State Board of Administration of Florida Retirement System Has $18.13 Million Stock Position in Teradyne, Inc. (NASDAQ:TER)

Posted by on May 8th, 2023

State Board of Administration of Florida Retirement System cut its holdings in Teradyne, Inc. (NASDAQ:TER – Get Rating) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 207,570 shares of the company’s stock after selling 3,480 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.13% of Teradyne worth $18,131,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TER. Ronald Blue Trust Inc. increased its position in shares of Teradyne by 264.2% in the fourth quarter. Ronald Blue Trust Inc. now owns 448 shares of the company’s stock worth $34,000 after purchasing an additional 325 shares during the period. CI Investments Inc. increased its holdings in Teradyne by 52.1% in the 3rd quarter. CI Investments Inc. now owns 537 shares of the company’s stock valued at $40,000 after buying an additional 184 shares during the period. Edge Capital Group LLC acquired a new position in shares of Teradyne in the 4th quarter valued at approximately $42,000. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Teradyne by 47.5% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 590 shares of the company’s stock worth $44,000 after acquiring an additional 190 shares during the period. Finally, Tobam acquired a new stake in shares of Teradyne during the 4th quarter worth approximately $45,000. 97.05% of the stock is owned by institutional investors.

Insider Activity

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TER shares. Loop Capital cut Teradyne from a “buy” rating to a “hold” rating and cut their target price for the stock from $110.00 to $102.00 in a research note on Friday, January 27th. Robert W. Baird decreased their target price on Teradyne from $115.00 to $104.00 in a research report on Friday, April 28th. Deutsche Bank Aktiengesellschaft lowered their target price on Teradyne from $95.00 to $90.00 in a research note on Friday, April 28th. Northland Securities decreased their price target on shares of Teradyne from $97.00 to $87.00 in a report on Friday, April 28th. Finally, Citigroup increased their price objective on shares of Teradyne from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Sunday, February 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Hold” and a consensus price target of $91.38.

Teradyne Stock Performance

Teradyne stock opened at $92.63 on Monday. The stock has a market capitalization of $14.45 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 4.43 and a beta of 1.54. Teradyne, Inc. has a 52-week low of $67.81 and a 52-week high of $112.06. The stock’s 50 day moving average price is $100.89 and its two-hundred day moving average price is $99.28.

Teradyne (NASDAQ:TER – Get Rating) last issued its earnings results on Wednesday, April 26th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.13. Teradyne had a net margin of 21.12% and a return on equity of 26.88%. The business had revenue of $617.53 million for the quarter, compared to analyst estimates of $603.03 million. During the same period in the prior year, the firm earned $0.98 earnings per share. Teradyne’s revenue was down 18.2% on a year-over-year basis. On average, equities research analysts forecast that Teradyne, Inc. will post 2.78 EPS for the current year.

About Teradyne

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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.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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