Kentucky Retirement Systems Insurance Trust Fund Takes $375,000 Position in Teradyne, Inc. (NASDAQ:TER)

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

Several other institutional investors have also recently made changes to their positions in TER. Proficio Capital Partners LLC purchased a new position in Teradyne during the fourth quarter worth approximately $12,118,000. Park Avenue Securities LLC lifted its position in shares of Teradyne by 56.0% during the 1st quarter. Park Avenue Securities LLC now owns 3,045 shares of the company's stock valued at $252,000 after buying an additional 1,093 shares in the last quarter. Inspire Advisors LLC increased its holdings in Teradyne by 341.7% in the 4th quarter. Inspire Advisors LLC now owns 24,664 shares of the company's stock worth $3,106,000 after acquiring an additional 19,080 shares in the last quarter. California Public Employees Retirement System raised its position in Teradyne by 87.5% during the fourth quarter. California Public Employees Retirement System now owns 498,614 shares of the company's stock worth $62,785,000 after acquiring an additional 232,730 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in Teradyne by 38.1% during the fourth quarter. Jones Financial Companies Lllp now owns 3,275 shares of the company's stock valued at $412,000 after purchasing an additional 904 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TER shares. Morgan Stanley decreased their target price on Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price target on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. KeyCorp restated a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. UBS Group set a $130.00 price objective on shares of Teradyne and gave the company a "buy" rating in a report on Wednesday, March 12th. Finally, Susquehanna decreased their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Teradyne currently has an average rating of "Moderate Buy" and a consensus price target of $114.33.

Teradyne Trading Down 0.2%

Shares of NASDAQ TER opened at $90.20 on Thursday. The stock has a market cap of $14.47 billion, a P/E ratio of 25.48, a PEG ratio of 3.95 and a beta of 1.69. The business's fifty day simple moving average is $80.42 and its 200-day simple moving average is $99.47. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $163.21.

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

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Thursday, May 22nd. Teradyne's payout ratio is 13.56%.

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

About Teradyne

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.

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