State of Alaska Department of Revenue Sells 10,410 Shares of Teradyne, Inc. (NASDAQ:TER)

State of Alaska Department of Revenue decreased its holdings in Teradyne, Inc. (NASDAQ:TER) by 17.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,106 shares of the company’s stock after selling 10,410 shares during the period. State of Alaska Department of Revenue’s holdings in Teradyne were worth $5,427,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of the 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 owns 41,902 shares in the company, valued at $5,030,754.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $121.20, for a total value of $75,750.00. Following the transaction, the director now owns 17,142 shares of the company’s stock, valued at $2,077,610.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction on Friday, May 3rd. The shares were 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 have sold 10,005 shares of company stock valued at $1,304,763 in the last quarter. 0.18% of the stock is owned by insiders.

Teradyne Trading Up 1.4 %

Shares of TER opened at $151.70 on Thursday. The company’s fifty day simple moving average is $137.09 and its 200-day simple moving average is $116.14. The company has a market cap of $23.68 billion, a P/E ratio of 57.68, a P/E/G ratio of 2.82 and a beta of 1.50. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $152.67.

Teradyne (NASDAQ:TER) last posted 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. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company had revenue of $599.82 million for the quarter, compared to analyst estimates of $566.31 million. During the same period in the prior year, the company posted $0.55 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Analysts predict that Teradyne, Inc. will post 3.04 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, April 26th. JPMorgan Chase & Co. raised their price target on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. KeyCorp lifted their price objective on Teradyne from $140.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st. UBS Group increased their target price on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a report on Thursday, April 25th. 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. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price 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.