State of Tennessee Treasury Department Raises Stake in Teradyne, Inc. (TER)

State of Tennessee Treasury Department grew its position in Teradyne, Inc. (NYSE:TER) by 28.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,000 shares of the semiconductor company’s stock after buying an additional 40,000 shares during the quarter. State of Tennessee Treasury Department owned 0.09% of Teradyne worth $6,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MML Investors Services LLC grew its stake in shares of Teradyne by 0.8% in the second quarter. MML Investors Services LLC now owns 24,382 shares of the semiconductor company’s stock valued at $732,000 after buying an additional 188 shares in the last quarter. IFP Advisors Inc grew its stake in Teradyne by 4.6% during the 2nd quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock worth $144,000 after purchasing an additional 211 shares in the last quarter. People s United Financial Inc. grew its stake in Teradyne by 1.8% during the 2nd quarter. People s United Financial Inc. now owns 18,148 shares of the semiconductor company’s stock worth $545,000 after purchasing an additional 316 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Teradyne by 6.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,207 shares of the semiconductor company’s stock worth $224,000 after purchasing an additional 454 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its stake in Teradyne by 1.6% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 35,078 shares of the semiconductor company’s stock worth $691,000 after purchasing an additional 559 shares in the last quarter. 90.65% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on the company. BidaskClub cut Teradyne from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Robert W. Baird reissued a “positive” rating and set a $48.00 target price (up from $37.00) on shares of Teradyne in a research note on Friday, October 27th. KeyCorp raised Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 target price for the company in a research note on Thursday, July 27th. Zacks Investment Research raised Teradyne from a “sell” rating to a “hold” rating and set a $39.00 target price for the company in a research note on Thursday, July 27th. Finally, Citigroup Inc. reissued a “buy” rating and set a $43.00 target price on shares of Teradyne in a research note on Tuesday, September 19th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $40.17.

In other news, Director Michael A. Bradley sold 10,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $42.85, for a total value of $428,500.00. Following the completion of the sale, the director now directly owns 134,132 shares of the company’s stock, valued at approximately $5,747,556.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brad Robbins sold 12,045 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $42.19, for a total value of $508,178.55. Following the completion of the sale, the insider now directly owns 7,126 shares of the company’s stock, valued at $300,645.94. The disclosure for this sale can be found here. Insiders have sold a total of 136,012 shares of company stock valued at $5,138,429 over the last ninety days. 0.62% of the stock is owned by company insiders.

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Shares of Teradyne, Inc. (NYSE:TER) opened at $43.70 on Monday. The stock has a market capitalization of $8,572.09, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.64 and a beta of 1.04. The company has a current ratio of 4.96, a quick ratio of 4.67 and a debt-to-equity ratio of 0.17. Teradyne, Inc. has a fifty-two week low of $23.26 and a fifty-two week high of $44.04.

Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. The company had revenue of $503.40 million during the quarter, compared to the consensus estimate of $472.86 million. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. Teradyne’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. sell-side analysts predict that Teradyne, Inc. will post 2.22 earnings per share for the current fiscal year.

About Teradyne

Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.

Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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