State of Alaska Department of Revenue Reduces Holdings in Teradyne, Inc. (NASDAQ:TER)

State of Alaska Department of Revenue lowered its position in Teradyne, Inc. (NASDAQ:TER) by 17.8% during the first quarter, HoldingsChannel reports. The firm owned 48,106 shares of the company’s stock after selling 10,410 shares during the period. State of Alaska Department of Revenue’s holdings in Teradyne were worth $5,427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC purchased a new position in shares of Teradyne in the fourth quarter worth about $33,000. American National Bank purchased a new position in Teradyne in the 4th quarter worth approximately $37,000. Cambridge Trust Co. acquired a new position in shares of Teradyne during the 4th quarter worth approximately $38,000. Mather Group LLC. purchased a new stake in shares of Teradyne in the first quarter valued at approximately $53,000. Finally, Advantage Trust Co acquired a new stake in shares of Teradyne in the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Ratings Changes

TER has been the subject of several analyst reports. Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a report on Thursday, April 25th. The Goldman Sachs Group upped their price objective on shares of Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. JPMorgan Chase & Co. raised their price objective on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. UBS Group boosted 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. Finally, KeyCorp raised their price target on shares of Teradyne from $140.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus price target of $125.85.

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the sale, the director now owns 18,393 shares of the company’s stock, valued at $2,645,649.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the sale, the director now directly owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sanjay Mehta sold 3,750 shares of the 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 in the company, valued at $5,030,754.12. The disclosure for this sale can be found here. Insiders sold a total of 10,005 shares of company stock valued at $1,304,763 in the last three months. 0.18% of the stock is owned by corporate insiders.

Teradyne Stock Performance

NASDAQ:TER opened at $151.70 on Thursday. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $152.67. The company has a 50 day moving average price of $137.09 and a 200 day moving average price of $116.14. The stock has a market capitalization of $23.68 billion, a P/E ratio of 57.68, a PEG ratio of 2.82 and a beta of 1.50.

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

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were issued 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 dividend payout ratio (DPR) is 18.25%.

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.