CIBC Asset Management Inc Acquires 14,469 Shares of Teradyne, Inc. $TER

CIBC Asset Management Inc boosted its position in Teradyne, Inc. (NASDAQ:TER) by 65.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 36,716 shares of the company’s stock after buying an additional 14,469 shares during the quarter. CIBC Asset Management Inc’s holdings in Teradyne were worth $7,107,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Davidson Capital Management Inc. acquired a new position in shares of Teradyne during the 3rd quarter worth $31,000. CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne during the 2nd quarter worth $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Teradyne during the 4th quarter worth $37,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Teradyne during the 3rd quarter worth $41,000. Finally, True Wealth Design LLC raised its holdings in shares of Teradyne by 49.6% during the 4th quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $41,000 after buying an additional 70 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 8,597 shares of the firm’s stock in a transaction 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 owned 124,470 shares of the company’s stock, valued at approximately $42,192,840.60. This trade represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 the firm’s stock in a transaction 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 transaction, the vice president directly owned 7,665 shares of the company’s stock, valued at $2,894,304. The trade was a 8.15% decrease in their position. 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 90 days, insiders sold 10,941 shares of company stock valued at $3,751,992. Insiders own 0.19% of the company’s stock.

Teradyne News Roundup

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne is being highlighted as a beneficiary of surging AI-driven test and robotics demand, with one article noting that roughly 70% of sales are tied to AI-related activity across semiconductor test, product test, and robotics. That suggests improving growth visibility and a potential long-term tailwind for the business. Article Title
• Positive Sentiment: Zacks and other industry outlook pieces point to Teradyne as one of several electronics stocks set to benefit from investments in infrastructure and expanded capacity, reinforcing a favorable sector backdrop. Article Title
• Positive Sentiment: Another industry roundup highlighted Teradyne alongside KLA and Flex, signaling continued analyst attention on the company as a leader in semiconductor equipment and testing. Article Title
• Neutral Sentiment: A Q1 earnings comparison article reviewed Teradyne’s results versus peers, following its recent report that beat expectations and showed strong year-over-year revenue growth. This keeps focus on fundamentals, but the piece itself does not appear to add a new catalyst. Article Title
• Negative Sentiment: Teradyne was also caught in a broad chip-sector selloff tied to the AVGO earnings overhang and a stronger-than-expected jobs report, which pressured semiconductor names across the market and weighed on TER sentiment in the near term. Article Title

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Citigroup boosted their price target on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Morgan Stanley set a $387.00 price target on Teradyne in a report on Thursday, April 30th. Evercore set a $370.00 target price on shares of Teradyne in a research report on Thursday, April 30th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price on the stock in a research report on Thursday, April 30th. Finally, Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $339.80.

Teradyne Stock Performance

TER stock opened at $357.93 on Friday. The company has a fifty day moving average price of $356.27 and a 200-day moving average price of $283.83. The company has a market capitalization of $56.03 billion, a P/E ratio of 66.28, a PEG ratio of 1.67 and a beta of 1.79. Teradyne, Inc. has a 52-week low of $82.90 and a 52-week high of $422.11.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.45. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company’s revenue for the quarter was up 87.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share. As a group, sell-side analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

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

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.