Teradyne, Inc. (NASDAQ:TER) Shares Sold by South Dakota Investment Council

South Dakota Investment Council lessened its stake in Teradyne, Inc. (NASDAQ:TER) by 64.3% during the fourth quarter, Holdings Channel reports. The firm owned 2,000 shares of the company’s stock after selling 3,600 shares during the period. South Dakota Investment Council’s holdings in Teradyne were worth $217,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TER. Allspring Global Investments Holdings LLC increased its stake in Teradyne by 489.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,073,278 shares of the company’s stock worth $208,282,000 after buying an additional 1,721,306 shares during the period. Boston Partners increased its stake in Teradyne by 38.5% during the 3rd quarter. Boston Partners now owns 2,351,867 shares of the company’s stock worth $236,164,000 after buying an additional 654,181 shares during the period. Invesco Ltd. increased its stake in Teradyne by 24.4% during the 3rd quarter. Invesco Ltd. now owns 2,427,501 shares of the company’s stock worth $243,867,000 after buying an additional 476,763 shares during the period. FMR LLC increased its stake in Teradyne by 3.9% during the 3rd quarter. FMR LLC now owns 11,533,715 shares of the company’s stock worth $1,158,677,000 after buying an additional 437,054 shares during the period. Finally, Van ECK Associates Corp increased its stake in Teradyne by 13.9% during the 3rd quarter. Van ECK Associates Corp now owns 3,437,479 shares of the company’s stock worth $345,329,000 after buying an additional 419,838 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their target price 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. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a research report on Thursday. Finally, Evercore ISI initiated coverage on shares of Teradyne in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $113.73.

Insider Buying and Selling at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 8,653 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total transaction of $909,430.30. Following the completion of the transaction, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at approximately $3,277,018. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Ernest E. Maddock purchased 1,000 shares of Teradyne stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of $94.07 per share, with a total value of $94,070.00. Following the purchase, the director now owns 4,728 shares in the company, valued at approximately $444,762.96. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Sanjay Mehta sold 8,653 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total transaction of $909,430.30. Following the completion of the sale, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at $3,277,018. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.

Teradyne Stock Performance

NASDAQ TER opened at $108.91 on Friday. Teradyne, Inc. has a one year low of $81.07 and a one year high of $119.20. The company has a 50-day simple moving average of $105.38 and a 200-day simple moving average of $100.43. The firm has a market capitalization of $16.66 billion, a PE ratio of 41.41 and a beta of 1.56.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 19.06%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. Equities analysts forecast that Teradyne, Inc. will post 2.82 earnings per share for the current year.

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.