Ceredex Value Advisors LLC Invests $40.71 Million in Teradyne, Inc. $TER

Ceredex Value Advisors LLC acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the second quarter, Holdings Channel reports. The institutional investor acquired 84,133 shares of the company’s stock, valued at approximately $40,707,000. Teradyne makes up about 1.1% of Ceredex Value Advisors LLC’s holdings, making the stock its 18th biggest holding.

Several other hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Teradyne during the 4th quarter worth about $28,000. Community Financial Services Group LLC acquired a new position in shares of Teradyne in the second quarter valued at about $29,000. McIlrath & Eck LLC acquired a new position in shares of Teradyne in the first quarter valued at about $30,000. Elevation Wealth Partners LLC raised its stake in shares of Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after purchasing an additional 66 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Teradyne in the second quarter worth about $35,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were 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 of the company’s stock, valued at $47,810,375. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TER. Citigroup upped their target price on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings raised shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective for the company in a research note on Thursday, April 30th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $465.00 price objective on shares of Teradyne in a report on Tuesday, July 28th. Finally, UBS Group increased their price objective on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. 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 stock. According to MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Stock Up 0.9%

Shares of TER opened at $383.15 on Friday. Teradyne, Inc. has a 52 week low of $107.82 and a 52 week high of $487.91. The company has a market capitalization of $59.90 billion, a price-to-earnings ratio of 52.56, a PEG ratio of 0.77 and a beta of 1.78. The stock’s 50-day moving average price is $387.01 and its 200-day moving average price is $353.63.

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

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.