MUFG Securities EMEA plc Grows Position in Teradyne, Inc. $TER

MUFG Securities EMEA plc grew its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 3,394.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 106,420 shares of the company’s stock after purchasing an additional 103,375 shares during the period. MUFG Securities EMEA plc’s holdings in Teradyne were worth $20,599,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Koss Olinger Consulting LLC purchased a new stake in Teradyne during the fourth quarter worth approximately $260,000. Forsta AP Fonden grew its stake in Teradyne by 2.8% during the fourth quarter. Forsta AP Fonden now owns 33,000 shares of the company’s stock worth $6,387,000 after buying an additional 900 shares during the period. Norges Bank purchased a new stake in Teradyne during the fourth quarter worth approximately $398,777,000. Zweig DiMenna Associates LLC grew its stake in Teradyne by 10.0% during the fourth quarter. Zweig DiMenna Associates LLC now owns 80,629 shares of the company’s stock worth $15,607,000 after buying an additional 7,300 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Teradyne during the fourth quarter worth approximately $2,011,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Evercore set a $370.00 target price on shares of Teradyne in a research note on Thursday, April 30th. Stifel Nicolaus upped their target price on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group upped their target price on shares of Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $350.00 target price on shares of Teradyne in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 8,597 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $338.98, for a total value of $2,914,211.06. Following the sale, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at $42,192,840.60. This represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the sale, the vice president directly owned 7,665 shares in the company, valued at $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,941 shares of company stock valued at $3,751,992 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Teradyne Price Performance

TER opened at $374.31 on Friday. The stock has a market capitalization of $58.59 billion, a PE ratio of 69.32, a P/E/G ratio of 1.54 and a beta of 1.79. The firm’s fifty day moving average price is $348.35 and its 200 day moving average price is $276.44. Teradyne, Inc. has a 12-month low of $77.02 and a 12-month high of $422.11.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The firm’s quarterly revenue was up 87.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. On average, equities research analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be issued a $0.13 dividend. This is a boost from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, May 21st. Teradyne’s dividend payout ratio is currently 9.63%.

Teradyne 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.