Woodline Partners LP Boosts Stock Holdings in Teradyne, Inc. $TER

Key Points

• Woodline Partners LP significantly increased its stake in Teradyne, Inc. by over 27,928.3% in the first quarter, acquiring 607,720 shares and totaling approximately 609,896 shares worth $50.4 million.
• Teradyne reported earnings of $0.57 per share for the last quarter, surpassing expectations, although revenue decreased by 10.7% year-over-year.
• The company announced a quarterly dividend payment of $0.12 per share, with a yield of 0.4%, which will be distributed to shareholders on September 29th.

Woodline Partners LP boosted its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 27,928.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 609,896 shares of the company's stock after purchasing an additional 607,720 shares during the quarter. Woodline Partners LP owned about 0.38% of Teradyne worth $50,377,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several analysts have issued reports on TER shares. Cantor Fitzgerald set a $105.00 price objective on shares of Teradyne and gave the company an "overweight" rating in a research report on Tuesday, June 24th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $102.00 price target (up from $88.00) on shares of Teradyne in a report on Thursday, July 17th. UBS Group reaffirmed a "buy" rating and issued a $130.00 price target (up from $120.00) on shares of Teradyne in a report on Thursday, July 31st. Stifel Nicolaus increased their price target on Teradyne from $85.00 to $100.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Finally, Cowen reissued a "buy" rating on shares of Teradyne in a research note on Wednesday, July 30th. 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $114.44.

Teradyne Stock Performance

Shares of TER stock traded down $2.26 during mid-day trading on Thursday, reaching $115.56. The company's stock had a trading volume of 4,023,672 shares, compared to its average volume of 3,217,150. The firm's 50-day moving average is $105.75 and its two-hundred day moving average is $91.71. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $144.16. The company has a market cap of $18.38 billion, a P/E ratio of 39.99, a PEG ratio of 2.48 and a beta of 1.80.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) 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 analysts' expectations of $649.02 million. During the same quarter last year, the business earned $0.86 earnings per share. The company's revenue was down 10.7% compared to the same quarter last year. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. Sell-side analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 5th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.4%. Teradyne's dividend payout ratio is 16.61%.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 554 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $106.00, for a total value of $58,724.00. Following the transaction, the chief executive officer owned 96,993 shares of the company's stock, valued at approximately $10,281,258. This trade represents a 0.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

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.