Ceredex Value Advisors LLC Makes New Investment in Teradyne, Inc. $TER

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

A number of other institutional investors have also added to or reduced their stakes in TER. BW Gestao de Investimentos Ltda. purchased a new position in Teradyne during the 3rd quarter valued at about $10,033,000. Bell Asset Management Ltd bought a new position in shares of Teradyne during the third quarter valued at approximately $5,218,000. Russell Investments Group Ltd. lifted its holdings in shares of Teradyne by 117.7% during the third quarter. Russell Investments Group Ltd. now owns 115,883 shares of the company’s stock valued at $15,918,000 after purchasing an additional 62,652 shares during the last quarter. Private Advisor Group LLC increased its position in Teradyne by 10.6% during the 3rd quarter. Private Advisor Group LLC now owns 4,713 shares of the company’s stock valued at $649,000 after buying an additional 453 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its stake in Teradyne by 6.8% during the third quarter. Diversify Advisory Services LLC now owns 9,058 shares of the company’s stock valued at $1,247,000 after buying an additional 578 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

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

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.36 by $0.44. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $970.44 million. During the same quarter in the prior year, the firm earned $0.95 EPS. The business’s revenue for the quarter was up 43.9% compared to the same quarter last year. Equities analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, February 13th. Teradyne’s dividend payout ratio is currently 14.94%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TER. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Robert W. Baird set a $305.00 price target on shares of Teradyne in a research report on Wednesday, February 4th. UBS Group upped their price objective on Teradyne from $200.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, January 26th. TD Cowen reissued a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. Finally, Northland Securities restated a “market perform” rating and issued a $270.00 price target on shares of Teradyne in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.24.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the transaction, the chief executive officer directly owned 93,409 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

About Teradyne

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.