Louisiana State Employees Retirement System Takes $998,000 Position in Teradyne, Inc. (NASDAQ:TER)

Louisiana State Employees Retirement System acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,200 shares of the company’s stock, valued at approximately $998,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TER. Cornerstone Planning Group LLC bought a new stake in shares of Teradyne during the third quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Teradyne in the third quarter worth $27,000. CVA Family Office LLC bought a new stake in Teradyne in the fourth quarter worth $33,000. Venturi Wealth Management LLC bought a new stake in Teradyne in the third quarter worth $36,000. Finally, NBC Securities Inc. bought a new stake in Teradyne in the third quarter worth $37,000. Institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TER. JPMorgan Chase & Co. boosted their price target on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a research report on Monday, March 4th. Finally, Evercore ISI began coverage on shares of Teradyne in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $113.73.

Teradyne Stock Up 0.9 %

TER stock opened at $100.70 on Thursday. The stock has a market capitalization of $15.40 billion, a price-to-earnings ratio of 36.89 and a beta of 1.56. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $119.20. The firm’s fifty day simple moving average is $105.25 and its two-hundred day simple moving average is $100.37.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The firm had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 earnings per share. As a group, equities research analysts expect that Teradyne, Inc. will post 2.82 EPS for the current year.

Insider Activity

In related news, CFO Sanjay Mehta sold 8,653 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total value of $909,430.30. Following the completion of the sale, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at $3,277,018. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Sanjay Mehta sold 8,653 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total value of $909,430.30. Following the completion of the sale, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at $3,277,018. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard John Burns sold 1,744 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $104.89, for a total transaction of $182,928.16. Following the completion of the sale, the insider now directly owns 16,734 shares of the company’s stock, valued at $1,755,229.26. The disclosure for this sale can be found here. Insiders own 0.18% 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.