Maryland State Retirement & Pension System lifted its position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 7.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,816 shares of the company’s stock after acquiring an additional 516 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Teradyne were worth $703,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Teradyne by 2.5% during the first quarter. Vanguard Group Inc. now owns 20,922,231 shares of the company’s stock worth $1,728,176,000 after buying an additional 516,332 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Teradyne by 4.6% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,957,049 shares of the company’s stock valued at $244,252,000 after purchasing an additional 131,152 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Teradyne by 16.1% during the first quarter. Invesco Ltd. now owns 2,790,898 shares of the company’s stock valued at $230,528,000 after buying an additional 387,705 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Teradyne by 3.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,466,122 shares of the company’s stock valued at $203,726,000 after buying an additional 75,226 shares during the period. Finally, ARK Investment Management LLC lifted its stake in shares of Teradyne by 16.7% during the first quarter. ARK Investment Management LLC now owns 2,243,590 shares of the company’s stock valued at $185,321,000 after buying an additional 320,580 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.
Teradyne Price Performance
Shares of TER opened at $139.13 on Tuesday. The firm’s 50 day moving average is $122.07 and its 200-day moving average is $97.21. The stock has a market capitalization of $22.13 billion, a P/E ratio of 48.14, a P/E/G ratio of 2.78 and a beta of 1.82. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $150.71.
Teradyne Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 5th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Teradyne’s payout ratio is presently 16.61%.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Susquehanna upped their price target on shares of Teradyne from $133.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, September 22nd. Cantor Fitzgerald set a $105.00 price target on shares of Teradyne and gave the company an “overweight” rating in a report on Tuesday, June 24th. Morgan Stanley raised shares of Teradyne from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $74.00 to $100.00 in a report on Thursday, July 31st. The Goldman Sachs Group increased their price objective on shares of Teradyne from $85.00 to $130.00 and gave the company a “sell” rating in a research note on Thursday, October 9th. Finally, Stifel Nicolaus raised their price target on shares of Teradyne from $100.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $122.53.
Check Out Our Latest Stock Analysis on TER
Insider Buying and Selling
In related news, CEO Gregory Stephen Smith sold 554 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $126.39, for a total transaction of $70,020.06. Following the transaction, the chief executive officer directly owned 95,885 shares of the company’s stock, valued at approximately $12,118,905.15. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 2,216 shares of company stock worth $251,028 over the last quarter. Insiders own 0.16% of the company’s stock.
About Teradyne
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.
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