Teradyne, Inc. (NASDAQ:TER) Stock Position Lifted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its stake in Teradyne, Inc. (NASDAQ:TER) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,839 shares of the company’s stock after purchasing an additional 4,603 shares during the period. Illinois Municipal Retirement Fund’s holdings in Teradyne were worth $11,377,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC bought a new stake in shares of Teradyne in the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Teradyne during the 3rd quarter valued at $27,000. CVA Family Office LLC bought a new stake in Teradyne during the 4th quarter valued at $33,000. Venturi Wealth Management LLC bought a new stake in Teradyne during the 3rd quarter valued at $36,000. Finally, NBC Securities Inc. bought a new stake in Teradyne during the 3rd quarter valued at $37,000. Institutional investors own 99.77% of the company’s stock.

Insider Activity at Teradyne

In other news, CFO Sanjay Mehta sold 1,083 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $110.95, for a total value of $120,158.85. Following the sale, the chief financial officer now directly owns 45,107 shares in the company, valued at approximately $5,004,621.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Sanjay Mehta sold 1,083 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $110.95, for a total value of $120,158.85. Following the sale, the chief financial officer now directly owns 45,107 shares in the company, valued at approximately $5,004,621.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard John Burns sold 317 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $112.68, for a total value of $35,719.56. Following the completion of the transaction, the insider now directly owns 20,300 shares in the company, valued at $2,287,404. The disclosure for this sale can be found here. Insiders have sold 11,797 shares of company stock worth $1,248,237 over the last three months. Company insiders own 0.18% of the company’s stock.

Teradyne Stock Up 2.1 %

Shares of NASDAQ:TER traded up $2.02 on Tuesday, reaching $99.78. The company had a trading volume of 527,628 shares, compared to its average volume of 1,781,061. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $119.20. The stock has a 50-day moving average price of $105.25 and a 200 day moving average price of $100.37. The stock has a market capitalization of $15.26 billion, a P/E ratio of 35.81 and a beta of 1.56.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The business had revenue of $670.60 million for the quarter, compared to analyst estimates of $674.99 million. During the same period in the previous year, the company posted $0.92 earnings per share. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, sell-side analysts predict that Teradyne, Inc. will post 2.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TER has been the topic of several research analyst reports. Evercore ISI initiated coverage on Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $113.73.

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.