Teradyne, Inc. (TER) Shares Bought by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System increased its position in Teradyne, Inc. (NYSE:TER) by 2.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,900 shares of the semiconductor company’s stock after buying an additional 1,300 shares during the period. Louisiana State Employees Retirement System’s holdings in Teradyne were worth $1,559,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in TER. BlackRock Inc. boosted its position in Teradyne by 11,980.5% in the first quarter. BlackRock Inc. now owns 18,369,484 shares of the semiconductor company’s stock worth $571,292,000 after buying an additional 18,217,425 shares during the period. Capital Growth Management LP bought a new position in Teradyne during the first quarter worth approximately $55,047,000. Wells Fargo & Company MN boosted its position in Teradyne by 219.4% in the first quarter. Wells Fargo & Company MN now owns 2,511,221 shares of the semiconductor company’s stock worth $78,099,000 after buying an additional 1,724,980 shares during the period. Ardevora Asset Management LLP bought a new position in Teradyne during the second quarter worth approximately $32,468,000. Finally, Acadian Asset Management LLC boosted its position in Teradyne by 588.8% in the first quarter. Acadian Asset Management LLC now owns 1,155,622 shares of the semiconductor company’s stock worth $35,941,000 after buying an additional 987,841 shares during the period. 93.55% of the stock is owned by hedge funds and other institutional investors.
Teradyne, Inc. (NYSE TER) opened at 35.20 on Friday. The firm’s market cap is $7.00 billion. The company has a 50-day moving average price of $32.94 and a 200-day moving average price of $31.29. Teradyne, Inc. has a 1-year low of $19.43 and a 1-year high of $36.59.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, April 26th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The business had revenue of $457 million for the quarter, compared to analysts’ expectations of $440.96 million. Teradyne had a positive return on equity of 18.34% and a negative net margin of 0.46%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 EPS. On average, equities research analysts forecast that Teradyne, Inc. will post $1.89 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Thursday, June 1st were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.79%. Teradyne’s payout ratio is currently -699.83%.
TER has been the subject of a number of research analyst reports. Robert W. Baird initiated coverage on shares of Teradyne in a research report on Monday, April 3rd. They set an “outperform” rating and a $37.00 price objective for the company. Zacks Investment Research raised Teradyne from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, June 28th. ValuEngine raised Teradyne from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stifel Nicolaus lifted their target price on Teradyne from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, April 25th. Finally, BidaskClub downgraded Teradyne from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $31.71.
In related news, Director Michael A. Bradley sold 9,235 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $35.32, for a total transaction of $326,180.20. Following the transaction, the director now directly owns 195,405 shares in the company, valued at approximately $6,901,704.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Daniel W. Christman sold 3,232 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $35.65, for a total value of $115,220.80. Following the transaction, the director now owns 30,163 shares in the company, valued at $1,075,310.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,467 shares of company stock worth $721,961. Insiders own 0.62% of the company’s stock.
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.
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