Teradyne, Inc. (NASDAQ:TER) Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas trimmed its holdings in Teradyne, Inc. (NASDAQ:TER) by 31.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,575 shares of the company’s stock after selling 8,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Teradyne were worth $2,606,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Swedbank AB grew its holdings in shares of Teradyne by 198.8% in the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after acquiring an additional 426,900 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Teradyne by 17.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock worth $37,887,000 after purchasing an additional 50,156 shares in the last quarter. Caxton Associates LP acquired a new stake in Teradyne during the 4th quarter worth about $1,560,000. Janney Montgomery Scott LLC lifted its stake in Teradyne by 8.2% during the first 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. Finally, KBC Group NV boosted its holdings in shares of Teradyne by 1,544.3% in the fourth quarter. KBC Group NV now owns 473,221 shares of the company’s stock worth $51,354,000 after buying an additional 444,442 shares during the period. Institutional investors own 99.77% of the company’s stock.

Insider Activity

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 shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 83,816 shares in the company, valued at $10,896,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the transaction, the director now owns 16,518 shares of the company’s stock, valued at $2,204,987.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now owns 83,816 shares of the company’s stock, valued at $10,896,080. The disclosure for this sale can be found here. Insiders have sold a total of 10,483 shares of company stock valued at $1,383,031 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

Teradyne Trading Up 5.2 %

TER stock opened at $137.41 on Friday. The firm has a market cap of $22.42 billion, a PE ratio of 52.25, a PEG ratio of 2.68 and a beta of 1.49. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $163.21. The company has a fifty day simple moving average of $129.85 and a 200 day simple moving average of $128.89.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. The company had revenue of $729.88 million during the quarter, compared to the consensus estimate of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 EPS. As a group, analysts forecast that Teradyne, Inc. will post 3.02 EPS for the current fiscal 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 of this dividend is Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 0.35%. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TER shares. Northland Capmk downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a research report on Friday, August 16th. Susquehanna lifted their price target on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a report on Friday, July 26th. Craig Hallum downgraded Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective for the company. in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. lifted their target price on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. One investment 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, the company has an average rating of “Hold” and an average target price of $141.50.

About Teradyne

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.