Public Employees Retirement System of Ohio Makes New $24.91 Million Investment in Teradyne, Inc. $TER

Public Employees Retirement System of Ohio acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 51,477 shares of the company’s stock, valued at approximately $24,907,000.

A number of other institutional investors have also recently bought and sold shares of TER. Integrated Wealth Concepts LLC increased its holdings in Teradyne by 12.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock valued at $342,000 after purchasing an additional 468 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Teradyne in the 1st quarter valued at $297,000. Cresset Asset Management LLC increased its position in shares of Teradyne by 11.6% in the 2nd quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock valued at $608,000 after buying an additional 702 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Teradyne by 467.1% in the 2nd quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock valued at $306,000 after buying an additional 2,807 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in Teradyne by 5.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock worth $6,755,000 after buying an additional 3,651 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TER shares. Wall Street Zen lowered Teradyne from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. The Goldman Sachs Group reissued a “buy” rating and set a $465.00 target price on shares of Teradyne in a research note on Tuesday, July 28th. Bank of America raised their target price on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, Susquehanna lifted their price target on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Stock Performance

NASDAQ:TER opened at $354.97 on Friday. The stock’s 50-day simple moving average is $380.37 and its 200 day simple moving average is $356.92. The company has a market cap of $55.50 billion, a P/E ratio of 48.69, a P/E/G ratio of 0.72 and a beta of 1.78. Teradyne, Inc. has a 52-week low of $109.56 and a 52-week high of $487.91.

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

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 4th. Teradyne’s dividend payout ratio is presently 7.13%.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. 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. Insiders own 0.19% of the company’s stock.

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.