Municipal Employees Retirement System of Michigan Sells 16,960 Shares of Teradyne, Inc. (TER)

Municipal Employees Retirement System of Michigan cut its holdings in shares of Teradyne, Inc. (NYSE:TER) by 22.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,840 shares of the semiconductor company’s stock after selling 16,960 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Teradyne were worth $2,231,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. MML Investors Services LLC increased its stake in Teradyne by 0.8% during the second quarter. MML Investors Services LLC now owns 24,382 shares of the semiconductor company’s stock worth $732,000 after purchasing an additional 188 shares during the period. IFP Advisors Inc increased its stake in Teradyne by 4.6% during the second quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock worth $144,000 after purchasing an additional 211 shares during the period. People s United Financial Inc. increased its stake in Teradyne by 1.8% during the second 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 during the period. PNC Financial Services Group Inc. increased its stake in Teradyne by 6.7% during the first 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 during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in Teradyne by 1.6% during the second 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 during the period. Institutional investors own 90.65% of the company’s stock.

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TER has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Teradyne from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Tuesday, July 18th. KeyCorp upgraded shares of Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 target price on the stock in a research note on Thursday, July 27th. Credit Suisse Group restated a “neutral” rating on shares of Teradyne in a research note on Thursday, July 27th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Teradyne in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $40.17.

Shares of Teradyne, Inc. (TER) traded down $0.45 on Tuesday, reaching $43.40. The company had a trading volume of 247,801 shares, compared to its average volume of 2,463,803. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.96 and a quick ratio of 4.67. The firm has a market capitalization of $8,572.09, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 1.64 and a beta of 1.04. Teradyne, Inc. has a 52-week low of $23.39 and a 52-week high of $44.33.

Teradyne (NYSE:TER) last posted its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.11. The business 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%. The company’s revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 earnings per share. equities research analysts predict that Teradyne, Inc. will post 2.22 EPS for the current fiscal year.

In other news, Director Edwin J. Gillis sold 41,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was 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 directly owns 49,638 shares of the company’s stock, valued at $1,768,601.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Charles Jeffrey Gray sold 8,161 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $42.25, for a total value of $344,802.25. Following the completion of the sale, the vice president now directly owns 31,500 shares of the company’s stock, valued at $1,330,875. The disclosure for this sale can be found here. Insiders sold 136,012 shares of company stock valued at $5,138,429 over the last three months. Corporate insiders own 0.62% of the company’s stock.

Teradyne Company Profile

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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