Oregon Public Employees Retirement Fund Buys 1,358 Shares of Teradyne, Inc. $TER

Oregon Public Employees Retirement Fund raised its stake in Teradyne, Inc. (NASDAQ:TER) by 7.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,309 shares of the company’s stock after acquiring an additional 1,358 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Teradyne were worth $9,342,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Teradyne during the 4th quarter worth $398,777,000. Wellington Management Group LLP raised its stake in Teradyne by 13,949.4% in the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after purchasing an additional 2,022,389 shares in the last quarter. Aspex Management HK Ltd acquired a new position in Teradyne in the fourth quarter valued at about $199,723,000. Corient Private Wealth LLC lifted its position in Teradyne by 2,189.2% during the fourth quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock worth $208,254,000 after purchasing an additional 1,028,916 shares during the period. Finally, Rafferty Asset Management LLC lifted its position in Teradyne by 65.4% during the second quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company’s stock worth $194,770,000 after purchasing an additional 856,540 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TER shares. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research note on Thursday, April 30th. Evercore reaffirmed an “outperform” rating and set a $420.00 price target on shares of Teradyne in a report on Thursday, July 30th. The Goldman Sachs Group reiterated a “buy” rating and set a $465.00 price target on shares of Teradyne in a research report on Tuesday, July 28th. Citigroup lifted their price objective on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $396.80.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the completion of the transaction, the chief executive officer owned 120,470 shares of the company’s stock, valued at $50,962,424.10. This represents a 3.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the transaction, the insider directly owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. The trade was a 6.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 5,664 shares of company stock valued at $2,273,133. 0.19% of the stock is owned by corporate insiders.

Teradyne Stock Up 1.9%

Teradyne stock opened at $410.52 on Friday. The stock has a market cap of $64.18 billion, a PE ratio of 56.31, a P/E/G ratio of 0.81 and a beta of 1.78. Teradyne, Inc. has a 12-month low of $106.30 and a 12-month high of $487.91. The business’s 50-day moving average price is $383.05 and its two-hundred day moving average price is $347.89.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. The business’s revenue for the quarter was up 103.9% compared to the same quarter last year. As a group, analysts expect that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.