Channing Capital Management LLC Decreases Stock Holdings in Teradyne, Inc. $TER

Channing Capital Management LLC lowered its position in shares of Teradyne, Inc. (NASDAQ:TER) by 21.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,721 shares of the company’s stock after selling 24,955 shares during the period. Channing Capital Management LLC owned about 0.06% of Teradyne worth $12,487,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TER. Bank of Nova Scotia raised its stake in shares of Teradyne by 546.5% during the 2nd quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock worth $8,835,000 after buying an additional 83,055 shares during the period. Thrivent Financial for Lutherans increased its holdings in Teradyne by 291.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company’s stock worth $2,247,000 after acquiring an additional 18,612 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in Teradyne by 9.2% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock worth $12,542,000 after acquiring an additional 7,648 shares during the period. Teacher Retirement System of Texas lifted its holdings in Teradyne by 61.0% during the third quarter. Teacher Retirement System of Texas now owns 39,513 shares of the company’s stock valued at $5,439,000 after purchasing an additional 14,969 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH purchased a new position in Teradyne during the third quarter valued at $895,000. Institutional investors own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction dated 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 $18,804,165.79. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.16% of the company’s stock.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $324.85 on Friday. The firm has a market capitalization of $50.87 billion, a PE ratio of 93.35, a price-to-earnings-growth ratio of 2.01 and a beta of 1.83. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $327.99. The firm’s 50-day moving average is $240.98 and its two-hundred day moving average is $178.93.

Teradyne (NASDAQ:TER) last released its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $970.44 million. During the same period in the prior year, the firm earned $0.95 earnings per share. The business’s quarterly revenue was up 43.9% compared to the same quarter last year. Analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.1%. Teradyne’s dividend payout ratio is currently 14.94%.

Analyst Upgrades and Downgrades

TER has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $270.00 target price on Teradyne in a report on Monday, February 2nd. Citigroup increased their price objective on Teradyne from $215.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Susquehanna restated a “positive” rating and issued a $335.00 price objective on shares of Teradyne in a report on Wednesday, February 4th. Northland Securities reaffirmed a “market perform” rating and set a $270.00 target price on shares of Teradyne in a research note on Wednesday, February 4th. Finally, Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.24.

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.