Retirement Systems of Alabama Trims Stock Position in Teradyne, Inc. (NASDAQ:TER)

Retirement Systems of Alabama trimmed its holdings in Teradyne, Inc. (NASDAQ:TER) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 33,693 shares of the company’s stock after selling 1,130 shares during the period. Retirement Systems of Alabama’s holdings in Teradyne were worth $3,656,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC purchased a new position in shares of Teradyne during the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Teradyne in the third quarter valued at $27,000. CVA Family Office LLC purchased a new stake in shares of Teradyne in the 4th quarter valued at $33,000. Venturi Wealth Management LLC acquired a new position in Teradyne during the 3rd quarter worth about $36,000. Finally, NBC Securities Inc. purchased a new position in Teradyne during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TER. Evercore ISI started coverage on shares of Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target on the stock. Robert W. Baird increased their target price on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. JPMorgan Chase & Co. boosted their price target on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 price objective on shares of Teradyne in a research note on Thursday, April 25th. Finally, Susquehanna boosted their target price on Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Teradyne presently has an average rating of “Hold” and a consensus target price of $117.83.

Insiders Place Their Bets

In other news, CFO Sanjay Mehta sold 3,750 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the sale, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Teradyne Stock Down 0.7 %

TER stock opened at $121.09 on Wednesday. The business has a 50 day moving average price of $107.65 and a 200 day moving average price of $101.48. The stock has a market cap of $18.52 billion, a price-to-earnings ratio of 46.04 and a beta of 1.50. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $123.65.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to the consensus estimate of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 2.99 EPS for the current year.

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.