Teradyne, Inc. $TER Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its stake in Teradyne, Inc. (NASDAQ:TER) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 348,904 shares of the company’s stock after acquiring an additional 12,544 shares during the quarter. Cerity Partners LLC owned approximately 0.22% of Teradyne worth $48,023,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne in the 2nd quarter valued at $35,000. Steph & Co. purchased a new position in Teradyne in the second quarter valued at $43,000. MUFG Securities EMEA plc acquired a new position in shares of Teradyne in the second quarter worth about $43,000. Bayforest Capital Ltd boosted its stake in shares of Teradyne by 195.5% during the 2nd quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock worth $47,000 after acquiring an additional 346 shares in the last quarter. Finally, Manchester Capital Management LLC grew its position in shares of Teradyne by 29.4% during the 2nd quarter. Manchester Capital Management LLC now owns 586 shares of the company’s stock valued at $53,000 after acquiring an additional 133 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Down 2.8%

Shares of NASDAQ TER opened at $222.48 on Thursday. The firm has a 50-day simple moving average of $188.36 and a 200-day simple moving average of $141.06. The stock has a market capitalization of $34.84 billion, a price-to-earnings ratio of 80.90, a price-to-earnings-growth ratio of 1.65 and a beta of 1.84. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $229.66.

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

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were 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 was Monday, November 24th. Teradyne’s dividend payout ratio (DPR) is currently 17.45%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TER shares. JPMorgan Chase & Co. upped their price target on Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Industrial Alliance Securities set a $175.00 target price on Teradyne in a research report on Tuesday, October 28th. Evercore ISI boosted their price target on shares of Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Northland Securities set a $186.00 price objective on shares of Teradyne in a report on Thursday, October 30th. Finally, UBS Group lifted their target price on shares of Teradyne from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $185.75.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the transaction, the chief executive officer owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 3,324 shares of company stock worth $583,639 in the last quarter. Company 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.