Kentucky Retirement Systems Increases Stake in Teradyne, Inc. (NASDAQ:TER)

Kentucky Retirement Systems boosted its stake in Teradyne, Inc. (NASDAQ:TER) by 1.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,764 shares of the company’s stock after purchasing an additional 154 shares during the quarter. Kentucky Retirement Systems’ holdings in Teradyne were worth $1,744,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TER. Robeco Institutional Asset Management B.V. increased its stake in Teradyne by 78.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 85,226 shares of the company’s stock worth $86,000 after acquiring an additional 37,526 shares during the last quarter. UBS Group AG increased its position in Teradyne by 53.8% during the 4th quarter. UBS Group AG now owns 569,748 shares of the company’s stock worth $61,829,000 after purchasing an additional 199,417 shares in the last quarter. Assetmark Inc. raised its holdings in Teradyne by 4.6% in the fourth quarter. Assetmark Inc. now owns 23,819 shares of the company’s stock valued at $2,585,000 after buying an additional 1,057 shares during the period. Franklin Resources Inc. lifted its position in Teradyne by 3.7% during the fourth quarter. Franklin Resources Inc. now owns 44,303 shares of the company’s stock valued at $4,808,000 after buying an additional 1,592 shares in the last quarter. Finally, US Bancorp DE grew its stake in Teradyne by 8.2% during the fourth quarter. US Bancorp DE now owns 37,684 shares of the company’s stock worth $4,090,000 after buying an additional 2,862 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now directly 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 this link. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the completion of the transaction, the director now owns 17,143 shares in the company, valued at approximately $2,207,504.11. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 83,816 shares in the company, valued at approximately $10,896,080. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,483 shares of company stock valued at $1,383,031. Insiders own 0.36% of the company’s stock.

Teradyne Price Performance

Shares of TER opened at $128.95 on Friday. The stock has a market capitalization of $20.13 billion, a PE ratio of 49.03, a price-to-earnings-growth ratio of 2.62 and a beta of 1.49. The business’s fifty day moving average price is $131.76 and its 200 day moving average price is $128.18. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $163.21.

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

Teradyne Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on TER shares. 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. The Goldman Sachs Group boosted their price objective on Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Robert W. Baird increased their target price on Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Susquehanna boosted their price target on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. Finally, Evercore ISI downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, 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.