State of New Jersey Common Pension Fund D Buys Shares of 320,000 Teradyne, Inc. (TER)
State of New Jersey Common Pension Fund D bought a new position in Teradyne, Inc. (NYSE:TER) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 320,000 shares of the semiconductor company’s stock, valued at approximately $11,933,000. State of New Jersey Common Pension Fund D owned approximately 0.16% of Teradyne at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in TER. WFG Advisors LP increased its holdings in Teradyne by 21.9% in the 2nd quarter. WFG Advisors LP now owns 3,900 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 700 shares in the last quarter. Paradigm Asset Management Co. LLC increased its holdings in Teradyne by 193.3% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 2,900 shares in the last quarter. IFP Advisors Inc increased its holdings in Teradyne by 4.6% in the 2nd quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock worth $144,000 after acquiring an additional 211 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in Teradyne in the 2nd quarter worth approximately $147,000. Finally, TLP Group LLC purchased a new stake in Teradyne in the 2nd quarter worth approximately $201,000. 92.24% of the stock is owned by institutional investors.
Several research firms recently issued reports on TER. BidaskClub raised shares of Teradyne from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Friday, August 25th. KeyCorp reissued an “outperform” rating and issued a $40.00 target price on shares of Teradyne in a report on Saturday, September 16th. Citigroup Inc. increased their target price on shares of Teradyne from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Monday. Finally, Credit Suisse Group increased their target price on shares of Teradyne from $36.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday. Two 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 currently has an average rating of “Buy” and a consensus target price of $40.17.
Teradyne, Inc. (NYSE:TER) opened at 42.88 on Tuesday. The firm has a 50-day moving average price of $37.89 and a 200 day moving average price of $35.05. The company has a market capitalization of $8.48 billion, a P/E ratio of 22.13 and a beta of 0.98. Teradyne, Inc. has a 1-year low of $22.68 and a 1-year high of $42.93.
Teradyne (NYSE:TER) last posted its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.11. The business had revenue of $503.40 million during the quarter, compared to analysts’ expectations of $472.86 million. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The business’s revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. On average, equities analysts predict that Teradyne, Inc. will post $2.06 EPS for the current year.
In other news, insider Brad Robbins sold 12,045 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was 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 in the company, valued at $300,645.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edwin J. Gillis sold 41,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $35.63, for a total value of $1,460,830.00. Following the completion of the sale, the director now owns 49,638 shares of the company’s stock, valued at $1,768,601.94. The disclosure for this sale can be found here. Insiders sold 116,012 shares of company stock valued at $4,281,929 over the last 90 days. Company insiders own 0.62% of the company’s stock.
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.
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