Pacer Advisors Inc. Sells 10,704 Shares of Teradyne, Inc. $TER

Pacer Advisors Inc. decreased its holdings in Teradyne, Inc. (NASDAQ:TER) by 44.3% during the 4th quarter, HoldingsChannel reports. The firm owned 13,471 shares of the company’s stock after selling 10,704 shares during the quarter. Pacer Advisors Inc.’s holdings in Teradyne were worth $2,607,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. raised its stake in Teradyne by 1.8% during the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock worth $444,000 after acquiring an additional 40 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of Teradyne by 1.2% in the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock valued at $645,000 after purchasing an additional 41 shares in the last quarter. Sapient Capital LLC grew its holdings in shares of Teradyne by 1.5% during the 4th quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock valued at $560,000 after purchasing an additional 43 shares during the last quarter. Truvestments Capital LLC grew its holdings in shares of Teradyne by 3.8% during the 4th quarter. Truvestments Capital LLC now owns 1,440 shares of the company’s stock valued at $279,000 after purchasing an additional 53 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Teradyne by 2.1% during the 4th quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock worth $529,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Down 8.1%

Shares of NASDAQ TER opened at $420.12 on Wednesday. The firm has a market cap of $65.77 billion, a PE ratio of 77.80, a P/E/G ratio of 1.88 and a beta of 1.79. Teradyne, Inc. has a 12-month low of $88.60 and a 12-month high of $459.19. The company’s fifty day simple moving average is $377.39 and its 200 day simple moving average is $304.32.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The company’s revenue for the quarter was up 87.0% compared to the same quarter last year. On average, equities analysts predict that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, May 21st. Teradyne’s payout ratio is 9.63%.

Key Stories Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Bank of America raised its price target on Teradyne to $525 from $365 and reiterated a Buy rating, signaling stronger upside expectations for the semiconductor test and automation company.
• Positive Sentiment: Robert W. Baird also boosted its price target on Teradyne to $446 from $350 and kept an Outperform rating, adding to analyst optimism around the shares.
• Positive Sentiment: Teradyne Robotics announced a collaboration with Vention to create a digital twin platform for Universal Robots cells, which could support its automation and robotics growth story.
• Neutral Sentiment: A recent report noted Teradyne has been trading with elevated volume and has already run well above its longer-term moving averages, suggesting the stock may be sensitive to profit-taking and broader market swings.
• Negative Sentiment: Despite the positive analyst actions, TER still declined more than the general market in the latest session, indicating investors are currently prioritizing risk-off sentiment or locking in gains.

Analysts Set New Price Targets

A number of brokerages have recently commented on TER. Morgan Stanley set a $387.00 price target on Teradyne in a research note on Thursday, April 30th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research report on Thursday, April 30th. Citigroup upped their target price on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Bank of America increased their target price on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus lifted their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and a consensus price target of $363.87.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the completion of the transaction, the chief executive officer directly owned 124,470 shares in the company, valued at $42,192,840.60. This trade represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the sale, the vice president directly owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 14,941 shares of company stock valued at $5,444,112. Corporate insiders own 0.19% of the company’s stock.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.