New York State Common Retirement Fund Sells 6,417 Shares of Teradyne, Inc. (NASDAQ:TER)

New York State Common Retirement Fund cut its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 88,416 shares of the company's stock after selling 6,417 shares during the period. New York State Common Retirement Fund owned about 0.05% of Teradyne worth $11,133,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in shares of Teradyne by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company's stock worth $858,000 after acquiring an additional 104 shares during the period. GAMMA Investing LLC increased its stake in Teradyne by 3.1% in the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company's stock worth $434,000 after purchasing an additional 105 shares during the period. TD Private Client Wealth LLC increased its position in shares of Teradyne by 0.5% during the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company's stock worth $2,666,000 after acquiring an additional 108 shares during the period. VELA Investment Management LLC raised its holdings in shares of Teradyne by 0.9% in the third quarter. VELA Investment Management LLC now owns 12,782 shares of the company's stock valued at $1,712,000 after acquiring an additional 113 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of Teradyne by 5.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 2,577 shares of the company's stock worth $324,000 after purchasing an additional 132 shares during the last quarter. Institutional investors own 99.77% of the company's stock.

Teradyne Stock Performance

Shares of NASDAQ TER traded up $2.11 during mid-day trading on Wednesday, hitting $113.46. 1,043,293 shares of the stock were exchanged, compared to its average volume of 2,552,611. Teradyne, Inc. has a twelve month low of $95.80 and a twelve month high of $163.21. The company has a market cap of $18.35 billion, a P/E ratio of 34.19, a PEG ratio of 2.83 and a beta of 1.45. The stock's fifty day simple moving average is $124.34 and its two-hundred day simple moving average is $122.91.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Friday, February 14th. Teradyne's dividend payout ratio (DPR) is currently 14.41%.

Teradyne declared that its Board of Directors has approved a share repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TER. Northland Capmk raised shares of Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their price objective on Teradyne from $158.00 to $145.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $160.00 price objective on shares of Teradyne in a research report on Thursday, January 30th. Susquehanna boosted their price objective on Teradyne from $145.00 to $165.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. Finally, UBS Group dropped their price target on Teradyne from $160.00 to $155.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $143.77.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard John Burns sold 407 shares of the firm's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the transaction, the insider now owns 20,764 shares of the company's stock, valued at $2,502,269.64. The trade was a 1.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,479 shares of company stock worth $1,013,134. 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.