Federated Hermes Inc. Acquires 496,491 Shares of Teradyne, Inc. (NASDAQ:TER)

Federated Hermes Inc. boosted its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 213.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 729,221 shares of the company's stock after buying an additional 496,491 shares during the quarter. Federated Hermes Inc. owned approximately 0.45% of Teradyne worth $91,824,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TER. Vanguard Group Inc. increased its stake in Teradyne by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock valued at $2,569,511,000 after purchasing an additional 92,428 shares in the last quarter. State Street Corp grew its position in shares of Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company's stock valued at $921,458,000 after purchasing an additional 350,002 shares during the period. Van ECK Associates Corp increased its stake in Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Geode Capital Management LLC raised its holdings in Teradyne by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock worth $515,665,000 after buying an additional 94,374 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Teradyne by 16.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock valued at $355,837,000 after buying an additional 393,175 shares in the last quarter. Institutional investors own 99.77% of the company's stock.

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Analyst Ratings Changes

A number of brokerages recently commented on TER. KeyCorp dropped their price objective on shares of Teradyne from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Morgan Stanley dropped their price target on Teradyne from $112.00 to $81.00 and set an "underweight" rating on the stock in a research note on Friday, March 14th. Northland Capmk upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Vertical Research assumed coverage on Teradyne in a research report on Friday, March 7th. They issued a "buy" rating and a $135.00 target price on the stock. Finally, Northland Securities decreased their price target on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $121.44.

Insider Activity

In related news, insider Richard John Burns sold 445 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the sale, the insider now directly owns 25,191 shares in the company, valued at $2,808,544.59. This represents a 1.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 1,789 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the transaction, the chief financial officer now directly owns 33,308 shares of the company's stock, valued at approximately $4,013,947.08. The trade was a 5.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,399 shares of company stock worth $612,734. 0.36% of the stock is currently owned by company insiders.

Teradyne Stock Performance

Shares of TER stock traded up $1.36 during midday trading on Friday, hitting $73.65. 3,689,926 shares of the company were exchanged, compared to its average volume of 2,531,051. The firm has a market capitalization of $11.85 billion, a P/E ratio of 22.12, a PEG ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21. The firm's 50 day moving average price is $96.33 and its two-hundred day moving average price is $112.97.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.12 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.65%. Teradyne's dividend payout ratio is presently 14.41%.

About Teradyne

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.