Teachers Retirement System of The State of Kentucky Cuts Stock Position in Teradyne, Inc. (NASDAQ:TER)

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,285 shares of the company’s stock after selling 334 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Teradyne were worth $1,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Mitchell & Pahl Private Wealth LLC increased its stake in shares of Teradyne by 1.1% in the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock worth $1,074,000 after acquiring an additional 79 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Teradyne by 0.6% during the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock worth $1,693,000 after buying an additional 83 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Teradyne by 17.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $97,000 after buying an additional 96 shares during the period. Wealth Alliance lifted its holdings in Teradyne by 3.3% in the second quarter. Wealth Alliance now owns 3,044 shares of the company’s stock valued at $451,000 after acquiring an additional 98 shares during the last quarter. Finally, Quent Capital LLC increased its stake in Teradyne by 6.0% during the second quarter. Quent Capital LLC now owns 1,868 shares of the company’s stock worth $277,000 after acquiring an additional 105 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at $10,896,080. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the sale, the director now directly owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at $10,896,080. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,977 shares of company stock valued at $1,979,834 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TER shares. Robert W. Baird increased their price objective on shares of Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Northland Securities decreased their target price on Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a research note on Friday, July 26th. Stifel Nicolaus lifted their target price on Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a research report on Tuesday, July 16th. Northland Capmk cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, Evercore ISI cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a 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 issued a buy rating to the company. According to data from MarketBeat.com, Teradyne presently has a consensus rating of “Hold” and a consensus target price of $141.50.

Teradyne Trading Up 1.2 %

Shares of TER stock opened at $130.50 on Friday. The business’s 50 day moving average is $128.59 and its two-hundred day moving average is $129.80. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $163.21. The company has a market capitalization of $21.29 billion, a P/E ratio of 49.62, a price-to-earnings-growth ratio of 2.69 and a beta of 1.49.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The firm had revenue of $729.88 million for 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 company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share. As a group, equities analysts predict that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne’s payout ratio is currently 18.25%.

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.