State of Michigan Retirement System Boosts Stock Position in Teradyne, Inc. (NASDAQ:TER)

State of Michigan Retirement System raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 0.2% in the 1st quarter, Holdings Channel reports. The firm owned 43,935 shares of the company’s stock after purchasing an additional 100 shares during the quarter. State of Michigan Retirement System’s holdings in Teradyne were worth $4,957,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TER. Marshall Financial Group LLC lifted its position in shares of Teradyne by 1.2% during the fourth quarter. Marshall Financial Group LLC now owns 8,251 shares of the company’s stock valued at $895,000 after buying an additional 96 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in Teradyne by 24.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company’s stock valued at $56,000 after buying an additional 100 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Teradyne by 4.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company’s stock valued at $255,000 after purchasing an additional 107 shares in the last quarter. Congress Asset Management Co. MA grew its holdings in Teradyne by 2.9% in the fourth quarter. Congress Asset Management Co. MA now owns 3,860 shares of the company’s stock valued at $419,000 after purchasing an additional 110 shares during the period. Finally, Meritage Group LP increased its holdings in Teradyne by 5.3% in the 4th quarter. Meritage Group LP now owns 2,218 shares of the company’s stock worth $241,000 after acquiring an additional 111 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Sanjay Mehta sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the sale, the chief financial officer now owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the transaction, the chief financial officer now owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mercedes Johnson sold 625 shares of Teradyne 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 completion of the transaction, the director now directly owns 18,393 shares in the company, valued at $2,645,649.12. The disclosure for this sale can be found here. Insiders sold 10,005 shares of company stock valued at $1,304,763 in the last three months. 0.18% of the stock is currently owned by corporate insiders.

Teradyne Stock Performance

Teradyne stock opened at $149.60 on Wednesday. The stock’s 50 day moving average price is $136.07 and its 200 day moving average price is $115.89. The firm has a market capitalization of $23.35 billion, a PE ratio of 56.88, a price-to-earnings-growth ratio of 2.80 and a beta of 1.50. Teradyne, Inc. has a one year low of $81.07 and a one year high of $152.23.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. During the same period last year, the business earned $0.55 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, analysts forecast that Teradyne, Inc. will post 3.04 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Tuesday, May 21st. Teradyne’s payout ratio is 18.25%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Susquehanna increased their price objective on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research note on Friday, April 26th. Evercore ISI began coverage on Teradyne in a report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target for the company. UBS Group lifted their target price on shares of Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. KeyCorp increased their price target on shares of Teradyne from $140.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. Finally, Robert W. Baird lifted their target price on Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and an average target price of $125.85.

Teradyne 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.