Saturna Capital Corp Sells 1,387 Shares of Teradyne, Inc. $TER

Saturna Capital Corp decreased its position in Teradyne, Inc. (NASDAQ:TER) by 24.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,303 shares of the company’s stock after selling 1,387 shares during the period. Saturna Capital Corp’s holdings in Teradyne were worth $1,276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC raised its stake in Teradyne by 12.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after buying an additional 468 shares during the period. Caxton Associates LLP bought a new position in Teradyne during the first quarter worth about $297,000. Cresset Asset Management LLC grew its stake in Teradyne by 11.6% in the second quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock valued at $608,000 after acquiring an additional 702 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Teradyne by 467.1% in the second quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock worth $306,000 after acquiring an additional 2,807 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Teradyne by 5.1% in the second quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock worth $6,755,000 after acquiring an additional 3,651 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne News Roundup

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne is rising with other semiconductor equipment names as dip buyers return to the market and re-enter AI-linked stocks after a sharp sector pullback. Seagate, Western Digital, FormFactor, Amkor, and Teradyne Shares Are Soaring, What You Need To Know
• Positive Sentiment: Wall Street expects Teradyne to report earnings growth next week, and coverage suggests the company has a favorable setup for a potential earnings beat. Teradyne (TER) Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Teradyne was also highlighted as an AI semiconductor supply-chain stock that may benefit from the recent dip, with demand for chip testing and packaging still supported by AI spending trends. 4 AI Semiconductor Supply-Chain Stocks to Buy on the Recent Dip
• Neutral Sentiment: The latest market backdrop remains mixed, with chip stocks rebounding even as broader investors stay focused on earnings and macro uncertainty.

Teradyne Price Performance

TER opened at $374.04 on Wednesday. The company has a market capitalization of $58.55 billion, a price-to-earnings ratio of 69.27, a P/E/G ratio of 0.97 and a beta of 1.74. The business’s 50-day moving average price is $381.71 and its two-hundred day moving average price is $330.32. Teradyne, Inc. has a 1 year low of $89.18 and a 1 year high of $487.91.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.Teradyne’s revenue for the quarter was up 87.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. Sell-side analysts anticipate that Teradyne, Inc. will post 7.2 earnings per share for the current fiscal year.

Teradyne Increases Dividend

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

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 8,597 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $42,192,840.60. This trade represents a 6.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the completion of the sale, the vice president owned 7,665 shares in the company, valued at $2,894,304. This trade represents 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. Insiders sold 14,941 shares of company stock valued at $5,444,112 in the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TER has been the topic of several recent analyst reports. UBS Group lifted their price objective on Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings cut Teradyne from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Robert W. Baird lifted their price target on shares of Teradyne from $350.00 to $446.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Finally, Bank of America upped their price target on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $394.53.

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.