Ceredex Value Advisors LLC Increases Holdings in Teradyne, Inc. (NASDAQ:TER)

Ceredex Value Advisors LLC lifted its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 530,671 shares of the company's stock after purchasing an additional 46,714 shares during the quarter. Ceredex Value Advisors LLC owned about 0.35% of Teradyne worth $57,588,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC bought a new position in Teradyne in the third quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Teradyne in the third quarter valued at $27,000. CVA Family Office LLC purchased a new stake in Teradyne during the fourth quarter valued at about $33,000. Venturi Wealth Management LLC purchased a new stake in Teradyne during the third quarter valued at about $36,000. Finally, NBC Securities Inc. purchased a new stake in Teradyne during the third quarter valued at about $37,000. Institutional investors own 99.77% of the company's stock.

Insider Buying and Selling

In related news, Director Ernest E. Maddock purchased 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average cost of $94.07 per share, with a total value of $94,070.00. Following the completion of the purchase, the director now directly owns 4,728 shares in the company, valued at $444,762.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Ernest E. Maddock purchased 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average cost of $94.07 per share, with a total value of $94,070.00. Following the completion of the purchase, the director now directly owns 4,728 shares in the company, valued at $444,762.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 8,653 shares of the firm's stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total transaction of $909,430.30. Following the transaction, the chief financial officer now directly owns 31,180 shares of the company's stock, valued at approximately $3,277,018. The disclosure for this sale can be found here. Insiders sold a total of 11,797 shares of company stock valued at $1,248,237 over the last three months. Corporate insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TER shares. JPMorgan Chase & Co. upgraded shares of Teradyne from an "underweight" rating to a "neutral" rating and upped their price target for the company from $90.00 to $100.00 in a research report on Thursday, February 15th. Cantor Fitzgerald restated a "neutral" rating and set a $110.00 price target on shares of Teradyne in a research report on Monday, March 4th. Finally, Bank of America restated an "underperform" rating and set a $100.00 price target on shares of Teradyne in a research report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $111.00.

Teradyne Stock Up 1.2 %

Shares of Teradyne stock traded up $1.32 during trading on Friday, reaching $107.27. 1,132,835 shares of the stock were exchanged, compared to its average volume of 1,780,163. The stock's fifty day moving average is $104.21 and its 200 day moving average is $99.90. The firm has a market cap of $16.41 billion, a price-to-earnings ratio of 39.29 and a beta of 1.56. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $119.20.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Tuesday, January 30th. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The company had revenue of $670.60 million during the quarter, compared to analyst estimates of $674.99 million. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. Teradyne's revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. Equities analysts forecast that Teradyne, Inc. will post 2.95 earnings per share for the current year.

Teradyne Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 16th were paid a $0.12 dividend. This is an increase from Teradyne's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Thursday, February 15th. Teradyne's dividend payout ratio is presently 17.58%.

Teradyne Profile

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.