Public Employees Retirement System of Ohio Sells 3,684 Shares of Teradyne, Inc. (NASDAQ:TER)

Public Employees Retirement System of Ohio trimmed its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,421 shares of the company's stock after selling 3,684 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Teradyne were worth $7,230,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Compass Financial Services Inc acquired a new position in Teradyne during the 4th quarter valued at about $33,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Teradyne in the fourth quarter worth approximately $34,000. AllSquare Wealth Management LLC lifted its holdings in shares of Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC boosted its position in shares of Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after buying an additional 227 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $45,000. 99.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Susquehanna dropped their price objective on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research note on Wednesday, April 30th. Vertical Research assumed coverage on shares of Teradyne in a report on Friday, March 7th. They issued a "buy" rating and a $135.00 target price for the company. UBS Group set a $130.00 price target on shares of Teradyne and gave the company a "buy" rating in a research report on Wednesday, March 12th. KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. Finally, Citigroup decreased their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Teradyne currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.67.

Teradyne Price Performance

Shares of NASDAQ TER traded up $0.73 during trading on Thursday, reaching $80.98. 1,803,105 shares of the stock traded hands, compared to its average volume of 2,595,244. The stock has a market capitalization of $12.99 billion, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21. The company has a 50-day moving average of $77.45 and a 200-day moving average of $102.59.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.61 by $0.14. The business had revenue of $685.70 million for the quarter, compared to the consensus estimate of $680.54 million. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The company's revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. Analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, May 22nd. Teradyne's payout ratio is presently 13.56%.

Teradyne declared that its Board of Directors has approved a stock buyback plan on Monday, April 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors 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.