Lone Pine Capital 13F: New $899M Stake in Teradyne (TER)

Lone Pine Capital Establishes Fresh Stake in Teradyne

Lone Pine Capital has opened a brand-new position in Teradyne, Inc. (NasdaqGS: TER), according to a recent Form 13F filing with the SEC. The filing reflects holdings as of the reporting period ending May 15, 2026, and may not represent the fund's current holdings today. The investor acquired 1,872,876 shares of the semiconductor test and robotics equipment maker. Based on the reporting period, the new stake carried an estimated value of about $899.2 million.

Teradyne Shares Trade Near Yearly Highs

Teradyne shares trade at $480.11, sitting close to the company's 52-week high of $487.91 and well above its 200-day moving average of $344.07. The stock carries a P/E ratio of 47.14 and a forward P/E of 29.45. Keep in mind that 13F filings look backward at past quarters, so this snapshot shows what Lone Pine Capital held back on May 15 rather than its live trading desk today.

Recent Earnings Performance

Teradyne reported annual revenue of $4.5 billion with a revenue growth rate of 1.04. The company generated an earnings per share figure of $7.28, accompanied by a net profit margin of 25.8% and a return on equity of 36.5%. The next earnings report is scheduled for release on October 27, 2026.

Dividend Profile

Teradyne pays an annual dividend yield of 0.15% with a modest payout ratio of 6.9%.

Insider Buying and Selling at Teradyne, Inc.

Company insiders have been active in the open market over recent weeks. On June 25, 2026, Paul Tufano acquired 116 shares, while Henry Andrew Chisholm picked up 52 shares. Earlier in the month on June 15, 2026, CEO Gregory Stephen Smith sold 4,000 shares at an average price of $423.03 for a total value of about $1.7 million under a pre-arranged Rule 10b5-1 plan. Marilyn Matz also sold 1,200 shares at $423.03 on June 15, 2026, under a planned trading schedule. Insider sales are often part of routine personal financial planning and do not signal a lack of confidence in the business.

Wall Street Analyst Updates

Analyst firms continue to adjust their outlooks on Teradyne as the stock hovers near its peaks. On August 21, 2026, Baird downgraded the stock to a Neutral rating with a $420 price target. Earlier on July 30, 2026, Morgan Stanley maintained its Equal-Weight rating while raising its target to $397 from $387. On the same day, Evercore ISI Group kept an Outperform rating and lifted its target to $420 from $370. Cantor Fitzgerald reiterated an Overweight rating with a $550 target on July 29, 2026. UBS maintained a Buy rating and raised its target to $500 on July 20, 2026. Goldman Sachs kept a Buy rating and bumped its target to $465 on July 6, 2026. Susquehanna maintained a Positive rating and raised its target to $550 on June 30, 2026. Across the wider analyst community, the stock holds a consensus Buy recommendation with a mean price target of $446.47.

Inside Teradyne's Operations

Teradyne designs and builds automated test equipment for semiconductor chips alongside advanced industrial robotics. Its testing systems check chips used in smartphones, cloud computing, automotive systems, and artificial intelligence hardware. The robotics division produces collaborative robotic arms and mobile carts used in factories and warehouses worldwide. The company operates from its headquarters in North Reading, Massachusetts.

What to Watch at Teradyne, Inc.

Investors tracking Lone Pine Capital's moves will want to watch for subsequent SEC filings to see whether the fund builds upon its new position or scales back. The upcoming earnings release on October 27, 2026, will offer fresh insight into how the semiconductor test and robotics segments are performing against Wall Street expectations. As always, 13F reports look backward, so ongoing market shifts may already have altered these holdings.