Mitsubishi UFJ Trust & Banking Corp Buys 5,892 Shares of Teradyne, Inc. (NASDAQ:TER)

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,848 shares of the company’s stock after purchasing an additional 5,892 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Teradyne were worth $14,084,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TER. Roberts Glore & Co. Inc. IL lifted its holdings in shares of Teradyne by 2.2% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock worth $517,000 after buying an additional 90 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Teradyne by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after purchasing an additional 104 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Teradyne by 3.1% in the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after purchasing an additional 105 shares during the period. TD Private Client Wealth LLC grew its position in Teradyne by 0.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after purchasing an additional 108 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of Teradyne by 5.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company’s stock worth $283,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

TER has been the subject of several research reports. Robert W. Baird reduced their target price on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. TD Cowen cut their price target on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Citigroup cut their target price on Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Finally, Bank of America lowered their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and an average target price of $121.44.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 1,384 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $154,302.16. Following the transaction, the chief financial officer now owns 36,576 shares of the company’s stock, valued at $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,479 shares of company stock worth $1,013,134. Company insiders own 0.18% of the company’s stock.

Teradyne Trading Down 3.4 %

TER opened at $82.78 on Friday. Teradyne, Inc. has a 1-year low of $82.47 and a 1-year high of $163.21. The stock has a market capitalization of $13.39 billion, a PE ratio of 24.86, a PEG ratio of 2.83 and a beta of 1.46. The firm has a 50-day moving average price of $107.90 and a two-hundred day moving average price of $117.48.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Teradyne 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.