Empowered Funds LLC Takes $21.61 Million Position in Teradyne, Inc. $TER

Empowered Funds LLC bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the second quarter, Holdings Channel reports. The fund bought 44,660 shares of the company’s stock, valued at approximately $21,608,000.

Other large investors have also bought and sold shares of the company. Community Financial Services Group LLC acquired a new stake in shares of Teradyne in the second quarter valued at about $29,000. Elevation Wealth Partners LLC raised its holdings in Teradyne by 1,320.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after purchasing an additional 66 shares during the last quarter. Mcdonald Partners LLC acquired a new position in shares of Teradyne in the 2nd quarter worth approximately $36,000. Hilltop National Bank bought a new stake in shares of Teradyne in the 2nd quarter valued at $41,000. Finally, McIlrath & Eck LLC bought a new position in Teradyne during the first quarter worth $30,000. 99.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the completion of the transaction, the chief executive officer owned 112,495 shares in the company, valued at $47,810,375. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal 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. Company insiders own 0.19% of the company’s stock.

More Teradyne News

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: AI is creating a longer-term growth opportunity. Teradyne’s testing platforms are benefiting from rising complexity in AI processors, high-bandwidth memory and photonics. AI-related revenue reportedly exceeds 60%, while management expects strong growth through 2026 and 2027. Teradyne: AI Is Turning Test Into A Structural Growth Market
• Positive Sentiment: Datacenter and memory demand are supporting Teradyne’s outlook. AI-driven datacenter investment, strong memory demand and strategic initiatives are strengthening the company’s competitive prospects relative to Cisco Systems and Vertiv. Strong Datacenter Growth Boosts TER’s Prospects Against CSCO & VRT
• Positive Sentiment: Recent earnings and estimate revisions are supporting the rally. Teradyne’s latest quarter materially exceeded expectations, with earnings of $2.47 per share versus the $2.09 consensus and revenue of $1.33 billion versus $1.22 billion. Revenue more than doubled year over year, and upward earnings-estimate revisions are viewed as a potential near-term catalyst. Why Is Teradyne Up Since Last Earnings Report?
• Positive Sentiment: Analysts see additional upside. The consensus price target implies approximately 25% potential appreciation, although target prices alone have limited predictive value. Wall Street Analysts Believe Teradyne Could Rally
• Neutral Sentiment: Teradyne Robotics is escalating intellectual-property enforcement by suing another Chinese collaborative-robot manufacturer over alleged copycat products. The action could help protect Teradyne’s technology and market position, but litigation introduces uncertainty and potential costs. Teradyne Robotics Ramps Up Fight Against Cobot Copycats

Analyst Ratings Changes

A number of brokerages have weighed in on TER. Evercore reiterated an “outperform” rating and set a $420.00 price target on shares of Teradyne in a report on Thursday, July 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $550.00 price target on shares of Teradyne in a research note on Wednesday, July 29th. Citigroup boosted their target price on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised shares of 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. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $420.00 price target on shares of Teradyne in a research note on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

Teradyne Trading Up 2.5%

Shares of NASDAQ TER opened at $372.06 on Friday. The stock has a fifty day simple moving average of $382.03 and a two-hundred day simple moving average of $356.93. Teradyne, Inc. has a 1-year low of $109.56 and a 1-year high of $487.91. The firm has a market cap of $58.17 billion, a price-to-earnings ratio of 51.04, a price-to-earnings-growth ratio of 0.73 and a beta of 1.78.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 103.9% compared to the same quarter last year. Analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 annualized dividend and a yield of 0.1%. Teradyne’s payout ratio is 7.13%.

Teradyne Profile

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.