Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in Teradyne, Inc. (NASDAQ:TER) by 213.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 729,221 shares of the company’s stock after purchasing an additional 496,491 shares during the quarter. Federated Hermes Inc.’s holdings in Teradyne were worth $91,824,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TER. Public Sector Pension Investment Board raised its position in shares of Teradyne by 24.8% in the third quarter. Public Sector Pension Investment Board now owns 8,052 shares of the company’s stock valued at $1,078,000 after buying an additional 1,600 shares during the last quarter. Centiva Capital LP grew its stake in Teradyne by 30.2% during the 3rd quarter. Centiva Capital LP now owns 1,767 shares of the company’s stock valued at $237,000 after acquiring an additional 410 shares in the last quarter. IHT Wealth Management LLC acquired a new stake in Teradyne in the 3rd quarter valued at about $277,000. Royal London Asset Management Ltd. lifted its stake in Teradyne by 4.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 69,187 shares of the company’s stock worth $9,266,000 after purchasing an additional 2,702 shares in the last quarter. Finally, Quarry LP boosted its holdings in shares of Teradyne by 91.9% during the 3rd quarter. Quarry LP now owns 451 shares of the company’s stock worth $60,000 after purchasing an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Activity

In related news, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the transaction, the insider now owns 20,764 shares in the company, valued at $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ryan Driscoll sold 437 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $44,574.00. Following the transaction, the vice president now owns 4,312 shares of the company’s stock, valued at $439,824. This trade represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,399 shares of company stock worth $612,734. Corporate insiders own 0.36% of the company’s stock.

Teradyne Price Performance

Shares of Teradyne stock opened at $68.72 on Monday. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. The business has a 50-day moving average of $102.41 and a 200 day moving average of $115.55. Teradyne, Inc. has a 12 month low of $64.02 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Equities research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s payout ratio is currently 14.41%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TER. KeyCorp reduced their price objective on Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Vertical Research started coverage on Teradyne in a research note on Friday, March 7th. They issued a “buy” rating and a $135.00 target price for the company. Robert W. Baird lowered their price target on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Northland Securities cut their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Finally, Morgan Stanley reduced their target price on shares of Teradyne from $112.00 to $81.00 and set an “underweight” rating on the stock in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.44.

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.