Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.01 Million Position in Teradyne, Inc. (NASDAQ:TER)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,039 shares of the company’s stock after acquiring an additional 635 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Teradyne were worth $3,010,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. IFP Advisors Inc grew its holdings in shares of Teradyne by 20.6% during the second quarter. IFP Advisors Inc now owns 3,063 shares of the company’s stock worth $44,000 after purchasing an additional 523 shares during the last quarter. Focused Wealth Management Inc bought a new stake in shares of Teradyne during the second quarter worth $45,000. Tobam bought a new stake in shares of Teradyne during the second quarter worth $72,000. Brown Brothers Harriman & Co. boosted its holdings in Teradyne by 231.6% in the first quarter. Brown Brothers Harriman & Co. now owns 620 shares of the company’s stock valued at $73,000 after acquiring an additional 433 shares during the last quarter. Finally, Money Concepts Capital Corp boosted its holdings in Teradyne by 2,285.7% in the fourth quarter. Money Concepts Capital Corp now owns 835 shares of the company’s stock valued at $73,000 after acquiring an additional 800 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Teradyne

In related news, insider Brad Robbins sold 2,170 shares of Teradyne stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $100.00, for a total value of $217,000.00. Following the sale, the insider now owns 51,579 shares of the company’s stock, valued at approximately $5,157,900. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on TER shares. TheStreet cut Teradyne from a “b-” rating to a “c+” rating in a report on Tuesday, October 24th. Craig Hallum decreased their price target on Teradyne from $131.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, October 27th. StockNews.com started coverage on Teradyne in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Evercore ISI decreased their price target on Teradyne from $120.00 to $110.00 in a report on Thursday, October 5th. Finally, Bank of America reduced their target price on Teradyne from $125.00 to $110.00 in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $109.45.

Teradyne Price Performance

NASDAQ TER opened at $92.09 on Monday. The firm has a market cap of $14.08 billion, a P/E ratio of 30.19, a P/E/G ratio of 5.30 and a beta of 1.57. The stock’s 50-day moving average is $93.43 and its 200-day moving average is $101.12. Teradyne, Inc. has a one year low of $81.07 and a one year high of $119.20.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.08. The company had revenue of $703.73 million for the quarter, compared to analyst estimates of $684.36 million. Teradyne had a return on equity of 20.56% and a net margin of 18.41%. Equities analysts anticipate that Teradyne, Inc. will post 2.86 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Monday, November 27th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Friday, November 24th. Teradyne’s dividend payout ratio is currently 14.43%.

About Teradyne

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.