Teradyne, Inc. (NASDAQ:TER) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its position in Teradyne, Inc. (NASDAQ:TER) by 11.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 115,839 shares of the company’s stock after selling 14,906 shares during the period. Canada Pension Plan Investment Board owned about 0.07% of Teradyne worth $17,178,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. increased its stake in shares of Teradyne by 206.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,934 shares of the company’s stock worth $1,325,000 after purchasing an additional 6,022 shares in the last quarter. Trust Investment Advisors acquired a new stake in Teradyne during the 2nd quarter valued at $252,000. Ieq Capital LLC increased its position in Teradyne by 4.7% during the second quarter. Ieq Capital LLC now owns 14,408 shares of the company’s stock worth $2,137,000 after buying an additional 652 shares in the last quarter. Kentucky Retirement Systems raised its holdings in shares of Teradyne by 1.3% in the second quarter. Kentucky Retirement Systems now owns 11,764 shares of the company’s stock worth $1,744,000 after acquiring an additional 154 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Teradyne by 27.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,703 shares of the company’s stock valued at $2,606,000 after acquiring an additional 3,865 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Activity

In related news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the sale, the director now directly owns 17,143 shares in the company, valued at approximately $2,207,504.11. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, 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 value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 83,816 shares of the company’s stock, valued at $10,896,080. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the sale, the director now owns 17,143 shares in the company, valued at $2,207,504.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,483 shares of company stock valued at $1,383,031. 0.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on TER. Citigroup reduced their price objective on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Craig Hallum lowered Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price target on the stock. in a research note on Friday, July 26th. Susquehanna lifted their price objective on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. lifted their price target on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $141.50.

Teradyne Stock Up 0.6 %

Shares of NASDAQ:TER opened at $129.69 on Tuesday. The company has a market cap of $20.25 billion, a PE ratio of 49.31, a P/E/G ratio of 2.62 and a beta of 1.49. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $163.21. The firm has a 50-day simple moving average of $131.76 and a 200 day simple moving average of $128.51.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The business had revenue of $729.88 million for the quarter, compared to analysts’ expectations of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS. As a group, research analysts forecast that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Thursday, September 5th. 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.