Versor Investments LP Invests $628,000 in Teradyne, Inc. $TER

Key Points

• Versor Investments LP has invested approximately $628,000 to acquire a new stake in Teradyne, Inc., purchasing 7,603 shares of the company during the first quarter.
• Several institutional investors, including Vanguard Group and Ameriprise Financial, have also increased their holdings in Teradyne, demonstrating strong interest from the institutional sector.
• Teradyne reported earnings of $0.57 per share for the last quarter, exceeding analysts' expectations, although its revenue declined by 10.7% year-over-year.

Versor Investments LP purchased a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,603 shares of the company's stock, valued at approximately $628,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Teradyne by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 20,922,231 shares of the company's stock valued at $1,728,176,000 after buying an additional 516,332 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Teradyne by 28.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock worth $608,025,000 after acquiring an additional 1,065,474 shares in the last quarter. Aspex Management HK Ltd boosted its holdings in shares of Teradyne by 35.5% in the fourth quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company's stock worth $407,331,000 after acquiring an additional 847,409 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Teradyne by 4.6% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,957,049 shares of the company's stock worth $244,252,000 after acquiring an additional 131,152 shares during the period. Finally, Invesco Ltd. grew its position in shares of Teradyne by 16.1% in the first quarter. Invesco Ltd. now owns 2,790,898 shares of the company's stock valued at $230,528,000 after purchasing an additional 387,705 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 554 shares of the company's stock in a transaction 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 directly owned 96,993 shares in the company, valued at approximately $10,281,258. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.16% of the company's stock.

Teradyne Trading Up 0.2%

Shares of NASDAQ TER opened at $110.62 on Wednesday. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $144.16. The firm has a market capitalization of $17.60 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 2.31 and a beta of 1.72. The business has a 50-day moving average of $96.12 and a 200-day moving average of $91.17.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share 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 business had revenue of $651.80 million for the quarter, compared to the consensus estimate of $649.02 million. During the same period last year, the firm posted $0.86 earnings per share. Teradyne's quarterly 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, analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne announced that its Board of Directors has initiated a stock buyback program on Monday, April 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TER. Susquehanna dropped their price objective on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus lifted their target price on Teradyne from $85.00 to $100.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Wall Street Zen upgraded Teradyne from a "sell" rating to a "hold" rating in a research report on Saturday. Cowen restated a "buy" rating on shares of Teradyne in a research report on Wednesday, July 30th. Finally, Morgan Stanley raised shares of Teradyne from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $74.00 to $100.00 in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $114.44.

Teradyne 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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