Freestone Grove Partners LP Buys Shares of 36,487 Teradyne, Inc. $TER

Freestone Grove Partners LP bought a new position in Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 36,487 shares of the company’s stock, valued at approximately $17,654,000.

Several other hedge funds have also recently modified their holdings of TER. Caitong International Asset Management Co. Ltd bought a new stake in Teradyne in the 4th quarter worth about $28,000. Community Financial Services Group LLC bought a new position in Teradyne during the 2nd quarter valued at about $29,000. McIlrath & Eck LLC bought a new position in Teradyne during the 1st quarter valued at about $30,000. Elevation Wealth Partners LLC boosted its holdings in shares of Teradyne by 1,320.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after acquiring an additional 66 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Teradyne during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the chief executive officer owned 112,495 shares of the company’s stock, valued at $47,810,375. The trade was a 3.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by corporate insiders.

Key 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

Several research firms have recently weighed in on TER. Cantor Fitzgerald reissued an “overweight” rating and set a $550.00 price objective on shares of Teradyne in a report on Wednesday, July 29th. Evercore restated an “outperform” rating and issued a $420.00 target price on shares of Teradyne in a report on Thursday, July 30th. Bank of America lifted their target price on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Robert W. Baird reissued a “neutral” rating and set a $420.00 price target on shares of Teradyne in a report on Friday, August 21st. One equities 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. According to MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and a consensus price target of $396.80.

Teradyne Stock Up 2.5%

NASDAQ TER opened at $372.06 on Friday. The company has a 50-day moving average price of $382.03 and a 200-day moving average price of $356.93. Teradyne, Inc. has a 52 week low of $109.56 and a 52 week high of $487.91. The firm has a market capitalization of $58.17 billion, a P/E ratio of 51.04, a PEG ratio of 0.73 and a beta of 1.78.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm’s revenue was up 103.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. As a group, equities research analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current year.

Teradyne Dividend Announcement

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