Mitsubishi UFJ Asset Management Co. Ltd. Purchases 9,960 Shares of Teradyne, Inc. (NASDAQ:TER)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 6.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 158,270 shares of the company's stock after acquiring an additional 9,960 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.10% of Teradyne worth $16,104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC purchased a new position in Teradyne in the 3rd quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Teradyne in the third quarter worth about $27,000. CVA Family Office LLC acquired a new position in Teradyne during the fourth quarter worth about $33,000. Cambridge Trust Co. acquired a new position in Teradyne during the fourth quarter worth about $38,000. Finally, Venturi Wealth Management LLC purchased a new stake in Teradyne during the 3rd quarter valued at about $36,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TER has been the subject of a number of analyst reports. Susquehanna upped their price target on Teradyne from $125.00 to $130.00 and gave the company a "positive" rating in a research report on Friday, April 26th. Cantor Fitzgerald restated a "neutral" rating and issued a $110.00 target price on shares of Teradyne in a report on Thursday, April 25th. JPMorgan Chase & Co. lifted their price target on Teradyne from $100.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. The Goldman Sachs Group boosted their price target on shares of Teradyne from $107.00 to $118.00 and gave the company a "neutral" rating in a research report on Friday, April 26th. Finally, Robert W. Baird raised their price objective on shares of Teradyne from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $117.83.

Teradyne Price Performance

Shares of NASDAQ:TER traded up $0.42 during mid-day trading on Friday, reaching $131.91. 1,968,118 shares of the company were exchanged, compared to its average volume of 2,767,927. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $133.46. The firm's 50-day simple moving average is $111.48 and its 200 day simple moving average is $103.83. The firm has a market cap of $20.59 billion, a price-to-earnings ratio of 50.16 and a beta of 1.50.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.18. The company had revenue of $599.82 million during the quarter, compared to analysts' expectations of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. Teradyne's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. On average, research analysts forecast that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, May 21st. This represents a $0.48 annualized dividend and a yield of 0.36%. Teradyne's dividend payout ratio (DPR) is 18.25%.

Insider Buying and Selling at Teradyne

In other news, CFO Sanjay Mehta sold 3,750 shares of the firm's stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the sale, the chief financial officer now directly owns 41,902 shares in the company, valued at approximately $5,030,754.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Sanjay Mehta sold 3,750 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the transaction, the chief financial officer now owns 41,902 shares in the company, valued at approximately $5,030,754.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the business's stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $121.20, for a total value of $75,750.00. Following the sale, the director now owns 17,142 shares of the company's stock, valued at approximately $2,077,610.40. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.

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.