Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in Teradyne, Inc. (NASDAQ:TER) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,629 shares of the company’s stock after selling 893 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Teradyne were worth $4,360,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Compass Financial Services Inc purchased a new stake in Teradyne during the 4th quarter worth about $33,000. Manchester Capital Management LLC increased its position in Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after purchasing an additional 227 shares in the last quarter. Atala Financial Inc purchased a new stake in Teradyne during the 4th quarter worth about $47,000. Brooklyn Investment Group purchased a new stake in Teradyne during the 3rd quarter worth about $52,000. Finally, Quarry LP increased its position in Teradyne by 91.9% during the 3rd quarter. Quarry LP now owns 451 shares of the company’s stock worth $60,000 after purchasing an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insiders Place Their Bets

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the sale, the chief financial officer now directly owns 33,308 shares in the company, valued at $4,013,947.08. The trade was a 5.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 in the last three months. 0.36% of the stock is owned by insiders.

Teradyne Stock Performance

Teradyne stock opened at $87.51 on Monday. The stock’s 50 day moving average price is $112.72 and its 200 day moving average price is $118.67. The firm has a market capitalization of $14.15 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a one year low of $82.98 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. On average, analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.55%. The ex-dividend date was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Analyst Ratings Changes

TER has been the subject of a number of recent research reports. Northland Securities dropped their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Susquehanna dropped their price objective on Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research report on Wednesday, March 12th. UBS Group set a $130.00 price target on Teradyne and gave the company a “buy” rating in a report on Wednesday, March 12th. Stifel Nicolaus lowered their price target on Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, March 12th. Finally, Bank of America lowered their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.44.

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.