Kentucky Retirement Systems Insurance Trust Fund Has $647,000 Stake in Teradyne, Inc. (NASDAQ:TER)

Kentucky Retirement Systems Insurance Trust Fund lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 4.1% during the third quarter, HoldingsChannel.com reports. The firm owned 4,831 shares of the company’s stock after selling 204 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Teradyne were worth $647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Coastline Trust Co bought a new stake in shares of Teradyne in the third quarter valued at approximately $46,000. Empirical Finance LLC raised its holdings in Teradyne by 3.2% in the 3rd quarter. Empirical Finance LLC now owns 4,929 shares of the company’s stock valued at $660,000 after acquiring an additional 153 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of Teradyne during the 3rd quarter valued at $806,000. CIBC Asset Management Inc grew its holdings in shares of Teradyne by 12.0% during the 3rd quarter. CIBC Asset Management Inc now owns 23,439 shares of the company’s stock worth $3,139,000 after purchasing an additional 2,505 shares in the last quarter. Finally, Lifeworks Advisors LLC bought a new position in shares of Teradyne in the third quarter worth $260,000. 99.77% of the stock is owned by institutional investors.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $104.15 on Tuesday. Teradyne, Inc. has a 1 year low of $90.24 and a 1 year high of $163.21. The business’s 50-day moving average is $121.93 and its 200-day moving average is $132.16. The company has a market capitalization of $16.96 billion, a price-to-earnings 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.12. The firm had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 earnings per share. Analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne announced that its Board of Directors has approved a share buyback program on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 0.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Teradyne Announces Dividend

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

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now owns 83,816 shares in the company, valued at approximately $10,896,080. This represents a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Richard John Burns sold 789 shares of the company’s 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. The trade was a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,199 shares of company stock worth $1,080,634 in the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TER. Citigroup reduced their price target on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Susquehanna lifted their target price on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Craig Hallum dropped their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Stifel Nicolaus decreased their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $142.62.

Teradyne Company 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.