State of Michigan Retirement System Grows Position in Teradyne, Inc. (NASDAQ:TER)

State of Michigan Retirement System grew its stake in Teradyne, Inc. (NASDAQ:TER) by 0.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,935 shares of the company’s stock after acquiring an additional 100 shares during the quarter. State of Michigan Retirement System’s holdings in Teradyne were worth $4,957,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its position in shares of Teradyne by 23.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 5,501 shares of the company’s stock worth $553,000 after acquiring an additional 1,046 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Teradyne by 147.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,820 shares of the company’s stock valued at $786,000 after purchasing an additional 4,659 shares during the last quarter. Gotham Asset Management LLC grew its stake in shares of Teradyne by 59.5% during the 3rd quarter. Gotham Asset Management LLC now owns 4,108 shares of the company’s stock valued at $413,000 after buying an additional 1,532 shares during the period. Axxcess Wealth Management LLC increased its holdings in shares of Teradyne by 89.2% during the 3rd quarter. Axxcess Wealth Management LLC now owns 10,454 shares of the company’s stock worth $1,050,000 after buying an additional 4,930 shares during the last quarter. Finally, Lido Advisors LLC raised its position in shares of Teradyne by 0.6% in the 3rd quarter. Lido Advisors LLC now owns 20,369 shares of the company’s stock worth $2,046,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Buying and Selling

In related news, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the transaction, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Monday, May 6th. The shares were sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the sale, the director now owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 3,750 shares of Teradyne 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 sale, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The disclosure for this sale can be found here. Insiders sold a total of 10,005 shares of company stock valued at $1,304,763 over the last ninety days. 0.18% of the stock is owned by company insiders.

Teradyne Price Performance

Shares of Teradyne stock opened at $149.60 on Wednesday. The stock has a 50-day simple moving average of $136.07 and a 200-day simple moving average of $115.89. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $152.23. The firm has a market cap of $23.35 billion, a price-to-earnings ratio of 56.88, a P/E/G ratio of 2.80 and a beta of 1.50.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. The firm had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. As a group, equities research analysts predict that Teradyne, Inc. will post 3.04 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders 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 annualized dividend and a yield of 0.32%. Teradyne’s dividend payout ratio (DPR) is 18.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TER shares. Evercore ISI started coverage on Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target for the company. UBS Group increased their target price on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. JPMorgan Chase & Co. raised their price target on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a research note on Thursday, April 25th. Finally, Robert W. Baird raised their target price on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $125.85.

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.