Teradyne, Inc. (NASDAQ:TER) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 2.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,629 shares of the company’s stock after selling 893 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Teradyne were worth $4,360,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Van ECK Associates Corp increased its stake in shares of Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after buying an additional 1,846,079 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Teradyne during the fourth quarter worth approximately $160,087,000. Assenagon Asset Management S.A. increased its stake in shares of Teradyne by 1,767.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock worth $116,233,000 after buying an additional 873,626 shares during the period. Alkeon Capital Management LLC increased its stake in shares of Teradyne by 189.6% during the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock worth $153,218,000 after buying an additional 749,003 shares during the period. Finally, Holocene Advisors LP purchased a new stake in shares of Teradyne during the third quarter worth approximately $91,129,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard John Burns sold 407 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the sale, the insider now directly owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock valued at $1,013,134 over the last three months. 0.36% of the stock is currently owned by company insiders.

Teradyne Trading Down 0.8 %

TER stock opened at $87.51 on Monday. The company has a market capitalization of $14.15 billion, a P/E ratio of 26.28, a PEG ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a twelve month low of $82.98 and a twelve month high of $163.21. The business has a 50 day simple moving average of $112.72 and a 200-day simple moving average of $118.67.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio is presently 14.41%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Cantor Fitzgerald cut their target price on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. KeyCorp cut their target price on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Susquehanna cut their target price on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating on the stock in a research note on Wednesday, March 12th. Vertical Research assumed coverage on shares of Teradyne in a research note on Friday, March 7th. They issued a “buy” rating and a $135.00 price target on the stock. Finally, Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $121.44.

About Teradyne

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.