Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,771 Shares of Teradyne, Inc. $TER

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in shares of Teradyne, Inc. (NASDAQ:TER) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,428 shares of the company’s stock after selling 1,771 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Teradyne were worth $7,051,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Teradyne by 2.1% during the third quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock valued at $2,947,935,000 after acquiring an additional 444,940 shares during the last quarter. State Street Corp raised its stake in shares of Teradyne by 0.3% during the third quarter. State Street Corp now owns 7,017,649 shares of the company’s stock valued at $965,909,000 after acquiring an additional 24,154 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Teradyne by 6.8% during the third quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company’s stock valued at $723,600,000 after acquiring an additional 336,757 shares during the last quarter. Invesco Ltd. raised its stake in shares of Teradyne by 3.5% during the third quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock valued at $407,322,000 after acquiring an additional 99,864 shares during the last quarter. Finally, Alkeon Capital Management LLC raised its stake in shares of Teradyne by 48.6% during the third quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock valued at $395,427,000 after acquiring an additional 940,000 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TER shares. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Northland Securities reaffirmed a “market perform” rating and set a $270.00 price objective on shares of Teradyne in a research note on Wednesday, February 4th. Citigroup upped their price objective on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

Teradyne Price Performance

Shares of NASDAQ TER opened at $392.62 on Wednesday. Teradyne, Inc. has a 1 year low of $78.41 and a 1 year high of $422.11. The company’s 50-day moving average is $349.70 and its 200 day moving average is $278.44. The stock has a market capitalization of $61.46 billion, a P/E ratio of 72.71, a P/E/G ratio of 1.52 and a beta of 1.79.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. Teradyne’s quarterly revenue was up 87.0% on a year-over-year basis. Research analysts anticipate that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be given a dividend of $0.13 per share. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, May 21st. Teradyne’s dividend payout ratio is presently 9.63%.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 8,597 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the transaction, the chief executive officer owned 124,470 shares in the company, valued at $42,192,840.60. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the sale, the insider owned 15,066 shares in the company, valued at approximately $5,203,344.42. This trade represents a 6.27% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 10,941 shares of company stock worth $3,751,992 over the last 90 days. 0.19% of the stock is owned by company insiders.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.