Teradyne, Inc. (NASDAQ:TER) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in Teradyne, Inc. (NASDAQ:TER) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,794 shares of the company’s stock after purchasing an additional 1,036 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Teradyne were worth $7,472,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Teradyne in the second quarter valued at $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Teradyne in the third quarter valued at $29,000. Rothschild Investment LLC purchased a new stake in shares of Teradyne in the second quarter valued at $33,000. Quarry LP lifted its holdings in shares of Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after purchasing an additional 169 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in shares of 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. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

NASDAQ TER opened at $108.81 on Tuesday. The firm has a 50-day simple moving average of $123.83 and a 200 day simple moving average of $132.52. Teradyne, Inc. has a twelve month low of $85.75 and a twelve month high of $163.21. The stock has a market cap of $17.72 billion, a PE ratio of 34.54, a PEG ratio of 2.41 and a beta of 1.52.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. During the same quarter last year, the company earned $0.80 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Research analysts forecast that Teradyne, Inc. will post 3.15 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. Teradyne’s payout ratio is presently 15.24%.

Teradyne declared that its board has initiated a share repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of research analyst reports. Northland Securities reduced their target price on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a report on Friday, October 25th. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a report on Friday, August 16th. Craig Hallum lowered their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Evercore ISI increased their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus lowered their target price on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $142.62.

Insider Activity at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $83,000.00. Following the completion of the transaction, the director now owns 15,893 shares in the company, valued at $2,110,590.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the transaction, the insider now owns 21,864 shares in the company, valued at approximately $2,903,539.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $83,000.00. Following the completion of the transaction, the director now owns 15,893 shares of the company’s stock, valued at $2,110,590.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,352 shares of company stock worth $1,899,353. Company insiders own 0.36% of the company’s stock.

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.