State of New Jersey Common Pension Fund D Reduces Holdings in Teradyne, Inc. (NASDAQ:TER)

State of New Jersey Common Pension Fund D trimmed its position in shares of Teradyne, Inc. (NASDAQ:TER) by 30.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,758 shares of the company’s stock after selling 24,126 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Teradyne were worth $8,120,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in Teradyne during the second quarter worth $27,000. Rothschild Investment LLC acquired a new position in Teradyne during the second quarter worth $33,000. American National Bank acquired a new position in Teradyne during the fourth quarter worth $37,000. Tortoise Investment Management LLC boosted its stake in Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after buying an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Teradyne by 3,800.0% during the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after buying an additional 342 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now owns 83,816 shares in the company, valued at approximately $10,896,080. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 83,816 shares in the company, valued at approximately $10,896,080. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the transaction, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. The disclosure for this sale can be found here. Insiders have sold a total of 10,483 shares of company stock worth $1,383,031 in the last quarter. 0.36% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TER. Stifel Nicolaus boosted their price objective on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Susquehanna upped their price target on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research note on Friday, July 26th. UBS Group upped their price target on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Robert W. Baird upped their price target on Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. upped their price target on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $141.50.

Teradyne Trading Up 2.4 %

TER opened at $131.23 on Friday. The stock’s 50-day moving average price is $134.35 and its 200 day moving average price is $127.45. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $163.21. The firm has a market cap of $21.41 billion, a price-to-earnings ratio of 49.90, a PEG ratio of 2.63 and a beta of 1.49.

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

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 0.37%. Teradyne’s dividend payout ratio (DPR) is 18.25%.

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.