Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama raised its stake in Teradyne, Inc. (NASDAQ:TER) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,437 shares of the company’s stock after acquiring an additional 694 shares during the quarter. Retirement Systems of Alabama’s holdings in Teradyne were worth $5,107,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Swedbank AB grew its position in shares of Teradyne by 198.8% during the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after acquiring an additional 426,900 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Teradyne by 6.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 158,270 shares of the company’s stock valued at $16,104,000 after purchasing an additional 9,960 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Teradyne by 17.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock valued at $37,887,000 after buying an additional 50,156 shares in the last quarter. Caxton Associates LP acquired a new position in shares of Teradyne during the 4th quarter worth approximately $1,560,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Teradyne by 8.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock valued at $21,295,000 after buying an additional 14,272 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Down 2.2 %

Shares of TER stock opened at $133.00 on Tuesday. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $163.21. The company’s 50-day moving average price is $140.06 and its 200-day moving average price is $124.61. The stock has a market cap of $21.70 billion, a price-to-earnings ratio of 50.57, a PEG ratio of 2.69 and a beta of 1.50.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping 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 company had revenue of $729.88 million for 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 quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts predict that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 5th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 0.36%. Teradyne’s payout ratio is 18.25%.

Wall Street Analysts Forecast Growth

TER has been the subject of several recent analyst reports. Susquehanna boosted their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a report on Friday, July 26th. Stifel Nicolaus boosted their target price on shares of Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. 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 research note on Friday, August 16th. The Goldman Sachs Group boosted their price objective on Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Finally, KeyCorp increased their target price on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $141.50.

Insiders Place Their Bets

In other news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the transaction, the chief financial officer now directly owns 35,834 shares in the company, valued at approximately $4,768,072.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total transaction of $89,900.00. Following the transaction, the director now directly owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The disclosure for this sale can be found here. Insiders sold a total of 7,403 shares of company stock valued at $989,099 over the last quarter. 0.36% of the stock is owned by insiders.

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.