VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.33 Million in Teradyne, Inc. $TER

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,740 shares of the company’s stock, valued at approximately $1,326,000.

A number of other large investors have also added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC lifted its position in shares of Teradyne by 12.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock valued at $342,000 after acquiring an additional 468 shares during the period. Caxton Associates LLP bought a new position in shares of Teradyne in the first quarter worth $297,000. Cresset Asset Management LLC increased its position in shares of Teradyne by 11.6% in the second quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock worth $608,000 after purchasing an additional 702 shares during the period. NewEdge Advisors LLC raised its stake in Teradyne by 467.1% in the second quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock valued at $306,000 after purchasing an additional 2,807 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in Teradyne by 5.1% in the second quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock valued at $6,755,000 after purchasing an additional 3,651 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Trading Up 2.6%

TER stock opened at $379.72 on Friday. The stock has a market capitalization of $59.37 billion, a P/E ratio of 52.09, a price-to-earnings-growth ratio of 0.77 and a beta of 1.78. Teradyne, Inc. has a 12 month low of $109.56 and a 12 month high of $487.91. The firm has a 50-day moving average price of $365.59 and a 200-day moving average price of $360.05.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm’s quarterly revenue was up 103.9% compared to the same quarter last year. During the same period last year, the company posted $0.57 EPS. As a group, equities analysts predict that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a $0.13 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is currently 7.13%.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the sale, the chief executive officer owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TER shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $550.00 price objective on shares of Teradyne in a research note on Wednesday, July 29th. Robert W. Baird restated a “neutral” rating and issued a $420.00 target price on shares of Teradyne in a research report on Friday, August 21st. Evercore reaffirmed an “outperform” rating and set a $420.00 price target on shares of Teradyne in a report on Thursday, July 30th. Weiss Ratings lowered shares of Teradyne from a “buy (b)” rating to a “hold (c+)” rating in a research report on Thursday, September 3rd. Finally, Bank of America increased their price target on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and a consensus price target of $396.80.

Teradyne Profile

Teradyne, Inc (NASDAQ: TER) develops and supplies automated test equipment and industrial automation solutions. Its testing products are used by semiconductor, electronics, wireless, storage and other manufacturers to evaluate the performance and quality of components, devices and systems during production.

The company’s semiconductor test business provides systems for testing logic, memory, analog and mixed-signal devices, along with related handlers and software. Teradyne also offers system and product test solutions for electronic equipment and wireless devices.