Teradyne, Inc. (NASDAQ:TER) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its position in shares of Teradyne, Inc. (NASDAQ:TER) by 3.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,368 shares of the company’s stock after selling 396 shares during the quarter. Kentucky Retirement Systems’ holdings in Teradyne were worth $1,523,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Teradyne by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock valued at $2,078,462,000 after acquiring an additional 135,286 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Teradyne by 1.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock worth $682,597,000 after purchasing an additional 57,989 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Teradyne by 6.3% during the third quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock valued at $383,501,000 after purchasing an additional 183,721 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Teradyne by 18.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock worth $325,814,000 after purchasing an additional 374,522 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Teradyne by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company’s stock valued at $299,073,000 after buying an additional 47,157 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 1.5 %

TER stock opened at $104.15 on Tuesday. Teradyne, Inc. has a one year low of $90.24 and a one year high of $163.21. The firm has a 50-day moving average of $121.93 and a two-hundred day moving average of $132.16. The firm has a market capitalization of $16.96 billion, a PE ratio of 33.06, a P/E/G ratio of 2.22 and a beta of 1.52.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $716.40 million. During the same quarter in the prior year, the firm earned $0.80 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is 15.24%.

Teradyne announced that its board has initiated a share buyback plan on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to purchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Craig Hallum dropped 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. Stifel Nicolaus decreased their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Robert W. Baird dropped their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Citigroup decreased their target price on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Finally, 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $142.62.

Insider Buying and Selling

In related news, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the sale, the insider now owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. This trade represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the transaction, the director now owns 16,518 shares in the company, valued at $2,204,987.82. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,199 shares of company stock worth $1,080,634. 0.36% of the stock is owned by company insiders.

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.