Cadent Capital Advisors LLC Takes Position in Teradyne, Inc. $TER

Cadent Capital Advisors LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,230 shares of the company’s stock, valued at approximately $1,546,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its stake in Teradyne by 3.0% during the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock valued at $442,413,000 after buying an additional 143,058 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Teradyne by 79.7% in the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after acquiring an additional 1,679,215 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Teradyne by 26.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,118,297 shares of the company’s stock worth $286,634,000 after purchasing an additional 652,175 shares during the period. Primecap Management Co. CA grew its position in Teradyne by 58.6% during the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock worth $274,036,000 after purchasing an additional 1,125,868 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Teradyne by 2.5% during the 2nd quarter. Invesco Ltd. now owns 2,859,466 shares of the company’s stock valued at $257,123,000 after purchasing an additional 68,568 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Susquehanna reaffirmed a “positive” rating and issued a $215.00 target price on shares of Teradyne in a research report on Thursday, October 30th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. The Goldman Sachs Group raised Teradyne from a “sell” rating to a “buy” rating and lifted their target price for the company from $148.00 to $230.00 in a research note on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Teradyne in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a report on Monday, September 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $185.75.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the sale, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 3,324 shares of company stock valued at $583,639 in the last three months. Corporate insiders own 0.16% of the company’s stock.

Teradyne Price Performance

TER opened at $198.39 on Thursday. The company has a market capitalization of $31.07 billion, a PE ratio of 72.14, a price-to-earnings-growth ratio of 2.07 and a beta of 1.85. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $205.00. The business has a 50-day moving average of $176.30 and a 200-day moving average of $132.72.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 EPS 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 the consensus estimate of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 earnings per share. On average, equities research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were paid 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 payout ratio is presently 17.45%.

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.