82,610 Shares in Teradyne, Inc. (NASDAQ:TER) Bought by Channing Capital Management LLC

Channing Capital Management LLC acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 82,610 shares of the company’s stock, valued at approximately $8,965,000. Channing Capital Management LLC owned 0.05% of Teradyne as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its position in Teradyne by 7.1% in the third quarter. Commonwealth Equity Services LLC now owns 14,245 shares of the company’s stock worth $1,431,000 after acquiring an additional 948 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Teradyne by 2.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 8,753 shares of the company’s stock valued at $879,000 after purchasing an additional 198 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Teradyne by 3.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,632,831 shares of the company’s stock valued at $164,034,000 after purchasing an additional 47,889 shares during the last quarter. Forsta AP Fonden raised its holdings in shares of Teradyne by 0.7% during the 3rd quarter. Forsta AP Fonden now owns 30,400 shares of the company’s stock valued at $3,054,000 after buying an additional 200 shares in the last quarter. Finally, Concord Wealth Partners bought a new stake in Teradyne in the 3rd quarter worth approximately $150,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TER has been the topic of a number of recent research reports. Susquehanna increased their price target on shares of Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research report on Friday, April 26th. Evercore ISI started coverage on shares of Teradyne in a report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 target price on the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a research note on Thursday, April 25th. 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 note on Thursday, April 11th. Finally, The Goldman Sachs Group lifted their price objective on Teradyne from $107.00 to $118.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $117.83.

Teradyne Stock Up 2.6 %

Shares of TER traded up $3.05 during mid-day trading on Friday, hitting $120.44. 2,694,180 shares of the company’s stock traded hands, compared to its average volume of 2,462,491. The business’s 50-day moving average price is $107.25 and its 200-day moving average price is $101.28. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $121.86. The firm 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 issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The business had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. During the same period in the previous year, the firm earned $0.55 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Sell-side analysts anticipate that Teradyne, Inc. will post 2.99 earnings per share for the current fiscal year.

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.