Kentucky Retirement Systems Insurance Trust Fund Has $647,000 Holdings in Teradyne, Inc. (NASDAQ:TER)

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,831 shares of the company’s stock after selling 204 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Teradyne were worth $647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Teradyne by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock worth $2,078,462,000 after acquiring an additional 135,286 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings 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 worth $682,597,000 after purchasing an additional 57,989 shares during the period. Van ECK Associates Corp boosted its position in shares of Teradyne by 6.3% during the third quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock worth $383,501,000 after purchasing an additional 183,721 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Teradyne by 18.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after buying an additional 374,522 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Teradyne by 2.2% in the 3rd 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 in the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Price Performance

Shares of TER stock opened at $104.15 on Tuesday. The company has a fifty day moving average price of $121.93 and a two-hundred day moving average price of $132.16. Teradyne, Inc. has a one year low of $90.24 and a one year high of $163.21. The stock has a market cap of $16.96 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.22 and a beta of 1.52.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.12. The business had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. Teradyne’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s payout ratio is presently 15.24%.

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.

Analysts Set New Price Targets

TER has been the topic of several recent analyst reports. Susquehanna lifted their target price on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Robert W. Baird dropped their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Evercore ISI upped their price target on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, Cantor Fitzgerald upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective on the stock in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $142.62.

Insider Activity at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the sale, the director now directly owns 16,518 shares in the company, valued at $2,204,987.82. This trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Richard John Burns sold 789 shares of the company’s 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 completion of the transaction, the insider now directly owns 21,864 shares in the company, valued at $2,903,539.20. The trade was a 3.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,199 shares of company stock worth $1,080,634. Company insiders own 0.36% of the company’s stock.

Teradyne Company 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.