Ceredex Value Advisors LLC Acquires New Shares in Teradyne, Inc. $TER

Ceredex Value Advisors LLC acquired a new position in Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 84,133 shares of the company’s stock, valued at approximately $40,707,000. Teradyne accounts for about 1.1% of Ceredex Value Advisors LLC’s portfolio, making the stock its 18th biggest holding. Ceredex Value Advisors LLC owned approximately 0.05% of Teradyne as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TER. Integrated Wealth Concepts LLC lifted its position in shares of Teradyne by 12.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after purchasing an additional 468 shares during the period. Caxton Associates LLP purchased a new position in Teradyne during the first quarter valued at approximately $297,000. Cresset Asset Management LLC raised its stake in Teradyne by 11.6% in the second quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock worth $608,000 after buying an additional 702 shares in the last quarter. NewEdge Advisors LLC raised its stake in Teradyne by 467.1% in the second quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock worth $306,000 after buying an additional 2,807 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in Teradyne by 5.1% during the second quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock worth $6,755,000 after buying an additional 3,651 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TER has been the topic of several recent research reports. Bank of America increased their target price on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $465.00 price objective on shares of Teradyne in a research report on Tuesday, July 28th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price for the company in a report on Thursday, April 30th. Citigroup increased their price target on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Trading Up 0.9%

Shares of TER opened at $383.15 on Friday. Teradyne, Inc. has a 12 month low of $107.82 and a 12 month high of $487.91. The stock has a fifty day moving average price of $387.01 and a 200-day moving average price of $353.63. The firm has a market cap of $59.90 billion, a PE ratio of 52.56, a P/E/G ratio of 0.77 and a beta of 1.78.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $0.57 EPS. The firm’s revenue for the quarter was up 103.9% on a year-over-year basis. As a group, research analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the sale, the chief executive officer owned 112,495 shares in the company, valued at approximately $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company’s stock.

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.