Teradyne, Inc. $TER Stock: Rakuten Investment Management Inc. Increases Stake

Rakuten Investment Management Inc. raised its position in shares of Teradyne, Inc. (NASDAQ:TER) by 13.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 65,613 shares of the company’s stock after buying an additional 7,676 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Teradyne were worth $26,443,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TER. BlackRock Inc. bought a new stake in shares of Teradyne in the 2nd quarter valued at about $9,404,408,000. State Street Corp raised its stake in shares of Teradyne by 4.6% during the 2nd quarter. State Street Corp now owns 7,290,460 shares of the company’s stock worth $3,527,416,000 after acquiring an additional 320,034 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Teradyne by 5.0% during the 2nd quarter. Van ECK Associates Corp now owns 2,607,914 shares of the company’s stock worth $1,261,813,000 after acquiring an additional 123,549 shares in the last quarter. ABS Investment Management LLC purchased a new stake in Teradyne during the second quarter valued at approximately $1,006,387,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Teradyne by 0.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,978,124 shares of the company’s stock valued at $957,096,000 after acquiring an additional 12,659 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

More Teradyne News

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: UBS sees substantial upside: Despite Teradyne’s recent weekly decline, UBS reportedly sees 61% upside, offering a bullish counterpoint to the selloff. Teradyne Lost 17% in a Week. UBS Still Sees 61% Upside
• Positive Sentiment: Growth and AI-related optimism: Coverage describes Teradyne as a strong growth stock, while another report points to robotics profitability broadening the company’s AI growth profile. These themes may reinforce investor expectations for growth. Teradyne (TER) is an Incredible Growth Stock: 3 Reasons Why Teradyne stock: Robotics profitability broadens AI growth profile
• Positive Sentiment: Estimate revisions and oversold conditions: Zacks cited higher analyst earnings estimates and technically oversold conditions as reasons the stock could be positioned for a reversal after its steep decline. Down 38.9% in 4 Weeks, Here’s Why You Should You Buy the Dip in Teradyne
• Neutral Sentiment: A comparison of Teradyne and Flex as value stocks offers investors a valuation perspective, but the available article summary does not state which company it favors. FLEX or TER: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: The recent reports note a steep short-term share-price decline, highlighting ongoing volatility even as some analysts see recovery potential.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Evercore restated an “outperform” rating and issued a $420.00 target price on shares of Teradyne in a research note on Thursday, July 30th. Morgan Stanley upped their price target on Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Weiss Ratings raised Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 29th. UBS Group decreased their price objective on Teradyne from $485.00 to $430.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $550.00 price objective on shares of Teradyne in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $405.86.

Teradyne Price Performance

Shares of TER stock opened at $269.35 on Wednesday. The firm has a market capitalization of $42.05 billion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 0.51 and a beta of 1.73. The business has a fifty day moving average of $360.00 and a 200 day moving average of $348.75. Teradyne, Inc. has a 1 year low of $151.52 and a 1 year high of $487.91.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.20. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. Teradyne had a return on equity of 43.81% and a net margin of 27.46%. The company’s revenue was up 69.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. As a group, equities research analysts expect that Teradyne, Inc. will post 9.36 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s payout ratio is 5.97%.

Insider Buying and Selling

In related news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $341.28, for a total value of $1,365,120.00. Following the sale, the chief executive officer owned 104,495 shares in the company, valued at $35,662,053.60. This represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,000 shares of company stock valued at $4,416,440 in the last 90 days. 0.19% of the stock is owned by corporate insiders.

Teradyne Profile

Teradyne, Inc develops and supplies automated test equipment and industrial automation products. Its systems help manufacturers test the functionality, performance, and reliability of semiconductor devices, electronic systems, wireless products, and other complex products throughout the production process.

The company’s product portfolio includes semiconductor test systems, memory and system-level test equipment, and solutions for printed circuit boards and electronic products. Teradyne also provides collaborative robots through Universal Robots and autonomous mobile robots through Mobile Industrial Robots (MiR), supporting applications such as assembly, material handling, machine tending, packaging, and warehouse logistics.

Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers worldwide, including semiconductor manufacturers, electronics producers, automotive companies, and industrial businesses.