New York State Teachers Retirement System Lowers Holdings in Teradyne, Inc. (NASDAQ:TER)

New York State Teachers Retirement System reduced its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,143 shares of the company’s stock after selling 2,707 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Teradyne worth $18,557,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TER. Mitchell & Pahl Private Wealth LLC boosted its holdings in Teradyne by 1.1% during the second quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock worth $1,074,000 after buying an additional 79 shares in the last quarter. Blair William & Co. IL grew its position 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 valued at $1,693,000 after acquiring an additional 83 shares during the period. Massmutual Trust Co. FSB ADV grew 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 acquiring an additional 96 shares during the period. Quent Capital LLC increased its stake in shares of Teradyne by 6.0% in the 2nd quarter. Quent Capital LLC now owns 1,868 shares of the company’s stock valued at $277,000 after purchasing an additional 105 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Teradyne by 4.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company’s stock worth $255,000 after purchasing an additional 107 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the sale, the director now owns 17,143 shares in the company, valued at approximately $2,207,504.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mercedes Johnson sold 625 shares of Teradyne 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 of the company’s stock, valued at approximately $2,207,504.11. The disclosure for this sale can be found here. Insiders sold a total of 7,403 shares of company stock valued at $989,099 over the last 90 days. 0.36% of the stock is owned by company insiders.

Teradyne Trading Up 4.5 %

TER stock traded up $5.94 during trading on Friday, reaching $137.14. 680,775 shares of the stock were exchanged, compared to its average volume of 2,052,259. The firm has a market capitalization of $21.41 billion, a price-to-earnings ratio of 52.03, a P/E/G ratio of 2.73 and a beta of 1.50. The business has a 50 day moving average price of $140.24 and a 200-day moving average price of $123.96. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER) last released 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. The firm had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 EPS. On average, research analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 5th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.35%. Teradyne’s dividend payout ratio (DPR) is currently 18.25%.

Analysts Set New Price Targets

A number of research firms have recently commented on TER. Evercore ISI cut Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. UBS Group upped their price objective on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Northland Capmk lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. raised their price target on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Finally, 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $141.50.

Teradyne Company 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.