Teradyne, Inc. (NASDAQ:TER) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in Teradyne, Inc. (NASDAQ:TER) by 40.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,130 shares of the company’s stock after selling 4,851 shares during the period. Teacher Retirement System of Texas’ holdings in Teradyne were worth $774,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TER. Cornerstone Planning Group LLC acquired a new position in shares of Teradyne in the 3rd quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Teradyne in the 3rd quarter valued at about $27,000. CVA Family Office LLC acquired a new position in shares of Teradyne in the 4th quarter valued at about $33,000. NBC Securities Inc. acquired a new position in shares of Teradyne in the 3rd quarter valued at about $37,000. Finally, Cambridge Trust Co. acquired a new position in shares of Teradyne in the 4th quarter valued at about $38,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Trading Down 1.8 %

Shares of NASDAQ TER opened at $140.25 on Friday. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $145.64. The company has a market capitalization of $21.89 billion, a price-to-earnings ratio of 53.33, a price-to-earnings-growth ratio of 2.71 and a beta of 1.50. The business has a 50 day simple moving average of $114.26 and a 200-day simple moving average of $105.23.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $566.31 million. During the same period in the previous year, the business earned $0.55 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities analysts predict that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 22nd will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a yield of 0.34%. Teradyne’s dividend payout ratio is currently 18.25%.

Insider Activity at Teradyne

In related news, insider Richard John Burns sold 5,005 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the completion of the transaction, the insider now owns 21,780 shares in the company, valued at approximately $2,997,799.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Richard John Burns sold 5,005 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the completion of the transaction, the insider now owns 21,780 shares in the company, valued at approximately $2,997,799.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the transaction, the director now owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The disclosure for this sale can be found here. Insiders sold 9,380 shares of company stock worth $1,214,863 in the last 90 days. 0.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Evercore ISI assumed coverage on Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price objective on the stock. KeyCorp boosted their price target on Teradyne from $140.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday. Robert W. Baird boosted their price target on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. boosted their price target on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, Susquehanna boosted their price target on Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and an average target price of $122.17.

Teradyne Company 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.