Teradyne, Inc. (NYSE:TER) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lowered its stake in shares of Teradyne, Inc. (NYSE:TER) by 2.0% in the second quarter, HoldingsChannel reports. The fund owned 70,305 shares of the semiconductor company’s stock after selling 1,401 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Teradyne were worth $3,368,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Exane Derivatives acquired a new stake in shares of Teradyne in the 1st quarter valued at $36,000. Zions Bancorporation N.A. bought a new position in shares of Teradyne in the 1st quarter worth about $50,000. SevenBridge Financial Group LLC grew its stake in shares of Teradyne by 146.9% in the 2nd quarter. SevenBridge Financial Group LLC now owns 2,185 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 1,300 shares during the period. ETF Managers Group LLC grew its stake in shares of Teradyne by 11.5% in the 1st quarter. ETF Managers Group LLC now owns 3,147 shares of the semiconductor company’s stock valued at $125,000 after buying an additional 325 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of Teradyne by 45.4% in the 1st quarter. Quadrant Capital Group LLC now owns 4,455 shares of the semiconductor company’s stock valued at $173,000 after buying an additional 1,390 shares during the period.

In other Teradyne news, insider Brad Robbins sold 10,000 shares of Teradyne stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $57.10, for a total value of $571,000.00. Following the completion of the transaction, the insider now directly owns 28,465 shares of the company’s stock, valued at approximately $1,625,351.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael A. Bradley sold 17,115 shares of Teradyne stock in a transaction on Monday, July 29th. The stock was sold at an average price of $57.37, for a total transaction of $981,887.55. Following the completion of the transaction, the director now directly owns 61,742 shares of the company’s stock, valued at $3,542,138.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,570 shares of company stock worth $1,978,796. 0.49% of the stock is currently owned by insiders.

A number of research firms have issued reports on TER. DA Davidson lifted their price target on Teradyne to $48.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Cowen reaffirmed a “market perform” rating and issued a $50.00 price target (up previously from $40.00) on shares of Teradyne in a report on Thursday, April 25th. Robert W. Baird raised shares of Teradyne from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $39.00 to $55.00 in a report on Thursday, April 25th. Stifel Nicolaus cut shares of Teradyne from a “buy” rating to a “hold” rating and boosted their target price for the company from $52.00 to $53.00 in a report on Thursday, July 25th. Finally, Northland Securities restated a “hold” rating on shares of Teradyne in a research report on Monday, July 22nd. Nine investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $48.00.

TER stock traded down $1.38 on Friday, hitting $53.42. The company had a trading volume of 29,774 shares, compared to its average volume of 2,358,896. Teradyne, Inc. has a 12-month low of $28.73 and a 12-month high of $58.61. The company has a current ratio of 4.10, a quick ratio of 3.76 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $48.11. The company has a market capitalization of $9.30 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25.

Teradyne (NYSE:TER) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04. The business had revenue of $564.00 million for the quarter, compared to the consensus estimate of $536.72 million. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.59 earnings per share. Analysts anticipate that Teradyne, Inc. will post 2.25 earnings per share for the current year.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.

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Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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