State of Alaska Department of Revenue Has $4.44 Million Stock Position in Teradyne, Inc. (NASDAQ:TER)

State of Alaska Department of Revenue trimmed its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 28.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,176 shares of the company's stock after selling 13,400 shares during the quarter. State of Alaska Department of Revenue's holdings in Teradyne were worth $4,443,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TER. Ashton Thomas Private Wealth LLC bought a new position in shares of Teradyne in the 2nd quarter worth about $27,000. Rothschild Investment LLC acquired a new stake in shares of Teradyne in the 2nd quarter worth about $33,000. Quarry LP increased its holdings in shares of Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company's stock worth $35,000 after acquiring an additional 169 shares during the period. Tortoise Investment Management LLC increased its holdings in shares of Teradyne by 76.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company's stock worth $40,000 after acquiring an additional 118 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of Teradyne by 3,800.0% in the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company's stock worth $52,000 after acquiring an additional 342 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Teradyne Price Performance

Shares of TER traded down $3.76 during mid-day trading on Wednesday, hitting $109.48. The company's stock had a trading volume of 2,855,115 shares, compared to its average volume of 2,029,768. The firm has a 50-day moving average price of $128.59 and a 200 day moving average price of $132.12. The stock has a market capitalization of $17.86 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 2.46 and a beta of 1.49. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.12. The company had revenue of $737.30 million for the quarter, compared to analysts' expectations of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. As a group, equities analysts anticipate that Teradyne, Inc. will post 3.12 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne's payout ratio is 15.24%.

Analyst Ratings Changes

TER has been the topic of a number of analyst reports. KeyCorp increased their price objective on shares of Teradyne from $160.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, July 12th. Craig Hallum dropped their price objective on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a report on Friday, October 25th. Northland Capmk cut shares of Teradyne from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 18th. StockNews.com raised shares of Teradyne from a "sell" rating to a "hold" rating in a report on Sunday. Finally, Robert W. Baird lowered their target price on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $142.62.

Insiders Place Their Bets

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the completion of the transaction, the director now directly owns 17,143 shares in the company, valued at $2,207,504.11. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Mercedes Johnson sold 625 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the sale, the director now directly owns 17,143 shares in the company, valued at approximately $2,207,504.11. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 6,153 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares of the company's stock, valued at approximately $4,768,072.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,977 shares of company stock worth $1,979,834 over the last ninety days. 0.18% of the stock is currently owned by company insiders.

Teradyne 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.