New York State Common Retirement Fund Trims Stock Position in Teradyne, Inc. (NASDAQ:TER)

New York State Common Retirement Fund trimmed its stake in Teradyne, Inc. (NASDAQ:TER) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,416 shares of the company’s stock after selling 6,417 shares during the period. New York State Common Retirement Fund owned 0.05% of Teradyne worth $11,133,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in Teradyne in the third quarter worth $2,221,000. Van ECK Associates Corp boosted its holdings in shares of Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after buying an additional 1,846,079 shares in the last quarter. Cerity Partners LLC grew its position in shares of Teradyne by 87.1% in the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after buying an additional 5,294 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Teradyne by 17.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after acquiring an additional 11,541 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Teradyne by 30.5% during the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock valued at $11,878,000 after acquiring an additional 20,762 shares during the period. Institutional investors own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TER shares. JPMorgan Chase & Co. cut their price objective on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Morgan Stanley downgraded Teradyne from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $121.00 to $117.00 in a research note on Tuesday, January 21st. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. KeyCorp cut their target price on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Susquehanna raised their price target on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and a consensus price target of $143.77.

Teradyne Stock Down 2.0 %

Shares of TER stock opened at $113.58 on Tuesday. The firm has a market capitalization of $18.50 billion, a PE ratio of 34.11, a P/E/G ratio of 2.83 and a beta of 1.45. The company has a 50 day moving average price of $124.67 and a 200-day moving average price of $122.99. Teradyne, Inc. has a 52 week low of $95.80 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Teradyne declared that its board has authorized a share buyback plan on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Teradyne

In other news, VP Ryan Driscoll sold 437 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $44,574.00. Following the completion of the sale, the vice president now owns 4,312 shares of the company’s stock, valued at $439,824. The trade was a 9.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is owned by company insiders.

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.