Teacher Retirement System of Texas Lowers Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Posted by Defense World Staff on Jun 8th, 2023

Teacher Retirement System of Texas lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER – Get Rating) by 23.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,548 shares of the company’s stock after selling 5,439 shares during the quarter. Teacher Retirement System of Texas’ holdings in Teradyne were worth $1,533,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TER. Ronald Blue Trust Inc. grew 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 valued at $34,000 after purchasing an additional 325 shares during the period. Edge Capital Group LLC purchased a new stake in shares of Teradyne in the fourth quarter valued at $42,000. Tobam purchased a new stake in shares of Teradyne in the fourth quarter valued at $45,000. CI Investments Inc. grew its position in shares of Teradyne by 52.1% in the third quarter. CI Investments Inc. now owns 537 shares of the company’s stock valued at $40,000 after purchasing an additional 184 shares during the period. Finally, Allworth Financial LP grew its position in Teradyne by 33.0% during the fourth quarter. Allworth Financial LP now owns 540 shares of the company’s stock valued at $47,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 97.05% of the company’s stock.

Insider Buying and Selling at Teradyne

In related news, Director Mercedes Johnson sold 750 shares of the firm’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 value of $75,000.00. Following the sale, the director now 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 SEC, which is available at the SEC website. In related news, insider Richard John Burns sold 1,093 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $90.95, for a total value of $99,408.35. Following the sale, the insider now owns 17,168 shares of the company’s stock, valued at approximately $1,561,429.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mercedes Johnson sold 750 shares of the firm’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 value of $75,000.00. Following the completion of the sale, the director now directly owns 17,487 shares in the company, valued at approximately $1,748,700. The disclosure for this sale can be found here. Insiders have sold 2,593 shares of company stock worth $249,408 over the last quarter. 0.36% of the stock is owned by corporate insiders.

Teradyne Stock Up 1.1 %

Shares of NASDAQ TER opened at $104.22 on Thursday. The stock’s 50 day moving average price is $97.51 and its two-hundred day moving average price is $100.26. Teradyne, Inc. has a 52-week low of $67.81 and a 52-week high of $112.06. The stock has a market capitalization of $16.16 billion, a P/E ratio of 27.43, a PEG ratio of 4.97 and a beta of 1.53.

Teradyne (NASDAQ:TER – Get Rating) last announced its quarterly earnings data on Wednesday, April 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.13. Teradyne had a return on equity of 26.88% and a net margin of 21.12%. The firm had revenue of $617.53 million for the quarter, compared to analysts’ expectations of $603.03 million. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Teradyne’s revenue for the quarter was down 18.2% compared to the same quarter last year. On average, analysts anticipate that Teradyne, Inc. will post 2.76 EPS for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Wednesday, May 24th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Tuesday, May 23rd. Teradyne’s payout ratio is currently 11.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TER shares. StockNews.com started coverage on Teradyne in a research report on Thursday, May 18th. They set a “hold” rating for the company. JPMorgan Chase & Co. downgraded Teradyne from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $90.00 to $81.00 in a research report on Monday, April 17th. TheStreet downgraded Teradyne from a “b-” rating to a “c+” rating in a research report on Monday, May 8th. Deutsche Bank Aktiengesellschaft lowered their price target on Teradyne from $95.00 to $90.00 in a research report on Friday, April 28th. Finally, Robert W. Baird reduced their price objective on Teradyne from $115.00 to $104.00 in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $94.00.

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.