Teradyne, Inc. (NASDAQ:TER) Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System boosted its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 87.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 498,614 shares of the company's stock after acquiring an additional 232,730 shares during the period. California Public Employees Retirement System owned about 0.31% of Teradyne worth $62,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Thrivent Financial for Lutherans raised its position in shares of Teradyne by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company's stock worth $858,000 after acquiring an additional 104 shares in the last quarter. Cerity Partners LLC grew its stake in Teradyne by 87.1% in the third quarter. Cerity Partners LLC now owns 11,371 shares of the company's stock valued at $1,523,000 after purchasing an additional 5,294 shares during the last quarter. Quantbot Technologies LP bought a new position in Teradyne in the third quarter worth about $194,000. Townsquare Capital LLC purchased a new stake in shares of Teradyne during the third quarter valued at about $312,000. Finally, Glenmede Trust Co. NA boosted its holdings in shares of Teradyne by 24.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,998 shares of the company's stock valued at $268,000 after buying an additional 393 shares in the last quarter. Institutional investors own 99.77% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TER. Stifel Nicolaus reduced their price objective on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research note on Wednesday, March 12th. TD Cowen reduced their price target on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Cantor Fitzgerald lowered their price objective on Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Northland Capmk raised Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Finally, Citigroup lowered their price target on Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $121.44.

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Teradyne Trading Down 10.2 %

NASDAQ TER traded down $8.53 on Thursday, hitting $75.09. 5,071,812 shares of the company's stock traded hands, compared to its average volume of 2,417,330. The firm has a market capitalization of $12.14 billion, a PE ratio of 22.55, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 1-year low of $74.39 and a 1-year high of $163.21. The firm's 50-day moving average price is $103.64 and its two-hundred day moving average price is $116.15.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results 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 net margin of 19.23% and a return on equity of 19.08%. On average, research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's dividend payout ratio (DPR) is 14.41%.

Insider Activity at Teradyne

In other news, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39. Following the sale, the chief financial officer now directly owns 33,308 shares of the company's stock, valued at $4,013,947.08. This represents a 5.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The shares were 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 approximately $9,705,800. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is owned by corporate insiders.

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.