Treasurer of the State of North Carolina Has $8.65 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Treasurer of the State of North Carolina lifted its position in Teradyne, Inc. (NASDAQ:TER) by 0.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 68,684 shares of the company’s stock after purchasing an additional 430 shares during the period. Treasurer of the State of North Carolina’s holdings in Teradyne were worth $8,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP boosted its holdings in Teradyne by 9.1% during the third quarter. Wellington Management Group LLP now owns 10,684 shares of the company’s stock valued at $1,431,000 after acquiring an additional 890 shares during the period. M&T Bank Corp boosted its stake in Teradyne by 41.1% during the 3rd quarter. M&T Bank Corp now owns 8,645 shares of the company’s stock valued at $1,158,000 after purchasing an additional 2,519 shares during the period. Coldstream Capital Management Inc. grew its holdings in Teradyne by 5.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,178 shares of the company’s stock valued at $421,000 after buying an additional 156 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in Teradyne in the 3rd quarter valued at approximately $95,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Teradyne during the third quarter worth approximately $81,000. 99.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TER. Stifel Nicolaus lowered their price objective on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, March 12th. Cantor Fitzgerald decreased their price target on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. UBS Group set a $130.00 price objective on shares of Teradyne and gave the company a “buy” rating in a research report on Wednesday, March 12th. Morgan Stanley decreased their target price on Teradyne from $112.00 to $81.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. Finally, Bank of America cut their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average price target of $121.44.

Teradyne Stock Up 1.9 %

NASDAQ:TER opened at $73.65 on Monday. The firm has a market cap of $11.85 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The company’s 50-day moving average price is $96.33 and its two-hundred day moving average price is $112.80.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping 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%. On average, research analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.12 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.65%. Teradyne’s dividend payout ratio is 14.41%.

Insiders Place Their Bets

In other news, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the sale, the insider now owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,399 shares of company stock valued at $612,734 in the last 90 days. 0.36% of the stock is currently owned by insiders.

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.