Teradyne, Inc. (NASDAQ:TER) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in shares of Teradyne, Inc. (NASDAQ:TER) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,507 shares of the company’s stock after selling 4,039 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.05% of Teradyne worth $8,737,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in Teradyne by 489.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,073,278 shares of the company’s stock worth $208,282,000 after acquiring an additional 1,721,306 shares during the last quarter. Boston Partners increased its stake in Teradyne by 38.5% during the third quarter. Boston Partners now owns 2,351,867 shares of the company’s stock worth $236,164,000 after acquiring an additional 654,181 shares during the last quarter. Invesco Ltd. increased its stake in Teradyne by 24.4% during the third quarter. Invesco Ltd. now owns 2,427,501 shares of the company’s stock worth $243,867,000 after acquiring an additional 476,763 shares during the last quarter. FMR LLC increased its stake in Teradyne by 3.9% during the third quarter. FMR LLC now owns 11,533,715 shares of the company’s stock worth $1,158,677,000 after acquiring an additional 437,054 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in Teradyne by 13.9% during the third quarter. Van ECK Associates Corp now owns 3,437,479 shares of the company’s stock worth $345,329,000 after acquiring an additional 419,838 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TER. Evercore ISI began coverage on Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target for the company. JPMorgan Chase & Co. lifted their target price on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. The Goldman Sachs Group lifted their target price on Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Friday. Robert W. Baird lifted their target price on Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $115.69.

Insider Activity

In other news, CFO Sanjay Mehta sold 8,653 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total value of $909,430.30. Following the completion of the sale, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at approximately $3,277,018. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Richard John Burns sold 1,744 shares of Teradyne stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $104.89, for a total transaction of $182,928.16. Following the completion of the transaction, the insider now directly owns 16,734 shares of the company’s stock, valued at $1,755,229.26. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 8,653 shares of Teradyne stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total value of $909,430.30. Following the transaction, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at $3,277,018. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Teradyne Stock Up 4.8 %

TER stock traded up $5.22 during trading on Friday, hitting $114.13. The company had a trading volume of 5,204,569 shares, compared to its average volume of 1,924,375. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $119.20. The firm has a 50-day moving average price of $105.38 and a 200-day moving average price of $100.43. The firm has a market cap of $17.46 billion, a PE ratio of 43.34 and a beta of 1.56.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a return on equity of 19.06% and a net margin of 16.15%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.55 EPS. Sell-side analysts anticipate that Teradyne, Inc. will post 2.82 earnings per share for the current year.

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.