Cadent Capital Advisors LLC Acquires New Holdings in Teradyne, Inc. $TER

Cadent Capital Advisors LLC bought a new position in Teradyne, Inc. (NASDAQ:TER) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 11,230 shares of the company’s stock, valued at approximately $1,546,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its position in shares of Teradyne by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock valued at $442,413,000 after purchasing an additional 143,058 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Teradyne by 79.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock worth $340,353,000 after buying an additional 1,679,215 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Teradyne by 26.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,118,297 shares of the company’s stock valued at $286,634,000 after buying an additional 652,175 shares during the last quarter. Primecap Management Co. CA grew its stake in Teradyne by 58.6% in the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock valued at $274,036,000 after buying an additional 1,125,868 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Teradyne by 2.5% in the 2nd quarter. Invesco Ltd. now owns 2,859,466 shares of the company’s stock worth $257,123,000 after acquiring an additional 68,568 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TER shares. The Goldman Sachs Group upgraded shares of Teradyne from a “sell” rating to a “buy” rating and upped their price target for the company from $148.00 to $230.00 in a report on Monday, December 15th. Wall Street Zen upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Monday, September 1st. Evercore ISI raised their target price on Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. UBS Group lifted their price target on Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Robert W. Baird set a $195.00 price objective on Teradyne in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $185.75.

Teradyne Stock Down 0.1%

Teradyne stock opened at $198.39 on Thursday. The business has a 50 day moving average price of $176.30 and a two-hundred day moving average price of $132.72. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $205.00. The stock has a market cap of $31.07 billion, a price-to-earnings ratio of 72.14, a price-to-earnings-growth ratio of 2.07 and a beta of 1.85.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $769.21 million for the quarter, compared to analysts’ expectations of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.Teradyne’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 earnings per share. On average, analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th were paid a $0.12 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s dividend payout ratio is currently 17.45%.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the sale, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 3,324 shares of company stock worth $583,639. 0.16% of the stock is currently owned by company insiders.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.