Mitsubishi UFJ Asset Management Co. Ltd. Boosts Holdings in Teradyne, Inc. $TER

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,857 shares of the company’s stock after purchasing an additional 1,731 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Teradyne worth $43,750,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TER. Vanguard Group Inc. boosted its position in Teradyne by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock valued at $2,947,935,000 after buying an additional 444,940 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Teradyne by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock valued at $442,413,000 after purchasing an additional 143,058 shares during the last quarter. Federated Hermes Inc. grew its stake in Teradyne by 79.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after purchasing an additional 1,679,215 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Teradyne by 11.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock worth $490,134,000 after purchasing an additional 354,876 shares during the last quarter. Finally, Primecap Management Co. CA raised its position in shares of Teradyne by 58.6% in the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock valued at $274,036,000 after purchasing an additional 1,125,868 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. UBS Group upped their price target on shares of Teradyne from $200.00 to $275.00 and gave the company a “buy” rating in a report on Monday, January 26th. Bank of America boosted their price objective on Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. The Goldman Sachs Group upped their price objective on Teradyne from $230.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Northland Securities reiterated a “market perform” rating and issued a $270.00 price target on shares of Teradyne in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada set a $270.00 price objective on Teradyne in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $256.24.

Teradyne Stock Performance

TER stock opened at $320.03 on Friday. The stock’s fifty day moving average is $254.69 and its two-hundred day moving average is $186.68. The stock has a market capitalization of $50.10 billion, a price-to-earnings ratio of 91.96, a PEG ratio of 1.98 and a beta of 1.83. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $344.92.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.44. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $970.44 million. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. Teradyne’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period last year, the firm posted $0.95 EPS. As a group, analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, February 13th. Teradyne’s dividend payout ratio (DPR) is currently 14.94%.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.