National Pension Service Makes New $47.31 Million Investment in Teradyne, Inc. $TER

National Pension Service acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 244,400 shares of the company’s stock, valued at approximately $47,306,000.

Several other large investors also recently bought and sold shares of TER. Davidson Capital Management Inc. purchased a new stake in Teradyne during the 3rd quarter worth approximately $31,000. CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne during the 2nd quarter worth approximately $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Teradyne during the 4th quarter worth approximately $37,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Teradyne during the 3rd quarter worth approximately $41,000. Finally, True Wealth Design LLC boosted its holdings in shares of Teradyne by 49.6% during the 4th quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $41,000 after purchasing an additional 70 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Teradyne news, VP Ryan Driscoll sold 680 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the transaction, the vice president directly owned 7,665 shares in the company, valued at $2,894,304. This represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the transaction, the insider owned 15,066 shares in the company, valued at $5,203,344.42. This trade represents a 6.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 10,941 shares of company stock worth $3,751,992 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Teradyne Stock Performance

TER opened at $374.31 on Monday. Teradyne, Inc. has a one year low of $77.02 and a one year high of $422.11. The stock has a market capitalization of $58.59 billion, a PE ratio of 69.32, a P/E/G ratio of 1.54 and a beta of 1.79. The business’s 50 day moving average price is $348.35 and its 200 day moving average price is $277.09.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The firm’s quarterly revenue was up 87.0% on a year-over-year basis. As a group, equities research analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, May 21st. Teradyne’s payout ratio is currently 9.63%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TER. Stifel Nicolaus boosted their target price on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. The Goldman Sachs Group boosted their target price on Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Cantor Fitzgerald boosted their target price on Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Morgan Stanley set a $387.00 target price on Teradyne in a report on Thursday, April 30th. Finally, Northland Securities restated a “market perform” rating and set a $270.00 target price on shares of Teradyne in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average price target of $339.80.

About Teradyne

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.