Teradyne, Inc. (NASDAQ:TER) Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC trimmed its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 41.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 385,400 shares of the company's stock after selling 276,952 shares during the quarter. Teradyne comprises about 1.0% of Ceredex Value Advisors LLC's investment portfolio, making the stock its 29th biggest position. Ceredex Value Advisors LLC owned about 0.24% of Teradyne worth $51,617,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in Teradyne in the 2nd quarter worth approximately $27,000. Rothschild Investment LLC purchased a new stake in Teradyne during the second quarter valued at $33,000. Quarry LP raised its stake in Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company's stock valued at $35,000 after purchasing an additional 169 shares in the last quarter. Tortoise Investment Management LLC lifted its position in Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company's stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Teradyne by 3,800.0% in the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company's stock worth $52,000 after buying an additional 342 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Mercedes Johnson sold 625 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $83,000.00. Following the sale, the director now owns 15,893 shares of the company's stock, valued at $2,110,590.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $83,000.00. Following the completion of the sale, the director now owns 15,893 shares of the company's stock, valued at $2,110,590.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the transaction, the insider now directly owns 21,864 shares in the company, valued at $2,903,539.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,352 shares of company stock worth $1,899,353 over the last 90 days. Company insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TER. Robert W. Baird decreased their target price on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. StockNews.com raised Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. Craig Hallum cut their target price on Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their price target on Teradyne from $120.00 to $145.00 and gave the company a "neutral" rating in a report on Tuesday, July 23rd. Finally, Citigroup dropped their price objective on shares of Teradyne from $185.00 to $162.00 and set a "buy" rating for the company in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Teradyne presently has a consensus rating of "Hold" and a consensus target price of $142.62.

Teradyne Trading Up 0.3 %

Shares of TER traded up $0.28 during midday trading on Friday, reaching $106.49. 2,352,075 shares of the stock were exchanged, compared to its average volume of 2,275,376. The company has a market capitalization of $17.38 billion, a P/E ratio of 33.81, a PEG ratio of 2.31 and a beta of 1.52. Teradyne, Inc. has a 52 week low of $83.74 and a 52 week high of $163.21. The company's 50 day moving average is $126.98 and its two-hundred day moving average is $131.98.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company had revenue of $737.30 million for the quarter, compared to analysts' expectations of $716.40 million. During the same period in the prior year, the business earned $0.80 EPS. The firm's quarterly revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts expect that Teradyne, Inc. will post 3.15 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne's dividend payout ratio (DPR) is 15.24%.

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.