State of New Jersey Common Pension Fund D Has $7.47 Million Stock Position in Teradyne, Inc. (NASDAQ:TER)

State of New Jersey Common Pension Fund D boosted its stake in Teradyne, Inc. (NASDAQ:TER) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,794 shares of the company’s stock after acquiring an additional 1,036 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Teradyne were worth $7,472,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in Teradyne in the 2nd quarter valued at $27,000. Capital Performance Advisors LLP bought a new stake in Teradyne in the 3rd quarter valued at $29,000. Rothschild Investment LLC bought a new stake in Teradyne in the 2nd quarter valued at $33,000. Quarry LP lifted its position in Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its position in Teradyne by 76.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Price Performance

Teradyne stock opened at $108.81 on Tuesday. Teradyne, Inc. has a fifty-two week low of $85.75 and a fifty-two week high of $163.21. The firm has a market capitalization of $17.72 billion, a PE ratio of 34.54, a P/E/G ratio of 2.41 and a beta of 1.52. The company’s 50-day moving average is $123.83 and its 200-day moving average is $132.52.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. During the same quarter in the prior year, the business earned $0.80 EPS. Teradyne’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, analysts expect that Teradyne, Inc. will post 3.15 EPS for the current year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.44%. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Teradyne announced that its board has approved a share repurchase program on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 0.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Susquehanna boosted their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. Citigroup cut their price target on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. JPMorgan Chase & Co. boosted their price target on shares of Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Craig Hallum cut their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $142.62.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were 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 owns 83,816 shares of the company’s stock, valued at $10,896,080. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the sale, the chief financial officer now directly owns 35,834 shares in the company, valued at $4,768,072.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the 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 sale, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,352 shares of company stock valued at $1,899,353. Company insiders own 0.36% of the company’s stock.

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.