New York State Common Retirement Fund Reduces Holdings in Teradyne, Inc. (NASDAQ:TER)

New York State Common Retirement Fund trimmed its stake in Teradyne, Inc. (NASDAQ:TER) by 9.7% in the 4th quarter, HoldingsChannel reports. The firm owned 159,235 shares of the company’s stock after selling 17,178 shares during the quarter. New York State Common Retirement Fund’s holdings in Teradyne were worth $17,280,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC lifted its position in shares of Teradyne by 3.9% in the 3rd quarter. FMR LLC now owns 11,533,715 shares of the company’s stock worth $1,158,677,000 after purchasing an additional 437,054 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Teradyne by 2.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company’s stock worth $445,254,000 after purchasing an additional 106,848 shares during the period. Van ECK Associates Corp lifted its position in Teradyne by 13.9% during the 3rd quarter. Van ECK Associates Corp now owns 3,437,479 shares of the company’s stock valued at $345,329,000 after acquiring an additional 419,838 shares during the period. Nordea Investment Management AB lifted its position in Teradyne by 4.6% during the 3rd quarter. Nordea Investment Management AB now owns 3,177,256 shares of the company’s stock valued at $321,062,000 after acquiring an additional 140,579 shares during the period. Finally, Invesco Ltd. lifted its position in Teradyne by 24.4% during the 3rd quarter. Invesco Ltd. now owns 2,427,501 shares of the company’s stock valued at $243,867,000 after acquiring an additional 476,763 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Performance

Shares of Teradyne stock opened at $114.13 on Monday. The stock has a market capitalization of $17.46 billion, a PE ratio of 43.40 and a beta of 1.56. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $119.20. The company has a 50-day simple moving average of $105.62 and a two-hundred day simple moving average of $100.55.

Teradyne (NASDAQ:TER) last announced 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 net margin of 16.15% and a return on equity of 18.88%. The firm had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. During the same period in the previous year, the business posted $0.55 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Teradyne, Inc. will post 2.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday. The Goldman Sachs Group lifted their price target on shares of Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a research report on Friday. Evercore ISI assumed coverage on shares of Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price target on shares of Teradyne in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Hold” and a consensus target price of $117.83.

Insider Transactions at Teradyne

In related news, Director Ernest E. Maddock purchased 1,000 shares of Teradyne stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the purchase, the director now directly owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the transaction, the director now owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard John Burns sold 1,744 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $104.89, for a total transaction of $182,928.16. Following the sale, the insider now owns 16,734 shares of the company’s stock, valued at $1,755,229.26. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

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.