Channing Capital Management LLC Acquires New Position in Teradyne, Inc. (NASDAQ:TER)

Channing Capital Management LLC bought a new position in Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 82,610 shares of the company’s stock, valued at approximately $8,965,000.

A number of other institutional investors have also modified their holdings of TER. Cornerstone Planning Group LLC bought a new stake in shares of Teradyne in the 3rd quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Teradyne in the third quarter worth approximately $27,000. CVA Family Office LLC purchased a new stake in Teradyne during the fourth quarter worth $33,000. Venturi Wealth Management LLC bought a new stake in Teradyne during the 3rd quarter valued at $36,000. Finally, NBC Securities Inc. purchased a new position in shares of Teradyne in the 3rd quarter valued at $37,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TER shares. JPMorgan Chase & Co. raised their price objective on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Evercore ISI assumed coverage on shares of Teradyne in a report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target on the stock. Robert W. Baird lifted their price objective on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. The Goldman Sachs Group raised their target price on shares of Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Finally, Susquehanna lifted their price target on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Teradyne currently has a consensus rating of “Hold” and an average target price of $117.83.

Teradyne Stock Up 2.6 %

Shares of TER traded up $3.05 during trading hours on Friday, reaching $120.44. 2,694,180 shares of the company traded hands, compared to its average volume of 2,462,491. The business has a fifty day moving average price of $107.25 and a 200-day moving average price of $101.28. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $121.86. The stock has a market capitalization of $18.42 billion, a P/E ratio of 45.79 and a beta of 1.50.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The business had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. During the same quarter in the previous year, the business earned $0.55 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, research analysts predict that Teradyne, Inc. will post 2.99 EPS for the current fiscal year.

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.