UniSuper Management Pty Ltd Purchases 9,388 Shares of Teradyne, Inc. (NASDAQ:TER)

UniSuper Management Pty Ltd grew its stake in Teradyne, Inc. (NASDAQ:TER) by 49.6% during the first quarter, HoldingsChannel.com reports. The firm owned 28,308 shares of the company’s stock after buying an additional 9,388 shares during the period. UniSuper Management Pty Ltd’s holdings in Teradyne were worth $3,194,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Raymond James Trust N.A. raised its stake in Teradyne by 24.4% during the 4th quarter. Raymond James Trust N.A. now owns 2,973 shares of the company’s stock worth $323,000 after buying an additional 584 shares during the period. CX Institutional acquired a new stake in Teradyne during the 4th quarter worth $378,000. HB Wealth Management LLC raised its stake in Teradyne by 13.7% during the 4th quarter. HB Wealth Management LLC now owns 2,441 shares of the company’s stock worth $265,000 after buying an additional 294 shares during the period. Raymond James & Associates raised its stake in Teradyne by 3.8% during the 4th quarter. Raymond James & Associates now owns 448,581 shares of the company’s stock worth $48,680,000 after buying an additional 16,595 shares during the period. Finally, CVA Family Office LLC acquired a new stake in Teradyne during the 4th quarter worth $33,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

Teradyne stock traded down $2.19 during midday trading on Tuesday, reaching $152.27. 1,308,375 shares of the company’s stock were exchanged, compared to its average volume of 2,006,220. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $163.21. The firm has a market cap of $23.77 billion, a price-to-earnings ratio of 57.90, a P/E/G ratio of 2.74 and a beta of 1.50. The stock’s 50-day simple moving average is $146.85 and its 200 day simple moving average is $120.91.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The business had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter last year, the company posted $0.55 earnings per share. Teradyne’s quarterly revenue was down 2.9% on a year-over-year basis. Research analysts forecast that Teradyne, Inc. will post 3.05 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Tuesday, May 21st. Teradyne’s payout ratio is currently 18.25%.

Insider Buying and Selling

In other news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total transaction of $89,900.00. Following the completion of the sale, the director now owns 18,393 shares in the company, valued at $2,645,649.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Richard John Burns sold 5,005 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the completion of the sale, the insider now owns 21,780 shares in the company, valued at $2,997,799.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total value of $89,900.00. Following the sale, the director now owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,005 shares of company stock worth $1,304,763. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TER. Northland Securities downgraded Teradyne from an “outperform” rating to a “market perform” rating and set a $136.00 price target on the stock. in a research note on Thursday, July 18th. The Goldman Sachs Group lifted their price target on Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Robert W. Baird lifted their price target on Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Northland Capmk downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Evercore ISI began coverage on Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $142.14.

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.