Illinois Municipal Retirement Fund Acquires 3,810 Shares of Teradyne, Inc. (NASDAQ:TER)

Illinois Municipal Retirement Fund lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,420 shares of the company’s stock after purchasing an additional 3,810 shares during the quarter. Illinois Municipal Retirement Fund owned 0.07% of Teradyne worth $14,534,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TER. Artemis Wealth Advisors LLC acquired a new position in Teradyne in the fourth quarter valued at about $1,259,000. Bank of New York Mellon Corp boosted its stake in Teradyne by 13.5% during 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 acquiring an additional 176,043 shares in the last quarter. Crestwood Advisors Group LLC raised its position in shares of Teradyne by 21.1% during the fourth quarter. Crestwood Advisors Group LLC now owns 2,026 shares of the company’s stock worth $255,000 after purchasing an additional 353 shares during the period. TCW Group Inc. bought a new stake in Teradyne during the 4th quarter worth approximately $1,348,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Teradyne by 2.6% during the fourth quarter. Allianz Asset Management GmbH now owns 323,486 shares of the company’s stock valued at $40,733,000 after purchasing an additional 8,073 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Performance

TER opened at $113.58 on Tuesday. The company has a market cap of $18.50 billion, a P/E ratio of 34.11, a PEG ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a one year low of $95.80 and a one year high of $163.21. The business’s 50-day simple moving average is $124.67 and its 200-day simple moving average is $122.99.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne announced that its Board of Directors has approved a share repurchase program on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Teradyne Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio is currently 14.41%.

Insider Activity

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the sale, the chief financial officer now directly owns 33,308 shares in the company, valued at $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. 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. 0.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TER has been the topic of several research reports. UBS Group lowered their price target on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 price target on shares of Teradyne in a research note on Thursday, January 30th. KeyCorp decreased their price target on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Finally, Susquehanna upped their target price on shares of Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.77.

About Teradyne

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.