Teradyne, Inc. (NASDAQ:TER) Stock Holdings Decreased by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lowered its position in shares of Teradyne, Inc. (NASDAQ:TER) by 7.4% during the first quarter, Holdings Channel reports. The fund owned 5,045 shares of the company’s stock after selling 401 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Teradyne were worth $569,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Bfsg LLC purchased a new stake in Teradyne in the 1st quarter worth about $34,000. American National Bank acquired a new stake in shares of Teradyne during the fourth quarter worth approximately $37,000. Cambridge Trust Co. acquired a new stake in shares of Teradyne during the fourth quarter worth approximately $38,000. Mather Group LLC. purchased a new position in Teradyne during the first quarter valued at approximately $53,000. Finally, Advantage Trust Co acquired a new position in Teradyne in the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 1.7 %

Shares of NASDAQ:TER traded up $2.12 during trading on Friday, reaching $126.46. The stock had a trading volume of 2,617,182 shares, compared to its average volume of 2,027,493. The stock has a fifty day simple moving average of $146.83 and a two-hundred day simple moving average of $121.47. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $163.21. The firm has a market capitalization of $19.74 billion, a price-to-earnings ratio of 48.08, a P/E/G ratio of 2.37 and a beta of 1.50.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm had revenue of $729.88 million for the quarter, compared to the consensus estimate of $701.20 million. During the same quarter last year, the firm posted $0.79 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts forecast that Teradyne, Inc. will post 3.08 EPS for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 21st. This represents a $0.48 annualized dividend and a yield of 0.38%. Teradyne’s payout ratio is 18.25%.

Analysts Set New Price Targets

TER has been the topic of several research analyst reports. Robert W. Baird boosted their price target on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Citigroup dropped their target price on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday. Northland Securities cut their price target on Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their price target on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Teradyne has a consensus rating of “Hold” and an average target price of $141.50.

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the sale, the director now owns 18,393 shares in the company, valued at $2,645,649.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Teradyne news, insider Richard John Burns sold 5,005 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total value of $688,888.20. Following the completion of the transaction, the insider now owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total value of $89,900.00. Following the completion of the sale, the director now owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The disclosure for this sale can be found here. Insiders have sold 10,005 shares of company stock valued at $1,304,763 in the last 90 days. 0.36% of the stock is currently owned by 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.