Mitsubishi UFJ Trust & Banking Corp Increases Holdings in Teradyne, Inc. (NASDAQ:TER)

Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 111,848 shares of the company's stock after purchasing an additional 5,892 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.07% of Teradyne worth $14,084,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Compass Financial Services Inc purchased a new stake in Teradyne in the 4th quarter worth $33,000. AllSquare Wealth Management LLC grew its holdings in Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after purchasing an additional 200 shares during the last quarter. Manchester Capital Management LLC lifted its stake in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after purchasing an additional 227 shares during the last quarter. Atala Financial Inc bought a new position in shares of Teradyne during the fourth quarter valued at approximately $47,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Teradyne in the third quarter worth approximately $52,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares of the company's stock, valued at $9,705,800. The trade was 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 stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the transaction, the chief financial officer now directly owns 33,308 shares of the company's stock, valued at $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 in the last quarter. Company insiders own 0.36% of the company's stock.

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Teradyne Stock Up 1.4 %

TER traded up $1.15 on Wednesday, reaching $83.76. The company had a trading volume of 444,236 shares, compared to its average volume of 2,393,640. The stock has a 50-day moving average price of $105.79 and a 200-day moving average price of $116.66. The stock has a market capitalization of $13.55 billion, a PE ratio of 25.04, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 1 year low of $79.60 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate 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, analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Friday, February 14th. Teradyne's dividend payout ratio is currently 14.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Teradyne from $145.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. UBS Group set a $130.00 target price on Teradyne and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Robert W. Baird lowered their price target on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Susquehanna cut their price objective on shares of Teradyne from $165.00 to $155.00 and set a "positive" rating on the stock in a research note on Wednesday, March 12th. Finally, Northland Capmk raised shares of Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Teradyne currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.44.

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.