2,604 Teradyne, Inc. $TER Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC lowered its stake in Teradyne, Inc. (NASDAQ:TER) by 20.1% during the third quarter, HoldingsChannel.com reports. The firm owned 10,343 shares of the company’s stock after selling 2,604 shares during the period. Lmcg Investments LLC’s holdings in Teradyne were worth $4,147,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Community Financial Services Group LLC acquired a new stake in shares of Teradyne during the second quarter worth $29,000. McIlrath & Eck LLC acquired a new position in Teradyne in the first quarter valued at about $30,000. Elevation Wealth Partners LLC lifted its stake in 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 buying an additional 66 shares during the period. Mcdonald Partners LLC bought a new position in Teradyne during the second quarter worth about $36,000. Finally, Hilltop National Bank acquired a new position in shares of Teradyne during the 2nd quarter worth about $41,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Trading Up 2.6%

Shares of NASDAQ TER opened at $345.49 on Thursday. The firm has a market cap of $54.01 billion, a PE ratio of 47.39, a PEG ratio of 0.68 and a beta of 1.75. Teradyne, Inc. has a 1-year low of $135.83 and a 1-year high of $487.91. The company has a fifty day moving average price of $377.45 and a 200 day moving average price of $375.23.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The firm’s revenue for the quarter was up 103.9% on a year-over-year basis. Equities research analysts forecast that Teradyne, Inc. will post 9.11 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, September 4th. Teradyne’s payout ratio is presently 7.13%.

Key Teradyne News

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Physical-AI partnership expands growth opportunity: Teradyne Robotics is partnering with Sereact to deploy AI-enabled robotic systems for difficult-to-automate retail and logistics tasks, including processing fashion returns. The collaboration could support adoption of Teradyne’s Universal Robots and Mobile Industrial Robots platforms. Teradyne Robotics and Sereact Partner to Scale Physical AI Solutions for Retail and Logistics
• Positive Sentiment: UBS sets a significantly higher price target: UBS reportedly established a $485 target for Teradyne, providing bullish support and signaling confidence in the company’s semiconductor-test and automation exposure. Teradyne Inc. stock: UBS sets USD 485.00 target pre-market
• Positive Sentiment: Strong earnings momentum raises expectations: Teradyne’s latest quarter significantly exceeded consensus estimates, with revenue up more than 100% year over year. Investors will look for continued strength in semiconductor test and robotics demand in the upcoming report. Teradyne stock: October 27 results put Teradyne stock to the test
• Neutral Sentiment: Analyst sentiment remains favorable but valuation is elevated: Teradyne has a consensus “Moderate Buy” rating and an average target of $396.80, although its high earnings multiple leaves the stock sensitive to any earnings or guidance disappointment.
• Negative Sentiment: Insider selling adds a modest cautionary signal: CEO Gregory Smith sold 4,000 shares worth approximately $1.37 million. The transaction occurred under a pre-arranged Rule 10b5-1 plan, reducing its significance, but it follows additional sales by the CEO.

Wall Street Analyst Weigh In

TER has been the subject of several analyst reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $420.00 price target on shares of Teradyne in a research note on Friday, August 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $465.00 price target on shares of Teradyne in a research report on Tuesday, July 28th. Evercore reissued an “outperform” rating and set a $420.00 price objective on shares of Teradyne in a research note on Thursday, July 30th. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 price objective on shares of Teradyne in a report on Wednesday, July 29th. Finally, Wall Street Zen downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Monday, September 28th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $341.28, for a total transaction of $1,365,120.00. Following the sale, the chief executive officer directly owned 104,495 shares of the company’s stock, valued at $35,662,053.60. The trade was a 3.69% decrease in their position. The sale 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. Over the last quarter, insiders have sold 12,000 shares of company stock worth $4,416,440. Insiders own 0.19% of the company’s stock.

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.