California Public Employees Retirement System Buys 646,648 Shares of Teradyne, Inc. $TER

California Public Employees Retirement System increased its stake in Teradyne, Inc. (NASDAQ:TER) by 161.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,047,826 shares of the company’s stock after acquiring an additional 646,648 shares during the period. California Public Employees Retirement System owned about 0.67% of Teradyne worth $144,223,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Teradyne by 2.1% during the third quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock worth $2,947,935,000 after purchasing an additional 444,940 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Teradyne by 6.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company’s stock valued at $723,600,000 after purchasing an additional 336,757 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Teradyne by 79.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after buying an additional 1,679,215 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Teradyne by 11.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock worth $490,134,000 after buying an additional 354,876 shares during the last quarter. Finally, Primecap Management Co. CA lifted its position in Teradyne by 58.6% in the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock worth $274,036,000 after buying an additional 1,125,868 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

NASDAQ:TER opened at $286.42 on Monday. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $344.92. The firm has a market cap of $44.84 billion, a PE ratio of 82.30, a price-to-earnings-growth ratio of 1.78 and a beta of 1.76. The business has a 50 day moving average price of $274.81 and a 200-day moving average price of $200.27.

Teradyne (NASDAQ:TER) last issued its earnings results on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.36 by $0.44. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $970.44 million. During the same period in the previous year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter was up 43.9% on a year-over-year basis. Research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were given a $0.12 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s payout ratio is presently 14.94%.

Analyst Ratings Changes

A number of brokerages have commented on TER. Stifel Nicolaus set a $325.00 price target on shares of Teradyne in a research report on Wednesday, February 4th. The Goldman Sachs Group upped their price objective on shares of Teradyne from $230.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Susquehanna reaffirmed a “positive” rating and set a $335.00 target price on shares of Teradyne in a report on Wednesday, February 4th. Vertical Research cut shares of Teradyne from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research report on Friday, January 9th. Finally, UBS Group boosted their price target on shares of Teradyne from $200.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.73.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.