Strs Ohio Has $1.04 Million Stock Position in Teradyne, Inc. (NASDAQ:TER)

Strs Ohio trimmed its position in Teradyne, Inc. (NASDAQ:TER) by 27.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,575 shares of the company’s stock after selling 3,565 shares during the period. Strs Ohio’s holdings in Teradyne were worth $1,039,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TER. Cornerstone Planning Group LLC acquired a new stake in Teradyne in the third quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Teradyne during the 3rd quarter worth about $27,000. CVA Family Office LLC acquired a new position in shares of Teradyne during the 4th quarter worth about $33,000. Venturi Wealth Management LLC acquired a new position in shares of Teradyne during the 3rd quarter worth about $36,000. Finally, NBC Securities Inc. acquired a new position in shares of Teradyne during the 3rd quarter worth about $37,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Performance

NASDAQ TER opened at $99.85 on Wednesday. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 36.58 and a beta of 1.56. The stock’s 50 day moving average price is $105.27 and its two-hundred day moving average price is $100.37. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $119.20.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The company had revenue of $670.60 million for the quarter, compared to analysts’ expectations of $674.99 million. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s revenue was down 8.4% compared to the same quarter last year. On average, equities research analysts forecast that Teradyne, Inc. will post 2.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TER shares. JPMorgan Chase & Co. boosted their target price on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a report on Monday, March 4th. Finally, Evercore ISI initiated coverage on Teradyne in a report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $113.73.

Insider Transactions at Teradyne

In related news, insider Richard John Burns sold 317 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $112.68, for a total transaction of $35,719.56. Following the transaction, the insider now directly owns 20,300 shares of the company’s stock, valued at approximately $2,287,404. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Sanjay Mehta sold 8,653 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total transaction of $909,430.30. Following the transaction, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at approximately $3,277,018. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard John Burns sold 317 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $112.68, for a total value of $35,719.56. Following the transaction, the insider now directly owns 20,300 shares in the company, valued at $2,287,404. The disclosure for this sale can be found here. Insiders have sold a total of 11,797 shares of company stock worth $1,248,237 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

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.