State of Tennessee Department of Treasury Has $6.65 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

State of Tennessee Department of Treasury grew its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,832 shares of the company's stock after purchasing an additional 3,815 shares during the period. State of Tennessee Department of Treasury's holdings in Teradyne were worth $6,653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Compass Financial Services Inc purchased a new position in shares of Teradyne during the fourth quarter valued at $33,000. Strategic Investment Solutions Inc. IL purchased a new position in Teradyne during the 4th quarter valued at about $34,000. AllSquare Wealth Management LLC increased its holdings in shares of Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after purchasing an additional 200 shares during the period. Manchester Capital Management LLC increased its holdings in shares of Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after purchasing an additional 227 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Teradyne during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Stock Down 3.1 %

NASDAQ TER traded down $2.33 during trading on Wednesday, hitting $72.56. The company's stock had a trading volume of 1,311,817 shares, compared to its average volume of 2,561,193. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21. The firm has a market cap of $11.67 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. The firm has a 50 day moving average price of $86.62 and a 200 day moving average price of $108.15.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.14. The company had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The company's quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. On average, equities analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne announced that its Board of Directors has authorized 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 purchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Insider Activity at Teradyne

In other Teradyne news, VP Ryan Driscoll sold 437 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $44,574.00. Following the sale, the vice president now directly owns 4,312 shares of the company's stock, valued at approximately $439,824. This represents a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard John Burns sold 445 shares of Teradyne stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the transaction, the insider now owns 25,191 shares of the company's stock, valued at $2,808,544.59. This trade represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,096 shares of company stock valued at $335,199 over the last quarter. 0.16% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. UBS Group set a $130.00 price objective on shares of Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th. Vertical Research began coverage on Teradyne in a report on Friday, March 7th. They set a "buy" rating and a $135.00 price objective for the company. Morgan Stanley lowered their target price on Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Stifel Nicolaus reduced their price target on Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. Finally, Northland Capmk raised Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Teradyne has an average rating of "Moderate Buy" and a consensus target price of $118.94.

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.