Teradyne, Inc.

NASDAQ Global Select
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Bullish +55

Bank of Nova Scotia Sells 220,357 Shares of Teradyne, Inc. $TER

📉 Bank of Nova Scotia reduced its Teradyne holdings by 76.7% in Q1, selling 220,357 shares and retaining a $19.8 million position.

📈 Cornerstone Planning Group increased its stake by 149.1% to own 142 shares valued at $42,000 during the first quarter.

📊 Cantor Fitzgerald raised its price target from $400 to $550 and assigned an overweight rating in a June report.

📈 Robert W. Baird lifted its target price to $446 with an outperform rating on Tuesday, June 23rd.

💰 Teradyne paid a quarterly dividend of $0.13 on June 12th, increasing the annualized yield to 0.1% from the previous quarter.

📉 CEO Gregory Stephen Smith sold 8,597 shares for $2.9 million under a Rule 10b5-1 trading plan on May 15th.

📉 Insider Shannon John Poulin sold 1,008 shares for $348,132 to cover tax withholding obligations related to equity vesting.

📊 The stock currently trades at a P/E ratio of 64.80 with a market capitalization of $54.78 billion.

📈 Analyst consensus shows a Moderate Buy rating with an average target price of $394.53 based on MarketBeat data.

Bullish Signals
  • Cantor Fitzgerald raised its price target from $400 to $550 and upgraded the stock to overweight, indicating strong confidence in future performance.
  • Robert W. Baird increased its price target to $446 with an outperform rating, signaling bullish sentiment among major Wall Street analysts.
  • Citigroup raised its price target from $325 to $400 and maintained a buy rating, reinforcing positive analyst consensus.
  • Stifel Nicolaus lifted its price objective to $390 with a buy rating, contributing to the overall Moderate Buy consensus.
  • Teradyne increased its quarterly dividend from $0.12 to $0.13, demonstrating commitment to returning value to shareholders despite low yield.
Risk Factors
  • CEO Gregory Stephen Smith sold 8,597 shares for $2.9 million, reducing his personal stake by 6.46% under a pre-arranged trading plan.
  • Insider Shannon John Poulin sold 1,008 shares for $348,132 to cover tax withholding obligations, representing a 6.27% decrease in his position.
  • Bank of Nova Scotia significantly reduced its stake by 76.7%, selling over 220,000 shares during the first quarter.
Full Analysis
Bank of Nova Scotia significantly reduced its stake in Teradyne, Inc. (NASDAQ:TER) by 76.7% during the first quarter, selling 220,357 shares and retaining a position valued at $19.8 million. While major institutional investors like Scotiabank exited or scaled back, several smaller funds including Caitong International Asset Management and Cornerstone Planning Group initiated or increased their positions, with Cornerstone raising its stake by 149.1% to own 142 shares. Analyst sentiment remains broadly positive for Teradyne, with major firms like Cantor Fitzgerald, Robert W. Baird, Citigroup, and Stifel Nicolaus recently upgrading price targets and ratings. Cantor Fitzgerald raised its target from $400 to $550 with an overweight rating, while Robert W. Baird increased its target to $446 with an outperform rating. The consensus average target price stands at $394.53, reflecting a Moderate Buy rating across the investment community. The company recently declared a quarterly dividend of $0.13 per share, paid on June 12th to shareholders of record as of May 21st, representing an annualized yield of 0.1% and a payout ratio of 9.63%. This marks an increase from the previous quarterly dividend of $0.12. Additionally, CEO Gregory Stephen Smith sold 8,597 shares under a pre-arranged trading plan for approximately $2.9 million, while insider Shannon John Poulin sold 1,008 shares to cover tax withholding obligations.