Federated Hermes Inc. Has $226.98 Million Stock Holdings in Teradyne, Inc. $TER

Federated Hermes Inc. trimmed its position in shares of Teradyne, Inc. (NASDAQ:TERFree Report) by 56.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,649,091 shares of the company’s stock after selling 2,135,976 shares during the quarter. Federated Hermes Inc. owned 1.04% of Teradyne worth $226,981,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TER. Ameriprise Financial Inc. lifted its holdings in Teradyne by 3.0% during the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock worth $442,413,000 after acquiring an additional 143,058 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Teradyne by 11.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock worth $490,134,000 after purchasing an additional 354,876 shares during the period. Primecap Management Co. CA lifted its holdings in shares of Teradyne by 58.6% during the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock valued at $274,036,000 after purchasing an additional 1,125,868 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Teradyne by 2.5% during the 2nd quarter. Invesco Ltd. now owns 2,859,466 shares of the company’s stock valued at $257,123,000 after purchasing an additional 68,568 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its position in shares of Teradyne by 65.4% in the 2nd quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company’s stock valued at $194,770,000 after purchasing an additional 856,540 shares during the period. Institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TER. UBS Group raised their target price on shares of Teradyne from $200.00 to $275.00 and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. increased their price objective on shares of Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradyne in a research report on Thursday, January 22nd. Industrial Alliance Securities set a $175.00 target price on shares of Teradyne in a research note on Tuesday, October 28th. Finally, Susquehanna reissued a “positive” rating and issued a $275.00 price target on shares of Teradyne in a research note on Monday, January 12th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $205.75.

Get Our Latest Stock Analysis on Teradyne

Teradyne Trading Up 3.1%

Shares of TER stock opened at $238.94 on Wednesday. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $240.03. The firm’s fifty day moving average price is $202.41 and its two-hundred day moving average price is $154.76. The firm has a market capitalization of $37.42 billion, a P/E ratio of 86.89, a PEG ratio of 1.67 and a beta of 1.84.

Teradyne (NASDAQ:TERGet Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The company had revenue of $769.21 million during the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. As a group, equities research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, February 13th. Teradyne’s dividend payout ratio (DPR) is currently 17.45%.

Key Stories Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the sale, the chief executive officer owned 93,409 shares in the company, valued at $18,804,165.79. This represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.16% of the stock is owned by company insiders.

About Teradyne

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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