Mitsubishi UFJ Trust & Banking Corp Trims Stock Holdings in Teradyne, Inc. $TER

Mitsubishi UFJ Trust & Banking Corp lowered its stake in Teradyne, Inc. (NASDAQ:TER) by 5.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 79,494 shares of the company’s stock after selling 4,751 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Teradyne were worth $10,942,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TER. Hemington Wealth Management raised its stake in Teradyne by 43.2% during the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after acquiring an additional 79 shares during the period. Versant Capital Management Inc increased its stake in shares of Teradyne by 5.8% in the third quarter. Versant Capital Management Inc now owns 1,494 shares of the company’s stock worth $206,000 after purchasing an additional 82 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Teradyne by 2.3% during the 3rd quarter. LS Investment Advisors LLC now owns 3,945 shares of the company’s stock valued at $543,000 after purchasing an additional 89 shares during the period. CVA Family Office LLC lifted its stake in shares of Teradyne by 28.9% during the 3rd quarter. CVA Family Office LLC now owns 424 shares of the company’s stock valued at $58,000 after buying an additional 95 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its holdings in Teradyne by 29.4% in the 2nd quarter. Manchester Capital Management LLC now owns 586 shares of the company’s stock worth $53,000 after buying an additional 133 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Teradyne

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

Teradyne Price Performance

Shares of TER opened at $250.48 on Thursday. The stock has a market capitalization of $39.23 billion, a price-to-earnings ratio of 91.08, a price-to-earnings-growth ratio of 1.72 and a beta of 1.84. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $251.15. The business’s 50 day simple moving average is $204.06 and its 200-day simple moving average is $155.43.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The firm had revenue of $769.21 million during the quarter, compared to analyst estimates of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. Teradyne’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. On average, sell-side analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be issued a $0.12 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s payout ratio is 17.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Morgan Stanley raised their price target on Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Industrial Alliance Securities set a $175.00 target price on Teradyne in a research note on Tuesday, October 28th. Zacks Research downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Evercore ISI lifted their price objective on shares of Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Finally, UBS Group boosted their target price on shares of Teradyne from $200.00 to $275.00 and gave the stock a “buy” rating in a report on Monday. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $205.75.

About Teradyne

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.