Illinois Municipal Retirement Fund Has $17.87 Million Position in Teradyne, Inc. (NASDAQ:TER)

Illinois Municipal Retirement Fund boosted its position in Teradyne, Inc. (NASDAQ:TER) by 15.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 120,520 shares of the company’s stock after buying an additional 15,681 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Teradyne were worth $17,872,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of TER. Rothschild Investment LLC acquired a new stake in Teradyne in the 2nd quarter valued at $33,000. Tortoise Investment Management LLC grew its stake in Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. Bfsg LLC acquired a new stake in shares of Teradyne in the 1st quarter valued at approximately $34,000. American National Bank acquired a new stake in Teradyne in the fourth quarter valued at $37,000. Finally, Versant Capital Management Inc raised its holdings in shares of Teradyne by 3,800.0% in the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after purchasing an additional 342 shares during the period. Institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TER. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a report on Friday, August 16th. The Goldman Sachs Group lifted their target price on Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. UBS Group raised their price target on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Stifel Nicolaus lifted their price objective on shares of Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th. Finally, KeyCorp increased their price objective on shares of Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $141.50.

Insider Buying and Selling

In other news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the transaction, the director now directly owns 17,143 shares in the company, valued at $2,207,504.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the transaction, the director now owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. The disclosure for this sale can be found here. Insiders have sold a total of 7,403 shares of company stock worth $982,631 in the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Teradyne Stock Down 3.7 %

Shares of NASDAQ:TER traded down $4.65 during trading on Friday, hitting $121.45. 2,298,602 shares of the company were exchanged, compared to its average volume of 1,548,709. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $163.21. The company has a market capitalization of $19.82 billion, a P/E ratio of 46.18, a price-to-earnings-growth ratio of 2.60 and a beta of 1.49. The business’s 50 day moving average is $136.58 and its 200-day moving average is $126.32.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. During the same quarter in the previous year, the business earned $0.79 earnings per share. Teradyne’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 0.40%. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Teradyne Company 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.