82. The firm's 50 day moving average is $124.05 and its 200 day moving average is $98.17. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $150.71.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. The company had revenue of $651.80 million for the quarter, compared to analysts' expectations of $649.02 million. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. Teradyne's revenue was down 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 EPS. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. On average, equities analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 5th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, September 5th. Teradyne's dividend payout ratio is presently 16.61%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TER shares. Stifel Nicolaus upped their price objective on shares of Teradyne from $100.00 to $119.00 and gave the stock a "hold" rating in a research report on Monday. UBS Group reaffirmed a "buy" rating and issued a $130.00 price objective (up from $120.00) on shares of Teradyne in a research report on Thursday, July 31st. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $102.00 target price (up from $88.00) on shares of Teradyne in a research note on Thursday, July 17th. Weiss Ratings reiterated a "hold (c)" rating on shares of Teradyne in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research note on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.93.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the company's stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $145.24, for a total transaction of $160,925.92. Following the sale, the chief executive officer owned 94,777 shares of the company's stock, valued at approximately $13,765,411.48. This represents a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 3,324 shares of company stock worth $411,954. Corporate insiders own 0.16% of the company's stock.

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.

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