Illinois Municipal Retirement Fund Boosts Stake in Teradyne, Inc. (NASDAQ:TER)

Illinois Municipal Retirement Fund boosted its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,420 shares of the company's stock after acquiring an additional 3,810 shares during the period. Illinois Municipal Retirement Fund owned 0.07% of Teradyne worth $14,534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Artemis Wealth Advisors LLC purchased a new stake in Teradyne during the fourth quarter valued at approximately $1,259,000. Bank of New York Mellon Corp raised its holdings in shares of Teradyne by 13.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,482,750 shares of the company's stock worth $186,708,000 after buying an additional 176,043 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of Teradyne by 21.1% in the fourth quarter. Crestwood Advisors Group LLC now owns 2,026 shares of the company's stock worth $255,000 after buying an additional 353 shares during the last quarter. TCW Group Inc. purchased a new position in shares of Teradyne in the fourth quarter worth $1,348,000. Finally, Allianz Asset Management GmbH raised its holdings in shares of Teradyne by 2.6% in the fourth quarter. Allianz Asset Management GmbH now owns 323,486 shares of the company's stock worth $40,733,000 after buying an additional 8,073 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Insider Activity at Teradyne

In other news, VP Ryan Driscoll sold 437 shares of Teradyne stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the sale, the vice president now owns 4,312 shares in the company, valued at $439,824. This trade represents a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 1,789 shares of Teradyne 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 completion of the sale, the chief financial officer now owns 33,308 shares in the company, valued at approximately $4,013,947.08. This trade represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,479 shares of company stock worth $1,013,134. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on TER. UBS Group decreased their price target on shares of Teradyne from $160.00 to $155.00 and set a "buy" rating for the company in a report on Friday, January 31st. Northland Capmk raised shares of Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $160.00 price target on shares of Teradyne in a report on Thursday, January 30th. Susquehanna raised their price target on shares of Teradyne from $145.00 to $165.00 and gave the stock a "positive" rating in a report on Wednesday, January 22nd. Finally, Morgan Stanley cut shares of Teradyne from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Teradyne currently has an average rating of "Moderate Buy" and an average price target of $143.77.

Teradyne Stock Down 2.0 %

Shares of NASDAQ:TER traded down $2.23 during midday trading on Tuesday, reaching $111.35. The company's stock had a trading volume of 2,292,461 shares, compared to its average volume of 2,601,563. The firm has a market capitalization of $18.01 billion, a PE ratio of 33.44, a P/E/G ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a twelve month low of $95.80 and a twelve month high of $163.21. The stock has a fifty day moving average of $124.34 and a 200 day moving average of $122.91.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne announced that its Board of Directors has initiated a stock buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.43%. Teradyne's dividend payout ratio is presently 14.41%.

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.