California Public Employees Retirement System Grows Holdings in Teradyne, Inc. (NASDAQ:TER)

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

A number of other institutional investors also recently added to or reduced their stakes in TER. Van ECK Associates Corp boosted its position 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 worth $620,552,000 after acquiring an additional 1,846,079 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Teradyne during the fourth quarter worth approximately $12,118,000. Cerity Partners LLC boosted its holdings 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 in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Teradyne by 17.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company's stock valued at $10,325,000 after purchasing an additional 11,541 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in Teradyne by 30.5% during the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock worth $11,878,000 after purchasing an additional 20,762 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Stock Performance

Teradyne stock traded down $6.37 during trading hours on Friday, reaching $68.72. 6,747,027 shares of the stock were exchanged, compared to its average volume of 2,439,510. Teradyne, Inc. has a 52-week low of $67.12 and a 52-week high of $163.21. The stock has a market cap of $11.05 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.83 and a beta of 1.65. The firm's 50 day moving average is $102.41 and its 200 day moving average is $115.55.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Equities research analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Friday, February 14th. Teradyne's dividend payout ratio (DPR) is currently 14.41%.

Insider Transactions at Teradyne

In other Teradyne news, insider Richard John Burns sold 445 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the transaction, the insider now directly owns 25,191 shares in the company, valued at approximately $2,808,544.59. This trade represents a 1.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sanjay Mehta sold 1,384 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the completion of the sale, the chief financial officer now directly owns 36,576 shares in the company, valued at $4,077,858.24. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,399 shares of company stock valued at $612,734 in the last ninety days. 0.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Northland Capmk upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Northland Securities decreased their price objective on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Robert W. Baird cut their target price on Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Citigroup decreased their target price on Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Finally, Susquehanna cut their price target on Teradyne from $165.00 to $155.00 and set a "positive" rating on the stock in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $121.44.

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.