Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Position in Teradyne, Inc. $TER

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in Teradyne, Inc. (NASDAQ:TER) by 4.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 36,428 shares of the company’s stock after selling 1,771 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Teradyne were worth $7,051,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Davidson Capital Management Inc. purchased a new stake in Teradyne in the third quarter worth about $31,000. CYBER HORNET ETFs LLC purchased a new stake in Teradyne in the second quarter worth about $35,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Teradyne in the fourth quarter worth about $37,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Teradyne in the third quarter worth about $41,000. Finally, True Wealth Design LLC grew its holdings in Teradyne by 49.6% in the fourth 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 period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $392.62 on Wednesday. The firm’s 50 day moving average price is $349.70 and its 200-day moving average price is $278.44. The company has a market cap of $61.46 billion, a PE ratio of 72.71, a P/E/G ratio of 1.52 and a beta of 1.79. Teradyne, Inc. has a 52-week low of $78.41 and a 52-week high of $422.11.

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

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be given 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%.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 8,597 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the transaction, the chief executive officer owned 124,470 shares in the company, valued at $42,192,840.60. This represents a 6.46% decrease in their ownership of the stock. The sale 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, VP Ryan Driscoll sold 680 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the transaction, the vice president owned 7,665 shares in the company, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 10,941 shares of company stock worth $3,751,992 over the last quarter. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TER. Evercore set a $370.00 target price on shares of Teradyne in a research note on Thursday, April 30th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. UBS Group upped their target price on shares of Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Robert W. Baird set a $350.00 target price on shares of Teradyne in a research note on Thursday, April 30th. Finally, Citigroup upped their target price on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.