Kentucky Retirement Systems Has $1.31 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Kentucky Retirement Systems decreased its position in Teradyne, Inc. (NASDAQ:TER) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,610 shares of the company’s stock after selling 622 shares during the period. Kentucky Retirement Systems’ holdings in Teradyne were worth $1,310,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bfsg LLC bought a new stake in shares of Teradyne during the 1st quarter valued at $34,000. American National Bank bought a new stake in Teradyne in the fourth quarter valued at about $37,000. Cambridge Trust Co. acquired a new position in Teradyne in the fourth quarter valued at about $38,000. Mather Group LLC. bought a new position in Teradyne during the first quarter worth about $53,000. Finally, Advantage Trust Co acquired a new position in shares of Teradyne during the 4th quarter worth about $54,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the transaction, the director now owns 17,142 shares in the company, valued at $2,077,610.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the sale, the director now owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard John Burns sold 5,005 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $137.64, for a total transaction of $688,888.20. Following the completion of the transaction, the insider now owns 21,780 shares in the company, valued at $2,997,799.20. The disclosure for this sale can be found here. Insiders sold a total of 10,005 shares of company stock worth $1,304,763 over the last quarter. 0.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TER shares. Citigroup cut their target price on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a report on Friday. Robert W. Baird lifted their target price on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. KeyCorp increased their price target on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, July 12th. The Goldman Sachs Group raised their price target on Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, Stifel Nicolaus boosted their price objective on Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Hold” and an average price target of $141.50.

Teradyne Trading Up 1.7 %

Shares of NASDAQ TER traded up $2.12 during mid-day trading on Friday, hitting $126.46. The company had a trading volume of 2,617,182 shares, compared to its average volume of 2,027,493. The firm has a 50-day simple moving average of $146.83 and a two-hundred day simple moving average of $121.47. The company has a market capitalization of $19.74 billion, a PE ratio of 48.08, a price-to-earnings-growth ratio of 2.37 and a beta of 1.50. Teradyne, Inc. has a one year low of $81.07 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm had revenue of $729.88 million during the quarter, compared to the consensus estimate of $701.20 million. During the same period last year, the company earned $0.79 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. Sell-side analysts expect that Teradyne, Inc. will post 3.08 earnings per share for the current fiscal year.

Teradyne Announces Dividend

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

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.