Teachers Retirement System of The State of Kentucky Sells 745 Shares of Teradyne, Inc. (NASDAQ:TER)

Teachers Retirement System of The State of Kentucky trimmed its position in Teradyne, Inc. (NASDAQ:TER) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,351 shares of the company’s stock after selling 745 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Teradyne were worth $1,449,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Teradyne in the 4th quarter worth $188,873,000. Van ECK Associates Corp increased its stake in Teradyne by 26.9% during the fourth quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company’s stock worth $473,265,000 after acquiring an additional 923,612 shares during the last quarter. Boston Partners raised its position in Teradyne by 23.2% during the fourth quarter. Boston Partners now owns 2,896,349 shares of the company’s stock valued at $314,324,000 after purchasing an additional 544,482 shares during the period. KBC Group NV lifted its stake in shares of Teradyne by 1,544.3% in the 4th quarter. KBC Group NV now owns 473,221 shares of the company’s stock valued at $51,354,000 after purchasing an additional 444,442 shares during the last quarter. Finally, Kodai Capital Management LP bought a new stake in shares of Teradyne in the 4th quarter valued at approximately $38,068,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TER has been the topic of several recent research reports. UBS Group increased their price target on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a report on Thursday, April 25th. The Goldman Sachs Group lifted their price target on shares of Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Susquehanna increased their price objective on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. Finally, KeyCorp boosted their target price on Teradyne from $140.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.85.

Teradyne Stock Up 0.3 %

Shares of NASDAQ TER opened at $148.45 on Monday. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $152.23. The firm has a market cap of $23.17 billion, a PE ratio of 56.44, a price-to-earnings-growth ratio of 2.79 and a beta of 1.51. The business has a fifty day simple moving average of $129.51 and a two-hundred day simple moving average of $113.29.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. The company had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. On average, research analysts expect that Teradyne, Inc. will post 3.04 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 22nd were issued a $0.12 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.32%. Teradyne’s dividend payout ratio is presently 18.25%.

Insider Transactions at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $143.84, for a total value of $89,900.00. Following the transaction, the director now owns 18,393 shares in the company, valued at $2,645,649.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the completion of the sale, the director now directly owns 18,393 shares in the company, valued at $2,645,649.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the transaction, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The disclosure for this sale can be found here. In the last three months, insiders sold 10,005 shares of company stock valued at $1,304,763. Corporate insiders own 0.36% of the company’s stock.

Teradyne Company 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.