Mawer Investment Management Ltd. boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 134.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,522 shares of the company’s stock after buying an additional 48,525 shares during the period. Mawer Investment Management Ltd. owned 0.05% of Teradyne worth $33,886,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Next Level Wealth Planning LLC purchased a new position in shares of Teradyne during the 3rd quarter worth $27,000. Community Financial Services Group LLC purchased a new stake in shares of Teradyne in the second quarter valued at about $29,000. McIlrath & Eck LLC purchased a new stake in shares of Teradyne in the first quarter valued at about $30,000. Elevation Wealth Partners LLC grew its holdings in shares of Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after purchasing an additional 66 shares during the period. Finally, Signature Equity Partners LLC increased its position in Teradyne by 97.7% during the third quarter. Signature Equity Partners LLC now owns 87 shares of the company’s stock worth $35,000 after purchasing an additional 43 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.
Top Teradyne Stories
Here are a few of the latest stories about TER:
- Positive Sentiment: Teradyne launched Omnyx Edge, a test platform for edge-AI systems, broadening its exposure to physical AI testing. Teradyne launches Omnyx Edge
- Neutral Sentiment: Teradyne was among several semiconductor-related stocks reported to have fallen sharply, reflecting broader weakness across the group. Semiconductor shares fall
- Negative Sentiment: Recent chip-equipment sector selling has been linked to concerns about AI regulation and slower data-center spending, weighing on sentiment even after Teradyne’s strong quarterly growth. Chip-equipment selloff
Teradyne Stock Down 5.4%
NASDAQ:TER traded down $14.20 on Friday, reaching $249.55. The company’s stock had a trading volume of 3,075,457 shares, compared to its average volume of 4,477,403. Teradyne, Inc. has a 12-month low of $151.52 and a 12-month high of $487.91. The firm has a market cap of $38.96 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 0.52 and a beta of 1.73. The stock has a 50 day moving average price of $342.61 and a 200 day moving average price of $349.31.
Teradyne (NASDAQ:TER – Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.20. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 EPS. Equities research analysts expect that Teradyne, Inc. will post 9.41 EPS for the current fiscal year.
Teradyne Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Monday, November 23rd will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, November 23rd. Teradyne’s payout ratio is 5.97%.
Insider Buying and Selling
In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $341.28, for a total value of $1,365,120.00. Following the transaction, the chief executive officer owned 104,495 shares of the company’s stock, valued at $35,662,053.60. This represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,000 shares of company stock valued at $4,416,440 over the last 90 days. Corporate insiders own 0.19% of the company’s stock.
Analysts Set New Price Targets
TER has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of 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 lowered shares of Teradyne from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Robert W. Baird cut shares of Teradyne from an “outperform” rating to a “neutral” rating and set a $420.00 price target for the company. in a research note on Friday, August 21st. UBS Group dropped their price target on shares of Teradyne from $485.00 to $430.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Finally, Jefferies Financial Group started coverage on shares of Teradyne in a report on Wednesday. They set a “buy” rating and a $284.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and a consensus target price of $397.73.
View Our Latest Report on Teradyne
Teradyne Company Profile
Teradyne, Inc. develops and supplies automated test equipment and robotics used by manufacturers around the world. Its test systems help customers evaluate the performance and reliability of semiconductor devices, electronic products, wireless components and storage products. The company’s offerings include semiconductor test systems, system-level test equipment and wireless test solutions. Teradyne also serves industrial automation markets through Universal Robots, which makes collaborative robots, and Mobile Industrial Robots, which develops autonomous mobile robots for moving materials in factories and other facilities.
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