Cerity Partners LLC Buys 4,604 Shares of Teradyne, Inc. $TER

Cerity Partners LLC increased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 1.4% in the second quarter, HoldingsChannel reports. The firm owned 336,360 shares of the company’s stock after buying an additional 4,604 shares during the period. Cerity Partners LLC’s holdings in Teradyne were worth $30,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TER. Charles Schwab Investment Management Inc. lifted its position in shares of Teradyne by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,014,741 shares of the company’s stock valued at $83,818,000 after buying an additional 12,664 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Teradyne by 99.5% during the 1st quarter. Chicago Partners Investment Group LLC now owns 3,657 shares of the company’s stock worth $275,000 after acquiring an additional 1,824 shares in the last quarter. Deutsche Bank AG lifted its position in Teradyne by 36.3% during the first quarter. Deutsche Bank AG now owns 659,317 shares of the company’s stock valued at $54,460,000 after acquiring an additional 175,534 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Teradyne by 16.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 294,226 shares of the company’s stock valued at $24,303,000 after acquiring an additional 42,630 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in Teradyne by 45.2% in the first quarter. National Bank of Canada FI now owns 149,418 shares of the company’s stock valued at $12,343,000 after acquiring an additional 46,526 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

TER has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Citigroup boosted their target price on Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 price target on shares of Teradyne in a research note on Wednesday, October 29th. Bank of America upgraded Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Wednesday, October 29th. Finally, Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $176.88.

Teradyne Stock Performance

Shares of TER stock opened at $202.99 on Tuesday. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $205.00. The firm has a market capitalization of $31.79 billion, a PE ratio of 73.81, a P/E/G ratio of 2.10 and a beta of 1.85. The stock’s 50-day simple moving average is $163.15 and its 200-day simple moving average is $123.32.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The firm had revenue of $769.21 million for the quarter, compared to analyst estimates of $744.20 million. During the same quarter in the prior year, the firm earned $0.90 earnings per share. Teradyne’s revenue for the quarter was up 4.3% on a year-over-year basis. Sell-side analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

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

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $180.20, for a total transaction of $199,661.60. Following the completion of the transaction, the chief executive officer owned 94,517 shares of the company’s stock, valued at $17,031,963.40. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 3,324 shares of company stock valued at $494,318 in the last quarter. 0.16% of the stock is owned by corporate insiders.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.