Baird Reiterates Buy Rating on Teradyne, Inc. (TER)

On June 23, 2026, Baird reiterated its buy rating on Teradyne, Inc. (NasdaqGS: TER), setting a price target of $446. This analysis comes as Teradyne shares were trading near $457 on Tuesday.

Other Institutional Activity in Teradyne, Inc.

Several institutional investors have made notable moves in Teradyne. BlackRock, Inc. grew its holdings by 906,950 shares, ending with 16,305,187 shares worth about $4.83 billion, marking a 5.9% increase. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, with 10,176,191 and 8,602,918 shares valued at approximately $3.02 billion and $2.55 billion, respectively. State Street Corp reduced its stake by 108,209 shares, leaving it with 6,970,426 shares valued at $2.07 billion, a 1.5% decrease. Geode Capital Management, LLC increased its position by 205,142 shares, holding a total of 4,368,680 shares worth about $1.29 billion, a 4.9% rise.

Teradyne, Inc. Stock Up 20.3%

Shares of NasdaqGS:TER traded near $457 on Tuesday. Teradyne, Inc. has a market cap of $71.54 billion, a P/E ratio of 84.79, and a forward P/E of 48.09. The stock has a 52-week low of $85.58 and a high of $459.19, with a 50-day moving average of $372.22 and a 200-day moving average of $253.40. The company maintains a current ratio of 2.15 and a quick ratio of 1.34, with a debt-to-equity ratio of 2.62.

Recent Earnings

Teradyne reported revenue of $3.79 billion, with a growth rate of 0.87%. The company's net margin stands at 22.55%, and it has a return on equity of 28.75%. Earnings per share were $5.39. Teradyne is expected to announce its next earnings on July 29, 2026.

Dividend

Teradyne offers an annual dividend rate of $0.52, yielding 0.12%, with a payout ratio of 9.09%.

Insider Buying and Selling at Teradyne, Inc.

Several insiders have been active at Teradyne. On June 15, 2026, President and CEO Gregory Stephen Smith sold 4,000 shares at an average price of $423.03 in a planned transaction. Marilyn Matz also sold 1,200 shares at the same price on the same date under a planned sale. Earlier, on June 12, Ernest Maddock, Paul Tufano, and Peter Herweck made small purchases of 2, 19, and 4 shares, respectively.

Analysts Set New Price Targets

On June 23, 2026, B of A Securities maintained a buy rating on Teradyne with a $525 target. Baird also maintained its buy rating with a $446 target. Previously, Citigroup, Goldman Sachs, Evercore ISI Group, and others maintained buy ratings with targets ranging from $350 to $440. The consensus recommendation is a buy, with a mean target price of $374.82 based on 17 analyst opinions.

About Teradyne, Inc.

Teradyne, Inc. is a technology company based in North Reading, Massachusetts. It designs and manufactures automated test systems and robotics products. The company operates in the semiconductor test, robotics, and other segments, serving industries like automotive, industrial, and communications. Teradyne collaborates with Tokyo Electron Limited for AI and data center applications and employs around 6,600 people.

Bottom Line

Baird's reiterated buy rating and $446 target reflect confidence in Teradyne's prospects. Investors often watch such ratings closely, though it's important to remember that analyst opinions are just one piece of the puzzle. As always, the latest 13F filings and analyst updates provide a snapshot of past activity and do not necessarily indicate current positions or future performance.