Teradyne, Inc. $TER Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its stake in Teradyne, Inc. (NASDAQ:TER) by 35.0% in the second quarter, Holdings Channel reports. The fund owned 3,311 shares of the company’s stock after selling 1,783 shares during the period. DAVENPORT & Co LLC’s holdings in Teradyne were worth $298,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Berbice Capital Management LLC grew its holdings in shares of Teradyne by 200.0% during the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the period. Manchester Capital Management LLC grew its holdings in shares of Teradyne by 44.7% during the 1st quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock worth $37,000 after purchasing an additional 140 shares during the period. Brooklyn Investment Group grew its holdings in shares of Teradyne by 189.9% during the 1st quarter. Brooklyn Investment Group now owns 461 shares of the company’s stock worth $38,000 after purchasing an additional 302 shares during the period. Steph & Co. purchased a new position in shares of Teradyne during the 2nd quarter worth $43,000. Finally, Summit Securities Group LLC purchased a new position in shares of Teradyne during the 1st quarter worth $58,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Price Performance

Shares of Teradyne stock opened at $132.08 on Monday. The business has a 50-day moving average of $121.40 and a 200 day moving average of $96.81. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $150.71. The stock has a market capitalization of $21.01 billion, a price-to-earnings ratio of 45.70, a price-to-earnings-growth ratio of 2.78 and a beta of 1.82.

Teradyne (NASDAQ:TER) last announced its 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 during the quarter, compared to analysts’ expectations of $649.02 million. Teradyne had a return on equity of 18.16% and a net margin of 16.59%.Teradyne’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. Equities research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 5th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, September 5th. Teradyne’s dividend payout ratio (DPR) is presently 16.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 price target (up from $88.00) on shares of Teradyne in a report on Thursday, July 17th. Cowen reiterated a “buy” rating on shares of Teradyne in a report on Wednesday, July 30th. Wall Street Zen upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Monday, September 1st. The Goldman Sachs Group increased their price target on Teradyne from $85.00 to $130.00 and gave the stock a “sell” rating in a report on Thursday. Finally, Stifel Nicolaus raised 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. One 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.27.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 554 shares of Teradyne stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $126.39, for a total value of $70,020.06. Following the completion of the transaction, the chief executive officer owned 95,885 shares in the company, valued at approximately $12,118,905.15. This trade represents a 0.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 2,216 shares of company stock valued at $251,028. Company insiders own 0.16% of the company’s stock.

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.