VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Shares in Teradyne, Inc. $TER

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,740 shares of the company’s stock, valued at approximately $1,326,000.

Other large investors have also recently bought and sold shares of the company. California State Teachers Retirement System increased its position in shares of Teradyne by 46,425.7% during the 2nd quarter. California State Teachers Retirement System now owns 115,598,569 shares of the company’s stock worth $55,931,212,000 after purchasing an additional 115,350,107 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Teradyne in the 2nd quarter valued at approximately $9,404,408,000. Andar Capital Management HK Ltd acquired a new stake in shares of Teradyne in the 2nd quarter valued at approximately $37,800,000. State Street Corp grew its stake in shares of Teradyne by 0.9% in the fourth quarter. State Street Corp now owns 7,078,635 shares of the company’s stock valued at $1,370,141,000 after buying an additional 60,986 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Teradyne by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock valued at $442,413,000 after buying an additional 143,058 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Gregory Smith sold 4,000 shares of Teradyne stock in a transaction on Monday, August 17th. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the chief executive officer owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of recent analyst reports. Robert W. Baird reiterated a “neutral” rating and issued a $420.00 price target on shares of Teradyne in a research note on Friday, August 21st. Bank of America boosted their price objective on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Morgan Stanley raised their target price on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Weiss Ratings cut Teradyne from a “buy (b)” rating to a “hold (c+)” rating in a report on Thursday, September 3rd. Finally, Wall Street Zen downgraded Teradyne from a “buy” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Stock Up 2.6%

Shares of NASDAQ:TER opened at $379.72 on Friday. Teradyne, Inc. has a 12-month low of $109.56 and a 12-month high of $487.91. The business has a 50 day moving average of $365.59 and a 200-day moving average of $360.05. The stock has a market cap of $59.37 billion, a PE ratio of 52.09, a P/E/G ratio of 0.77 and a beta of 1.78.

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

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, September 4th. This represents a $0.52 annualized dividend and a yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is presently 7.13%.

Teradyne Company Profile

Teradyne, Inc (NASDAQ: TER) develops and supplies automated test equipment and industrial automation solutions. Its testing products are used by semiconductor, electronics, wireless, storage and other manufacturers to evaluate the performance and quality of components, devices and systems during production.

The company’s semiconductor test business provides systems for testing logic, memory, analog and mixed-signal devices, along with related handlers and software. Teradyne also offers system and product test solutions for electronic equipment and wireless devices.