State Board of Administration of Florida Retirement System Decreases Position in Teradyne, Inc. (NASDAQ:TER)

State Board of Administration of Florida Retirement System lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TERGet Rating) by 1.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 224,902 shares of the company’s stock after selling 3,023 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Teradyne were worth $26,590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TER. Norges Bank purchased a new stake in shares of Teradyne during the 4th quarter valued at $264,189,000. Maj Invest Holding A S raised its stake in Teradyne by 63,820.2% in the 1st quarter. Maj Invest Holding A S now owns 824,571 shares of the company’s stock worth $97,488,000 after acquiring an additional 823,281 shares during the last quarter. Victory Capital Management Inc. raised its stake in Teradyne by 385.7% in the 4th quarter. Victory Capital Management Inc. now owns 520,940 shares of the company’s stock worth $85,190,000 after acquiring an additional 413,694 shares during the last quarter. Ceredex Value Advisors LLC purchased a new position in Teradyne in the 4th quarter worth $60,159,000. Finally, Marshall Wace LLP raised its stake in Teradyne by 94.0% in the 4th quarter. Marshall Wace LLP now owns 590,141 shares of the company’s stock worth $96,505,000 after acquiring an additional 285,885 shares during the last quarter. Hedge funds and other institutional investors own 96.94% of the company’s stock.

Teradyne Price Performance

NASDAQ:TER opened at $100.75 on Friday. Teradyne, Inc. has a 52 week low of $82.97 and a 52 week high of $168.91. The company has a quick ratio of 2.48, a current ratio of 2.85 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $16.14 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 6.00 and a beta of 1.51. The stock’s 50-day moving average price is $96.74 and its 200-day moving average price is $108.40.

Teradyne (NASDAQ:TERGet Rating) last posted its earnings results on Tuesday, July 26th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.07. Teradyne had a return on equity of 36.06% and a net margin of 24.67%. During the same quarter in the previous year, the firm posted $1.91 EPS. As a group, equities analysts expect that Teradyne, Inc. will post 3.91 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Wednesday, May 25th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Tuesday, May 24th. Teradyne’s dividend payout ratio is presently 9.21%.

Insider Activity at Teradyne

In related news, insider Brad Robbins sold 3,145 shares of the firm’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $89.49, for a total value of $281,446.05. Following the transaction, the insider now directly owns 44,755 shares of the company’s stock, valued at approximately $4,005,124.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Brad Robbins sold 3,145 shares of the firm’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $89.49, for a total value of $281,446.05. Following the transaction, the insider now directly owns 44,755 shares of the company’s stock, valued at approximately $4,005,124.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark E. Jagiela sold 37,857 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $100.20, for a total transaction of $3,793,271.40. Following the completion of the transaction, the chief executive officer now directly owns 234,735 shares in the company, valued at $23,520,447. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TER has been the subject of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on Teradyne in a research note on Tuesday, July 5th. They issued a “neutral” rating and a $120.00 target price for the company. Morgan Stanley reduced their target price on Teradyne from $132.00 to $116.00 and set an “equal weight” rating for the company in a research note on Thursday, July 28th. Piper Sandler reduced their target price on Teradyne from $163.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, May 26th. Citigroup reduced their target price on Teradyne from $130.00 to $112.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Finally, Bank of America downgraded Teradyne from a “buy” rating to a “neutral” rating and cut their price target for the stock from $140.00 to $110.00 in a research report on Wednesday, June 29th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.55.

About Teradyne

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Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.

See Also

Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TERGet Rating).

Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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