Kentucky Retirement Systems Decreases Holdings in Teradyne, Inc. (NASDAQ:TER)

Kentucky Retirement Systems reduced its stake in Teradyne, Inc. (NASDAQ:TER) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,213 shares of the company’s stock after selling 155 shares during the period. Kentucky Retirement Systems’ holdings in Teradyne were worth $1,412,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TER. Van ECK Associates Corp increased its stake in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after purchasing an additional 1,846,079 shares during the period. Assenagon Asset Management S.A. increased its stake in Teradyne by 1,767.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock worth $116,233,000 after purchasing an additional 873,626 shares during the period. Alkeon Capital Management LLC increased its stake in Teradyne by 189.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock worth $153,218,000 after purchasing an additional 749,003 shares during the period. Holocene Advisors LP purchased a new position in Teradyne in the 3rd quarter worth approximately $91,129,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Teradyne by 16.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock worth $355,837,000 after purchasing an additional 393,175 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $154,302.16. Following the completion of the transaction, the chief financial officer now owns 36,576 shares in the company, valued at approximately $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’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 owns 74,660 shares of the company’s stock, valued at $9,705,800. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is owned by insiders.

Teradyne Stock Down 2.2 %

NASDAQ TER opened at $115.91 on Monday. Teradyne, Inc. has a twelve month low of $95.80 and a twelve month high of $163.21. The firm has a market capitalization of $18.88 billion, a PE ratio of 34.81, a P/E/G ratio of 2.83 and a beta of 1.45. The stock’s 50 day moving average is $124.99 and its 200 day moving average is $123.05.

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

Teradyne declared that its board has authorized a stock buyback program on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Friday, February 14th. Teradyne’s payout ratio is 14.41%.

Analyst Ratings Changes

TER has been the topic of a number of recent analyst reports. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a research report on Thursday, January 30th. Northland Securities cut their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Susquehanna lifted their price objective on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley lowered Teradyne from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. 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 assigned a strong buy rating to the company. According to MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and a consensus price target of $143.77.

About Teradyne

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.