Ceredex Value Advisors LLC Invests $24.69 Million in Teradyne, Inc. $TER

Ceredex Value Advisors LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 179,350 shares of the company’s stock, valued at approximately $24,686,000. Ceredex Value Advisors LLC owned 0.11% of Teradyne at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TER. Root Financial Partners LLC acquired a new position in shares of Teradyne in the third quarter valued at about $31,000. Davidson Capital Management Inc. bought a new stake in shares of Teradyne in the third quarter valued at approximately $31,000. Hemington Wealth Management raised its holdings in Teradyne by 43.2% in the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after acquiring an additional 79 shares in the last quarter. Orion Capital Management LLC bought a new position in Teradyne in the 3rd quarter valued at about $47,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Teradyne by 41.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $51,000 after acquiring an additional 108 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

Teradyne Stock Up 8.6%

Teradyne stock opened at $296.44 on Tuesday. The stock has a market cap of $46.41 billion, a P/E ratio of 85.18, a P/E/G ratio of 1.69 and a beta of 1.76. The company’s 50 day moving average price is $267.12 and its two-hundred day moving average price is $195.28. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $344.92.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.44. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The firm’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. On average, equities analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be given a $0.12 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.48 annualized dividend and a yield of 0.2%. Teradyne’s payout ratio is 14.94%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TER. Susquehanna restated a “positive” rating and set a $335.00 target price on shares of Teradyne in a research note on Wednesday, February 4th. Vertical Research lowered Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research note on Friday, January 9th. Robert W. Baird set a $305.00 price objective on shares of Teradyne in a research report on Wednesday, February 4th. Citigroup upped their target price on Teradyne from $215.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Finally, Morgan Stanley set a $306.00 price target on shares of Teradyne in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $256.24.

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.