Oregon Public Employees Retirement Fund Acquires 1,358 Shares of Teradyne, Inc. $TER

Oregon Public Employees Retirement Fund lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 7.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,309 shares of the company’s stock after purchasing an additional 1,358 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Teradyne were worth $9,342,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of TER. Norges Bank acquired a new position in Teradyne during the 4th quarter worth about $398,777,000. Wellington Management Group LLP raised its position in shares of Teradyne by 13,949.4% during the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock worth $280,357,000 after acquiring an additional 2,022,389 shares during the last quarter. Aspex Management HK Ltd acquired a new position in shares of Teradyne in the fourth quarter worth approximately $199,723,000. Corient Private Wealth LLC boosted its holdings in Teradyne by 2,189.2% in the fourth quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock valued at $208,254,000 after acquiring an additional 1,028,916 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its position in Teradyne by 65.4% during the 2nd quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company’s stock valued at $194,770,000 after purchasing an additional 856,540 shares during the period. Institutional investors own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TER. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Evercore restated an “outperform” rating and issued a $420.00 target price on shares of Teradyne in a report on Thursday, July 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $550.00 price target on shares of Teradyne in a report on Wednesday, July 29th. Morgan Stanley lifted their price objective on Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Finally, Stifel Nicolaus upped their target price on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne Stock Up 1.9%

Shares of NASDAQ TER opened at $410.52 on Friday. The firm has a market cap of $64.18 billion, a PE ratio of 56.31, a P/E/G ratio of 0.81 and a beta of 1.78. Teradyne, Inc. has a 12-month low of $106.30 and a 12-month high of $487.91. The company’s fifty day simple moving average is $383.05 and its 200 day simple moving average is $347.89.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue was up 103.9% compared to the same quarter last year. On average, equities analysts predict that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the transaction, the chief executive officer directly owned 120,470 shares of the company’s stock, valued at approximately $50,962,424.10. This represents a 3.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total value of $232,880.00. Following the completion of the transaction, the insider owned 15,722 shares in the company, valued at approximately $5,581,310. The trade was a 4.01% decrease in their position. 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 sold a total of 5,664 shares of company stock valued at $2,273,133 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

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.