Louisiana State Employees Retirement System Acquires Shares of 8,000 Teradyne, Inc. $TER

Louisiana State Employees Retirement System bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,000 shares of the company’s stock, valued at approximately $2,372,000.

A number of other large investors have also modified their holdings of the business. Parkway Wealth Management Group LLC acquired a new stake in shares of Teradyne in the first quarter valued at about $3,230,000. Contravisory Investment Management Inc. acquired a new position in Teradyne during the first quarter worth about $1,369,000. Fairvoy Private Wealth LLC acquired a new position in Teradyne during the first quarter worth about $601,000. Fiduciary Alliance LLC purchased a new stake in Teradyne during the 1st quarter valued at about $167,000. Finally, Blue Trust Inc. grew its stake in Teradyne by 94.4% during the 1st quarter. Blue Trust Inc. now owns 1,244 shares of the company’s stock valued at $369,000 after acquiring an additional 604 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

NASDAQ:TER opened at $463.28 on Tuesday. The firm has a market capitalization of $72.52 billion, a price-to-earnings ratio of 85.79, a PEG ratio of 1.26 and a beta of 1.79. The company’s 50-day moving average is $384.01 and its two-hundred day moving average is $311.33. Teradyne, Inc. has a 1-year low of $88.60 and a 1-year high of $472.37.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business’s revenue was up 87.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 EPS. As a group, equities analysts anticipate that Teradyne, Inc. will post 7.2 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.1%. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, May 21st. Teradyne’s payout ratio is 9.63%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TER shares. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target for the company in a research report on Thursday, April 30th. Morgan Stanley set a $387.00 price target on Teradyne in a report on Thursday, April 30th. UBS Group lifted their price objective on Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings raised Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $373.87.

Insiders Place Their Bets

In other Teradyne news, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the sale, the vice president owned 7,665 shares in the company, valued at $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total value of $232,880.00. Following the completion of the transaction, the insider directly owned 15,722 shares in the company, valued at approximately $5,581,310. This trade represents a 4.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 14,941 shares of company stock valued at $5,444,112 over the last quarter. 0.19% of the stock is owned by insiders.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.