Teradyne, Inc. $TER Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its position in Teradyne, Inc. (NASDAQ:TER) by 61.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 39,513 shares of the company’s stock after purchasing an additional 14,969 shares during the period. Teacher Retirement System of Texas’ holdings in Teradyne were worth $5,439,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Bank of Nova Scotia grew its stake in Teradyne by 546.5% in the 2nd quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock valued at $8,835,000 after acquiring an additional 83,055 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Teradyne by 3.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock worth $24,908,000 after purchasing an additional 9,094 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Teradyne by 291.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company’s stock worth $2,247,000 after purchasing an additional 18,612 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Teradyne by 73.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock valued at $412,000 after buying an additional 1,939 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH acquired a new stake in Teradyne during the 3rd quarter valued at $895,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TER. Northland Securities set a $186.00 price target on Teradyne in a report on Thursday, October 30th. Industrial Alliance Securities set a $175.00 target price on shares of Teradyne in a research note on Tuesday, October 28th. Citigroup raised their price target on shares of Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. JPMorgan Chase & Co. lifted their price target on shares of Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, Zacks Research downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.75.

Teradyne Price Performance

Shares of TER stock opened at $231.75 on Tuesday. The firm’s 50-day simple moving average is $200.91 and its 200-day simple moving average is $153.76. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $238.92. The firm has a market cap of $36.29 billion, a P/E ratio of 84.27, a PEG ratio of 1.65 and a beta of 1.84.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The firm had revenue of $769.21 million during the quarter, compared to the consensus estimate of $744.20 million. During the same period in the previous year, the firm earned $0.90 earnings per share. Teradyne’s revenue was up 4.3% compared to the same quarter last year. Analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Teradyne’s payout ratio is currently 17.45%.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.