Teradyne, Inc. (NASDAQ:TER) Position Cut by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its position in Teradyne, Inc. (NASDAQ:TER) by 3.2% during the fourth quarter, Holdings Channel reports. The fund owned 33,693 shares of the company’s stock after selling 1,130 shares during the quarter. Retirement Systems of Alabama’s holdings in Teradyne were worth $3,656,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Lathrop Investment Management Corp grew its stake in shares of Teradyne by 0.7% in the fourth quarter. Lathrop Investment Management Corp now owns 103,858 shares of the company’s stock worth $11,271,000 after purchasing an additional 671 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Teradyne by 5.8% in the fourth quarter. Russell Investments Group Ltd. now owns 559,751 shares of the company’s stock valued at $60,818,000 after acquiring an additional 30,845 shares in the last quarter. Semanteon Capital Management LP bought a new position in shares of Teradyne in the fourth quarter valued at approximately $1,261,000. Atria Wealth Solutions Inc. raised its holdings in Teradyne by 87.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 5,071 shares of the company’s stock worth $550,000 after purchasing an additional 2,361 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Teradyne in the fourth quarter worth approximately $129,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Price Performance

Shares of TER opened at $121.09 on Wednesday. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of 46.04 and a beta of 1.50. The business’s 50-day moving average is $107.65 and its 200-day moving average is $101.48. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $123.65.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (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 company had revenue of $599.82 million during the quarter, compared to the consensus estimate of $566.31 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. Equities research analysts expect that Teradyne, Inc. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Evercore ISI initiated coverage on shares of Teradyne in a report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 target price on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 target price on shares of Teradyne in a report on Thursday, April 25th. Susquehanna upped their price target on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. raised their price objective on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. One research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $117.83.

Insider Activity

In other news, CFO Sanjay Mehta sold 3,750 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the sale, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.

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.