Teradyne, Inc. (NASDAQ:TER) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 28.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Teradyne by 0.7% in the first quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company's stock valued at $2,078,462,000 after purchasing an additional 135,286 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Teradyne by 1.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company's stock valued at $682,597,000 after purchasing an additional 57,989 shares during the period. Nordea Investment Management AB raised its holdings in Teradyne by 14.6% during the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company's stock worth $342,178,000 after purchasing an additional 385,115 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Teradyne by 2.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company's stock valued at $299,073,000 after buying an additional 47,157 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its position in shares of Teradyne by 1.1% in the first quarter. Nikko Asset Management Americas Inc. now owns 1,379,062 shares of the company's stock worth $155,600,000 after acquiring an additional 14,526 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Insider Activity

In other news, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the transaction, the insider now owns 21,864 shares of the company's stock, valued at $2,903,539.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Teradyne news, insider Richard John Burns sold 789 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the transaction, the insider now directly owns 21,864 shares of the company's stock, valued at $2,903,539.20. 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 is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the sale, the chief financial officer now directly owns 35,834 shares of the company's stock, valued at approximately $4,768,072.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,977 shares of company stock worth $1,979,834. Corporate insiders own 0.18% of the company's stock.

Teradyne Trading Down 1.2 %

TER stock traded down $1.31 on Wednesday, hitting $111.93. The company had a trading volume of 252,572 shares, compared to its average volume of 2,017,365. The stock's 50-day simple moving average is $128.59 and its 200 day simple moving average is $132.12. The stock has a market cap of $18.26 billion, a price-to-earnings ratio of 35.95, a P/E/G ratio of 2.46 and a beta of 1.49. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued 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 business had revenue of $737.30 million for the quarter, compared to analysts' expectations of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. Research analysts forecast that Teradyne, Inc. will post 3.12 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.43%. The ex-dividend date was Thursday, September 5th. Teradyne's payout ratio is 15.24%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Evercore ISI raised their target price on Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Northland Securities dropped their price objective on Teradyne from $126.00 to $117.00 and set a "market perform" rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus decreased their price target on Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research report on Friday, October 25th. Citigroup reduced their price objective on Teradyne from $185.00 to $162.00 and set a "buy" rating for the company in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Teradyne from $120.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $142.62.

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.