Public Employees Retirement System of Ohio Purchases New Holdings in Teradyne, Inc. $TER

Key Points

• Public Employees Retirement System of Ohio purchased 51,477 Teradyne shares worth approximately $24.9 million, while institutional investors collectively own 99.77% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $396.80, despite one recent downgrade to “Hold.”
• Teradyne reported quarterly EPS of $2.47 versus expectations of $2.09 and revenue of $1.33 billion, up 103.9% year over year; the company also declared a quarterly dividend of $0.13 per share.

Public Employees Retirement System of Ohio purchased a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 51,477 shares of the company's stock, valued at approximately $24,907,000.

A number of other hedge funds also recently modified their holdings of TER. MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Teradyne during the 2nd quarter worth approximately $300,000. Proficio Capital Partners LLC acquired a new position in shares of Teradyne in the second quarter valued at $451,000. Pure Financial Advisors LLC acquired a new position in shares of Teradyne in the second quarter valued at $598,000. Transamerica Financial Advisors LLC acquired a new position in shares of Teradyne in the second quarter valued at $83,000. Finally, Sanchez Levi Garrett bought a new position in Teradyne in the second quarter worth $487,000. Institutional investors own 99.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Teradyne from $440.00 to $500.00 and gave the stock a "buy" rating in a research note on Monday, July 20th. Susquehanna raised their price objective on shares of Teradyne from $415.00 to $550.00 and gave the stock a "positive" rating in a report on Tuesday, June 30th. Morgan Stanley lifted their target price on shares of Teradyne from $387.00 to $397.00 and gave the company an "equal weight" rating in a research report on Thursday, July 30th. Wall Street Zen cut shares of Teradyne from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Evercore reissued an "outperform" rating and issued a $420.00 target price on shares of Teradyne in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Teradyne has a consensus rating of "Moderate Buy" and an average price target of $396.80.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $354.97 on Friday. The business's fifty day moving average price is $380.37 and its two-hundred day moving average price is $356.92. Teradyne, Inc. has a fifty-two week low of $109.56 and a fifty-two week high of $487.91. The stock has a market capitalization of $55.50 billion, a price-to-earnings ratio of 48.69, a price-to-earnings-growth ratio of 0.72 and a beta of 1.78.

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

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.13 per share. The ex-dividend date 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%.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the transaction, the chief executive officer directly owned 112,495 shares in the company, valued at $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by corporate insiders.

About Teradyne

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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