Teradyne, Inc. $TER Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its holdings in Teradyne, Inc. (NASDAQ:TER) by 668.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,614 shares of the company’s stock after buying an additional 10,102 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Teradyne were worth $4,681,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in TER. Allspring Global Investments Holdings LLC lifted its stake in Teradyne by 45.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 53,769 shares of the company’s stock worth $22,357,000 after purchasing an additional 16,683 shares during the period. Kornitzer Capital Management Inc. KS boosted its holdings in Teradyne by 21.2% during the third quarter. Kornitzer Capital Management Inc. KS now owns 12,000 shares of the company’s stock valued at $4,811,000 after purchasing an additional 2,100 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Teradyne by 60.4% during the third quarter. Pictet Asset Management Holding SA now owns 1,568,516 shares of the company’s stock valued at $628,884,000 after purchasing an additional 590,800 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Teradyne by 13.1% in the 3rd quarter. Parallel Advisors LLC now owns 2,041 shares of the company’s stock valued at $818,000 after purchasing an additional 236 shares during the period. Finally, Providence First Trust Co grew its stake in shares of Teradyne by 284.2% in the 3rd quarter. Providence First Trust Co now owns 2,378 shares of the company’s stock valued at $953,000 after purchasing an additional 1,759 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

More Teradyne News

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Zacks upgraded Teradyne to Rank #1 (Strong Buy), citing improving earnings prospects. That more bullish outlook may be supporting investor demand. Teradyne upgraded to Strong Buy
• Positive Sentiment: The company introduced Omnyx Edge, an inline board-testing platform for compute, sensing and motion boards used in physical and edge AI. The launch broadens Teradyne’s product opportunity as AI expands beyond data centers. Teradyne introduces Omnyx Edge
• Positive Sentiment: Teradyne declared a quarterly dividend of $0.13 per share, payable December 16 to shareholders of record November 23. This provides a modest return to shareholders, though the announcement alone is unlikely to materially change earnings expectations. Teradyne declares quarterly cash dividend

Teradyne Stock Up 12.7%

Shares of Teradyne stock opened at $246.00 on Tuesday. Teradyne, Inc. has a 12-month low of $151.52 and a 12-month high of $487.91. The stock has a market capitalization of $38.41 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 0.49 and a beta of 1.73. The company has a 50-day simple moving average of $349.43 and a 200 day simple moving average of $348.83.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Tuesday, October 27th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.20. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. Teradyne had a net margin of 27.46% and a return on equity of 43.81%. The company’s revenue for the quarter was up 69.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. On average, equities analysts anticipate that Teradyne, Inc. will post 9.41 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Monday, November 23rd will be paid a $0.13 dividend. The ex-dividend date is Monday, November 23rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s payout ratio is 5.97%.

Insider Activity

In other news, CEO Gregory Smith sold 4,000 shares of Teradyne stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $341.28, for a total value of $1,365,120.00. Following the completion of the transaction, the chief executive officer owned 104,495 shares in the company, valued at approximately $35,662,053.60. The trade was a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,000 shares of company stock valued at $4,416,440 in the last three months. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

TER has been the subject of a number of recent research reports. Evercore reissued an “outperform” rating and issued a $420.00 target price on shares of Teradyne in a report on Thursday, July 30th. UBS Group cut their target price on Teradyne from $485.00 to $430.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. The Goldman Sachs Group set a $440.00 price target on Teradyne in a research note on Wednesday, October 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $550.00 price target on shares of Teradyne in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus target price of $405.86.

Teradyne Company Profile

Teradyne, Inc develops and supplies automated test equipment and robotics used by manufacturers around the world. Its test systems help customers evaluate the performance and reliability of semiconductor devices, electronic products, wireless components and storage products.

The company’s offerings include semiconductor test systems, system-level test equipment and wireless test solutions. Teradyne also serves industrial automation markets through Universal Robots, which makes collaborative robots, and Mobile Industrial Robots, which develops autonomous mobile robots for moving materials in factories and other facilities.

Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers across global markets.