New York State Common Retirement Fund Trims Position in Teradyne, Inc. (NASDAQ:TER)

New York State Common Retirement Fund decreased its position in shares of Teradyne, Inc. (NASDAQ:TER) by 6.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 88,416 shares of the company’s stock after selling 6,417 shares during the period. New York State Common Retirement Fund’s holdings in Teradyne were worth $11,133,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TER. Van ECK Associates Corp boosted its position in shares of Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after acquiring an additional 1,846,079 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Teradyne by 1,767.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock worth $116,233,000 after purchasing an additional 873,626 shares in the last quarter. Alkeon Capital Management LLC boosted its holdings in shares of Teradyne by 189.6% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock valued at $153,218,000 after purchasing an additional 749,003 shares during the last quarter. Holocene Advisors LP purchased a new position in shares of Teradyne during the third quarter valued at about $91,129,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Teradyne by 16.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock worth $355,837,000 after purchasing an additional 393,175 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Trading Down 2.0 %

TER stock opened at $113.58 on Tuesday. The stock has a market cap of $18.50 billion, a PE ratio of 34.11, a P/E/G ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a 12 month low of $95.80 and a 12 month high of $163.21. The company has a 50-day moving average price of $124.67 and a 200 day moving average price of $122.99.

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

Teradyne Dividend Announcement

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

Teradyne declared that its Board of Directors has initiated a stock buyback program on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 0.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

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

Insider Transactions at Teradyne

In other Teradyne news, insider Richard John Burns sold 445 shares of Teradyne stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the sale, the insider now directly owns 25,191 shares of the company’s stock, valued at $2,808,544.59. The trade was a 1.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sanjay Mehta sold 1,384 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $154,302.16. Following the transaction, the chief financial officer now directly owns 36,576 shares in the company, valued at $4,077,858.24. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,479 shares of company stock worth $1,013,134. Insiders own 0.36% of the company’s stock.

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.