Retirement Systems of Alabama Has $2.89 Million Stake in Teradyne, Inc. (NASDAQ:TER)

Retirement Systems of Alabama trimmed its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 0.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,998 shares of the company’s stock after selling 265 shares during the period. Retirement Systems of Alabama’s holdings in Teradyne were worth $2,891,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new stake in Teradyne in the 4th quarter valued at $34,000. AllSquare Wealth Management LLC increased its stake in 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 buying an additional 200 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in Teradyne in the 4th quarter valued at $45,000. Atala Financial Inc acquired a new stake in Teradyne in the 4th quarter valued at $47,000. Finally, Sentry Investment Management LLC acquired a new stake in Teradyne in the 1st quarter valued at $45,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Performance

Shares of TER stock opened at $90.20 on Thursday. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 3.95 and a beta of 1.69. The company has a 50-day simple moving average of $80.42 and a 200 day simple moving average of $99.47. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last announced its earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.61 by $0.14. The business had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. Teradyne’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS. Sell-side analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Thursday, May 22nd. Teradyne’s payout ratio is 13.56%.

Teradyne announced that its board has initiated 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 buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have issued reports on TER. Bank of America lowered their price target on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. 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 report on Wednesday, March 12th. Robert W. Baird decreased their price objective on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Vertical Research began coverage on shares of Teradyne in a research report on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective for the company. Finally, KeyCorp reissued a “sector weight” rating on shares of Teradyne in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.33.

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.