Public Employees Retirement Association of Colorado Decreases Stake in Teradyne, Inc. (NASDAQ:TER)

Public Employees Retirement Association of Colorado decreased its holdings in Teradyne, Inc. (NASDAQ:TER) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,236 shares of the company’s stock after selling 303 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Teradyne were worth $2,111,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Teradyne during the 2nd quarter worth $27,000. Rothschild Investment LLC acquired a new stake in shares of Teradyne during the 2nd quarter valued at approximately $33,000. Tortoise Investment Management LLC boosted its stake in shares of Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Teradyne by 3,800.0% in the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after acquiring an additional 342 shares during the period. Finally, Capital Advisors Ltd. LLC increased its stake in Teradyne by 559.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 435 shares of the company’s stock valued at $65,000 after purchasing an additional 369 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. KeyCorp boosted their target price on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. Robert W. Baird increased their price objective on shares of Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. raised their target price on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a report on Friday, August 16th. Finally, The Goldman Sachs Group raised their price objective 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of “Hold” and an average target price of $141.50.

Insider Buying and Selling

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the sale, the director now owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,483 shares of company stock valued at $1,383,031. 0.36% of the stock is currently owned by company insiders.

Teradyne Price Performance

TER opened at $129.69 on Tuesday. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $163.21. The business has a 50-day moving average of $131.76 and a two-hundred day moving average of $128.51. The stock has a market capitalization of $20.25 billion, a price-to-earnings ratio of 49.31, a price-to-earnings-growth ratio of 2.62 and a beta of 1.49.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm had revenue of $729.88 million during the quarter, compared to the consensus estimate of $701.20 million. During the same period in the previous year, the firm earned $0.79 earnings per share. Teradyne’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.37%. Teradyne’s payout ratio is 18.25%.

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.