Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stake in Teradyne, Inc. (NASDAQ:TER)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TERFree Report) by 14.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,967 shares of the company’s stock after buying an additional 3,928 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Teradyne were worth $3,111,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cornerstone Planning Group LLC acquired a new stake in Teradyne during the 3rd quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Teradyne during the 3rd quarter worth $27,000. Venturi Wealth Management LLC acquired a new position in Teradyne during the 3rd quarter worth $36,000. NBC Securities Inc. acquired a new position in shares of Teradyne during the third quarter valued at about $37,000. Finally, IFP Advisors Inc raised its position in shares of Teradyne by 20.6% during the second quarter. IFP Advisors Inc now owns 3,063 shares of the company’s stock valued at $44,000 after buying an additional 523 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Sanjay Mehta sold 1,083 shares of Teradyne stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $110.95, for a total value of $120,158.85. Following the completion of the transaction, the chief financial officer now owns 45,107 shares of the company’s stock, valued at approximately $5,004,621.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Sanjay Mehta sold 1,083 shares of Teradyne stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $110.95, for a total transaction of $120,158.85. Following the completion of the sale, the chief financial officer now owns 45,107 shares of the company’s stock, valued at approximately $5,004,621.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ernest E. Maddock bought 1,000 shares of Teradyne stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average cost of $94.07 per share, with a total value of $94,070.00. Following the acquisition, the director now directly owns 4,728 shares in the company, valued at approximately $444,762.96. The disclosure for this purchase can be found here. Insiders sold a total of 13,282 shares of company stock valued at $1,402,944 in the last quarter. Company insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TER. TheStreet lowered shares of Teradyne from a “b-” rating to a “c+” rating in a research report on Tuesday, October 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Teradyne in a research note on Wednesday, January 31st. Morgan Stanley reduced their price objective on shares of Teradyne from $114.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday, October 27th. Craig Hallum reduced their price objective on shares of Teradyne from $131.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Finally, Bank of America reiterated an “underperform” rating and issued a $100.00 target price on shares of Teradyne in a report on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Teradyne presently has an average rating of “Hold” and a consensus target price of $109.27.

Get Our Latest Stock Analysis on Teradyne

Teradyne Trading Up 0.6 %

Teradyne stock opened at $102.91 on Tuesday. The company has a market cap of $15.73 billion, a P/E ratio of 37.70 and a beta of 1.56. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $119.20. The company has a fifty day simple moving average of $103.18 and a 200 day simple moving average of $99.43.

Teradyne (NASDAQ:TERGet Free Report) last released its earnings results on Tuesday, January 30th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The business had revenue of $670.60 million during the quarter, compared to the consensus estimate of $674.99 million. During the same quarter last year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities research analysts forecast that Teradyne, Inc. will post 3.04 EPS for the current year.

Teradyne Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, February 16th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Thursday, February 15th. This is an increase from Teradyne’s previous quarterly dividend of $0.11. Teradyne’s dividend payout ratio (DPR) is 16.12%.

Teradyne Profile

(Free Report)

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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