Teradyne (NASDAQ:TER) Trading Down 1.4% – Here’s Why

Teradyne, Inc. (NASDAQ:TER) fell 1.4% during mid-day trading on Friday . The stock traded as low as $372.80 and last traded at $379.31. 3,732,265 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 3,863,182 shares. The stock had previously closed at $384.89.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $465.00 price objective on shares of Teradyne in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. 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. Finally, Robert W. Baird set a $420.00 price target on Teradyne in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $396.80.

Teradyne Trading Down 1.4%

The company has a market capitalization of $59.30 billion, a P/E ratio of 52.03, a PEG ratio of 0.77 and a beta of 1.78. The business has a 50 day moving average price of $383.46 and a 200 day moving average price of $342.55.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Tuesday, July 28th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.38. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. Teradyne’s quarterly revenue was up 103.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 EPS. Teradyne has set its Q3 2026 guidance at 1.850-2.150 EPS. On average, analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shannon John Poulin sold 1,008 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the sale, the insider owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. This trade represents a 6.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Stephen Smith sold 8,597 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the sale, the chief executive officer directly owned 124,470 shares in the company, valued at $42,192,840.60. The trade was a 6.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 14,261 shares of company stock worth $5,187,344. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Teradyne

Several large investors have recently modified their holdings of TER. Community Financial Services Group LLC bought a new position in shares of Teradyne during the 2nd quarter valued at about $29,000. Elevation Wealth Partners LLC increased its stake 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 in the last quarter. Mcdonald Partners LLC bought a new stake in Teradyne during the 2nd quarter worth approximately $36,000. Hilltop National Bank acquired a new stake in Teradyne during the 2nd quarter worth approximately $41,000. Finally, McIlrath & Eck LLC acquired a new stake in Teradyne during the 1st quarter worth approximately $30,000. 99.77% of the stock is currently owned by institutional investors.

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.