Kentucky Retirement Systems Insurance Trust Fund Acquires Shares of 4,541 Teradyne, Inc. (NASDAQ:TER)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,541 shares of the company's stock, valued at approximately $375,000.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Teradyne in the 4th quarter worth about $270,989,000. Raymond James Financial Inc. bought a new stake in shares of Teradyne in the 4th quarter worth about $160,087,000. Ameriprise Financial Inc. lifted its holdings in shares of Teradyne by 28.3% in the 4th quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock worth $608,025,000 after acquiring an additional 1,065,474 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Teradyne by 142.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company's stock worth $191,718,000 after acquiring an additional 894,849 shares during the last quarter. Finally, Aspex Management HK Ltd lifted its holdings in shares of Teradyne by 35.5% in the 4th quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company's stock worth $407,331,000 after acquiring an additional 847,409 shares during the last quarter. Institutional investors own 99.77% of the company's stock.

Wall Street Analyst Weigh In

TER has been the subject of several analyst reports. Susquehanna lowered their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a report on Wednesday, April 30th. KeyCorp restated a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. TD Cowen reduced their price target on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. JPMorgan Chase & Co. lowered their price objective on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Robert W. Baird reduced their target price on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $114.33.

Teradyne Stock Performance

Shares of TER traded down $0.70 during mid-day trading on Friday, hitting $90.35. 5,979,293 shares of the company were exchanged, compared to its average volume of 2,699,145. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21. The company has a 50 day moving average of $81.20 and a 200-day moving average of $98.79. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 3.95 and a beta of 1.69.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.14. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. The firm had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The company's revenue for the quarter was up 14.3% on a year-over-year basis. Research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. Teradyne's dividend payout ratio (DPR) is presently 13.56%.

Teradyne announced that its board has approved a share buyback plan on Monday, April 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 8.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

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.