Teradyne, Inc. (NASDAQ:TER) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in Teradyne, Inc. (NASDAQ:TER) by 0.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 124,156 shares of the company’s stock after selling 938 shares during the period. New York State Teachers Retirement System’s holdings in Teradyne were worth $15,634,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. State Street Corp raised its position in Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after purchasing an additional 350,002 shares during the last quarter. Van ECK Associates Corp boosted its stake in Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after purchasing an additional 1,846,079 shares during the period. Geode Capital Management LLC boosted its stake in Teradyne by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after purchasing an additional 209,868 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Teradyne by 16.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock worth $355,837,000 after purchasing an additional 393,175 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Teradyne by 7.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company’s stock worth $302,582,000 after purchasing an additional 157,838 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

TER has been the subject of a number of recent research reports. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Robert W. Baird decreased their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. KeyCorp reduced their target price on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. UBS Group reduced their target price on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.77.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The shares were 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 directly owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the sale, the chief financial officer now owns 33,308 shares of the company’s stock, valued at approximately $4,013,947.08. This trade represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is owned by corporate insiders.

Teradyne Stock Up 0.4 %

Shares of NASDAQ TER opened at $113.25 on Monday. Teradyne, Inc. has a 52 week low of $95.80 and a 52 week high of $163.21. The firm has a 50-day moving average price of $125.44 and a 200 day moving average price of $123.12. The stock has a market capitalization of $18.44 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 2.70 and a beta of 1.45.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Equities research analysts expect that Teradyne, Inc. will post 3.91 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.42%. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

Teradyne announced that its Board of Directors has approved a share repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Teradyne 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.