Federated Hermes Inc. Grows Stock Position in Teradyne, Inc. (NASDAQ:TER)

Federated Hermes Inc. boosted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 213.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 729,221 shares of the company’s stock after buying an additional 496,491 shares during the quarter. Federated Hermes Inc. owned 0.45% of Teradyne worth $91,824,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of TER. Public Sector Pension Investment Board boosted its stake in shares of Teradyne by 24.8% during the third quarter. Public Sector Pension Investment Board now owns 8,052 shares of the company’s stock valued at $1,078,000 after purchasing an additional 1,600 shares during the period. Centiva Capital LP lifted its holdings 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 buying an additional 410 shares in the last quarter. IHT Wealth Management LLC purchased a new stake in Teradyne in the 3rd quarter valued at about $277,000. Royal London Asset Management Ltd. grew 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 acquiring an additional 2,702 shares in the last quarter. Finally, Quarry LP increased its position in shares of Teradyne by 91.9% during the third quarter. Quarry LP now owns 451 shares of the company’s stock worth $60,000 after acquiring an additional 216 shares during the period. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In related news, insider Richard John Burns sold 445 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the transaction, the insider now owns 25,191 shares of the company’s stock, valued at approximately $2,808,544.59. This represents a 1.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of the firm’s 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 $215,592.39. Following the completion of the sale, the chief financial officer now directly owns 33,308 shares in the company, valued at approximately $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,399 shares of company stock valued at $612,734. 0.36% of the stock is owned by company insiders.

Analyst Ratings Changes

TER has been the topic of several research analyst reports. Citigroup dropped their price objective on Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Bank of America decreased their price objective on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday, March 12th. JPMorgan Chase & Co. dropped their target price on shares of Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Stifel Nicolaus cut their target price on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, March 12th. Finally, TD Cowen lowered their price target on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.44.

Teradyne Trading Down 8.5 %

Shares of NASDAQ TER opened at $68.72 on Monday. The company has a 50 day simple moving average of $102.41 and a two-hundred day simple moving average of $115.55. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a 12 month low of $64.02 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) 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%. Analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

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

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.