Mitsubishi UFJ Asset Management Co. Ltd. Acquires 28,650 Shares of Teradyne, Inc. (NASDAQ:TER)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,596 shares of the company's stock after buying an additional 28,650 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.15% of Teradyne worth $32,858,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TER. Van ECK Associates Corp increased its stake in Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after acquiring an additional 1,846,079 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Teradyne in the 4th quarter valued at $12,118,000. Cerity Partners LLC increased its stake in shares of Teradyne by 87.1% in the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company's stock valued at $1,523,000 after purchasing an additional 5,294 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Teradyne by 17.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company's stock worth $10,325,000 after buying an additional 11,541 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Teradyne by 30.5% during the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock worth $11,878,000 after buying an additional 20,762 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of research firms have issued reports on TER. JPMorgan Chase & Co. decreased their target price on Teradyne from $145.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Northland Capmk upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Stifel Nicolaus decreased their price target on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a report on Wednesday, March 12th. TD Cowen dropped their price objective 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. Finally, Robert W. Baird cut their target price on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Two equities 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $121.44.

Teradyne Stock Performance

Shares of NASDAQ:TER traded up $0.01 during midday trading on Tuesday, reaching $82.61. The company's stock had a trading volume of 3,045,835 shares, compared to its average volume of 2,397,113. Teradyne, Inc. has a fifty-two week low of $79.60 and a fifty-two week high of $163.21. The firm has a 50 day moving average price of $106.79 and a two-hundred day moving average price of $117.01. The firm has a market capitalization of $13.36 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, February 14th. Teradyne's dividend payout ratio (DPR) is currently 14.41%.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value 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 represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the sale, the chief financial officer now owns 33,308 shares of the company's stock, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,479 shares of company stock valued at $1,013,134. Corporate insiders own 0.36% of the company's stock.

About Teradyne

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.