Arizona State Retirement System Raises Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Posted by Defense World Staff on May 8th, 2023

Arizona State Retirement System raised its position in shares of Teradyne, Inc. (NASDAQ:TER – Get Rating) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,379 shares of the company’s stock after acquiring an additional 392 shares during the period. Arizona State Retirement System’s holdings in Teradyne were worth $3,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Teradyne by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 18,128,206 shares of the company’s stock valued at $2,143,298,000 after purchasing an additional 154,445 shares during the last quarter. Pictet Asset Management SA increased its position in shares of Teradyne by 0.5% during the 3rd quarter. Pictet Asset Management SA now owns 3,089,146 shares of the company’s stock valued at $232,150,000 after purchasing an additional 14,720 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Teradyne by 0.5% during the 3rd quarter. Macquarie Group Ltd. now owns 2,019,113 shares of the company’s stock valued at $151,736,000 after purchasing an additional 10,789 shares during the last quarter. Invesco Ltd. increased its position in shares of Teradyne by 11.9% during the 1st quarter. Invesco Ltd. now owns 1,965,517 shares of the company’s stock valued at $232,383,000 after purchasing an additional 208,790 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Teradyne by 2.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,824,676 shares of the company’s stock valued at $159,385,000 after acquiring an additional 38,240 shares during the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on TER shares. Citigroup upped their price objective on Teradyne from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Sunday, February 5th. Deutsche Bank Aktiengesellschaft cut their price objective on Teradyne from $95.00 to $90.00 in a research report on Friday, April 28th. TheStreet raised Teradyne from a “c+” rating to a “b-” rating in a research report on Tuesday, January 24th. Morgan Stanley upped their price objective on Teradyne from $92.00 to $101.00 and gave the company an “equal weight” rating in a research report on Friday, January 27th. Finally, KeyCorp upped their price objective on Teradyne from $110.00 to $117.00 and gave the company an “overweight” rating in a research report on Friday, March 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Teradyne currently has an average rating of “Hold” and an average target price of $91.38.

Teradyne Stock Up 2.9 %

TER stock opened at $92.63 on Monday. Teradyne, Inc. has a 52-week low of $67.81 and a 52-week high of $112.06. The business has a fifty day moving average of $100.89 and a two-hundred day moving average of $99.28. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 4.43 and a beta of 1.54.

Teradyne (NASDAQ:TER – Get Rating) last issued its quarterly earnings data on Wednesday, April 26th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.13. Teradyne had a return on equity of 26.88% and a net margin of 21.12%. The business had revenue of $617.53 million during the quarter, compared to analysts’ expectations of $603.03 million. During the same period in the previous year, the firm posted $0.98 earnings per share. The company’s revenue was down 18.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 2.78 EPS for the current year.

Insiders Place Their Bets

In other Teradyne news, Director Mercedes Johnson sold 750 shares of Teradyne stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $100.00, for a total transaction of $75,000.00. Following the completion of the sale, the director now directly owns 17,487 shares of the company’s stock, valued at approximately $1,748,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is owned by company insiders.

Teradyne Company Profile

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Teradyne, Inc engages in the development and sale of automatic test systems. It operates through the following business segments: Semiconductor Test, System Test, Robotics, Wireless Test, and Corporate. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.