California State Teachers Retirement System Grows Position in Teradyne, Inc. $TER

California State Teachers Retirement System raised its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 46,425.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,598,569 shares of the company's stock after acquiring an additional 115,350,107 shares during the period. California State Teachers Retirement System owned approximately 73.94% of Teradyne worth $55,931,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Carolina Wealth Advisors LLC grew its stake in shares of Teradyne by 42.5% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company's stock worth $55,000 after buying an additional 34 shares in the last quarter. Vestor Capital LLC lifted its holdings in shares of Teradyne by 15.4% in the 1st quarter. Vestor Capital LLC now owns 285 shares of the company's stock valued at $85,000 after acquiring an additional 38 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Teradyne by 5.8% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company's stock valued at $352,000 after acquiring an additional 40 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Teradyne by 1.8% in the 4th quarter. UMB Bank n.a. now owns 2,293 shares of the company's stock valued at $444,000 after acquiring an additional 40 shares during the last quarter. Finally, Stephens Inc. AR grew its position in Teradyne by 1.2% in the fourth quarter. Stephens Inc. AR now owns 3,332 shares of the company's stock worth $645,000 after acquiring an additional 41 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Smith sold 4,000 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief executive officer owned 112,495 shares in the company, valued at approximately $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company's stock.

Wall Street Analysts Forecast Growth

TER has been the topic of several analyst reports. Zacks Research raised Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 12th. UBS Group lifted their target price on Teradyne from $440.00 to $500.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Evercore reissued an "outperform" rating and set a $420.00 target price on shares of Teradyne in a research report on Thursday, July 30th. Bank of America increased their price target on Teradyne from $365.00 to $525.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Finally, Robert W. Baird restated a "neutral" rating and issued a $420.00 price target on shares of Teradyne in a research report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Teradyne presently has an average rating of "Moderate Buy" and a consensus price target of $396.80.

Teradyne Stock Performance

NASDAQ TER opened at $357.03 on Monday. The company's 50-day moving average price is $370.59 and its 200-day moving average price is $358.35. The stock has a market cap of $55.82 billion, a PE ratio of 48.98, a PEG ratio of 0.72 and a beta of 1.78. Teradyne, Inc. has a 12 month low of $109.56 and a 12 month high of $487.91.

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

Teradyne Announces Dividend

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

Teradyne Company Profile

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.

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