Teradyne, Inc. $TER Shares Acquired by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey lifted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 8.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,453 shares of the company’s stock after purchasing an additional 1,849 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Teradyne were worth $2,199,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TER. Vanguard Group Inc. grew its stake in Teradyne by 2.5% during the first quarter. Vanguard Group Inc. now owns 20,922,231 shares of the company’s stock worth $1,728,176,000 after buying an additional 516,332 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Teradyne by 26.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,118,297 shares of the company’s stock valued at $286,634,000 after acquiring an additional 652,175 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Teradyne by 16.1% during the 1st quarter. Invesco Ltd. now owns 2,790,898 shares of the company’s stock valued at $230,528,000 after acquiring an additional 387,705 shares in the last quarter. ARK Investment Management LLC boosted its position in Teradyne by 16.7% during the 1st quarter. ARK Investment Management LLC now owns 2,243,590 shares of the company’s stock worth $185,321,000 after purchasing an additional 320,580 shares during the period. Finally, Federated Hermes Inc. increased its holdings in Teradyne by 188.8% in the 1st quarter. Federated Hermes Inc. now owns 2,105,852 shares of the company’s stock valued at $173,943,000 after purchasing an additional 1,376,631 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

TER has been the topic of several research reports. Cowen reissued a “buy” rating on shares of Teradyne in a research report on Wednesday, July 30th. Industrial Alliance Securities set a $175.00 target price on Teradyne in a report on Tuesday, October 28th. Susquehanna restated a “positive” rating and issued a $215.00 price target on shares of Teradyne in a report on Thursday, October 30th. UBS Group increased their price objective on shares of Teradyne from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 target price on shares of Teradyne in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $171.25.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $180.20, for a total value of $199,661.60. Following the completion of the transaction, the chief executive officer owned 94,517 shares of the company’s stock, valued at $17,031,963.40. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders sold 3,324 shares of company stock worth $494,318 in the last quarter. Company insiders own 0.16% of the company’s stock.

Teradyne Trading Up 2.8%

Shares of NASDAQ:TER opened at $168.23 on Thursday. The firm has a market cap of $26.35 billion, a PE ratio of 61.17, a price-to-earnings-growth ratio of 3.64 and a beta of 1.90. The company has a fifty day simple moving average of $148.32 and a 200 day simple moving average of $113.79. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $191.56.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The firm had revenue of $769.21 million for the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. As a group, equities research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, November 24th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, November 24th. Teradyne’s dividend payout ratio is currently 17.45%.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.