Teradyne, Inc. $TER Stock Sold by Congress Asset Management Co.

Congress Asset Management Co. reduced its holdings in Teradyne, Inc. (NASDAQ:TER) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,439 shares of the company’s stock after selling 1,476 shares during the quarter. Congress Asset Management Co. owned about 0.07% of Teradyne worth $42,673,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Carolina Wealth Advisors LLC lifted its holdings in Teradyne by 42.5% in the second quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock valued at $55,000 after acquiring an additional 34 shares during the period. Vestor Capital LLC increased its holdings in shares of Teradyne by 15.4% in the 1st quarter. Vestor Capital LLC now owns 285 shares of the company’s stock valued at $85,000 after purchasing an additional 38 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in shares of Teradyne by 5.8% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock valued at $352,000 after purchasing an additional 40 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of Teradyne by 5.5% in the first quarter. Whittier Trust Co. now owns 827 shares of the company’s stock valued at $261,000 after purchasing an additional 43 shares during the period. Finally, Contravisory Investment Management Inc. boosted its holdings in Teradyne by 1.0% during the second quarter. Contravisory Investment Management Inc. now owns 4,661 shares of the company’s stock worth $2,255,000 after buying an additional 44 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TER. Susquehanna upped their target price on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Bank of America boosted their price target on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Morgan Stanley upped their price target on Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Evercore reaffirmed an “outperform” rating and issued a $420.00 price objective on shares of Teradyne in a research note on Thursday, July 30th. Finally, UBS Group boosted their target price on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne Price Performance

Shares of NASDAQ TER traded down $14.21 on Tuesday, hitting $430.32. The company’s stock had a trading volume of 2,009,652 shares, compared to its average volume of 3,556,781. The stock has a 50 day moving average of $377.28 and a 200-day moving average of $369.42. The company has a market capitalization of $67.28 billion, a price-to-earnings ratio of 59.03, a price-to-earnings-growth ratio of 0.91 and a beta of 1.75. Teradyne, Inc. has a 12-month low of $131.75 and a 12-month high of $487.91.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the company posted $0.57 EPS. The company’s revenue was up 103.9% on a year-over-year basis. Sell-side analysts expect that Teradyne, Inc. will post 9.11 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, September 4th. Teradyne’s payout ratio is 7.13%.

Teradyne News Roundup

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: New Titan HP platform targets AI data centers. Teradyne introduced Titan HP, a platform combining semiconductor testing and burn-in capabilities for advanced AI data-center devices. The system is designed to reduce testing costs and factory-floor requirements while helping customers accelerate production. Teradyne Introduces Titan HP Platform with Burn-In Capabilities for Advanced AI Data Center Devices
• Positive Sentiment: Bright Machines investment expands Teradyne’s AI manufacturing opportunity. Teradyne made a strategic investment in Bright Machines and plans to combine its robotics and automated-test technology with Bright Machines’ software-defined manufacturing platform. The partnership could benefit from rising demand to automate production of AI infrastructure, although financial terms were not disclosed. Teradyne Makes Strategic Investment in Bright Machines to Advance AI Infrastructure Manufacturing
• Positive Sentiment: AI-driven memory testing and robotics remain key growth catalysts. Recent coverage highlights strong demand tied to AI semiconductors, memory testing and physical robotics, alongside an upbeat third-quarter outlook. Teradyne’s Magnum E2 launch also adds to its product momentum. Teradyne Gains 130% YTD: Should You Hold or Fold the Stock?
• Neutral Sentiment: Recent trading has been volatile. Teradyne rose sharply earlier in October on AI-demand optimism but subsequently closed lower in the latest reported session, suggesting profit-taking and sensitivity to broader market sentiment. Teradyne Stock Declines While Market Improves
• Negative Sentiment: Valuation and competitive concerns are limiting enthusiasm. Analysts and market commentary point to Teradyne’s elevated valuation after its major year-to-date advance, as well as potential competition and margin pressure. Investors may be locking in gains while waiting for results to justify the stock’s higher expectations. Valuation and Risk Analysis

Insider Activity

In other news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $337.83, for a total value of $1,351,320.00. Following the sale, the chief executive officer directly owned 108,495 shares in the company, valued at $36,652,865.85. This represents a 3.56% decrease in their ownership of the stock. 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. 0.19% of the stock is owned by corporate insiders.

About Teradyne

Teradyne, Inc is a global provider of automated test equipment and industrial automation solutions. Founded in 1960 and headquartered in North Reading, Massachusetts, the company develops systems that help manufacturers test the performance, quality, and reliability of electronic products and components.

Teradyne’s products include semiconductor test systems used to evaluate integrated circuits, memory devices, and other semiconductor components. The company also provides test solutions for wireless products, storage systems, and complex electronic systems, along with related software, services, and support.

Through its Industrial Automation segment, Teradyne offers collaborative robots from Universal Robots, autonomous mobile robots from Mobile Industrial Robots, and robotic arms and systems for manufacturing and other industrial applications.