Mutual of America Capital Management LLC Acquires 2,590 Shares of Teradyne, Inc. (NASDAQ:TER)

Mutual of America Capital Management LLC increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 6.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,973 shares of the company’s stock after purchasing an additional 2,590 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Teradyne were worth $4,555,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Teradyne by 0.9% during the first quarter. Vanguard Group Inc. now owns 18,128,206 shares of the company’s stock worth $2,143,298,000 after buying an additional 154,445 shares during the last quarter. BlackRock Inc. raised its stake in shares of Teradyne by 1.7% during the first quarter. BlackRock Inc. now owns 13,566,844 shares of the company’s stock worth $1,458,571,000 after buying an additional 229,924 shares during the last quarter. FMR LLC raised its stake in shares of Teradyne by 3.9% during the third quarter. FMR LLC now owns 11,533,715 shares of the company’s stock worth $1,158,677,000 after buying an additional 437,054 shares during the last quarter. State Street Corp raised its stake in shares of Teradyne by 2.1% during the first quarter. State Street Corp now owns 6,423,963 shares of the company’s stock worth $690,640,000 after buying an additional 131,204 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Teradyne by 2.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company’s stock valued at $445,254,000 after purchasing an additional 106,848 shares during the period. 99.77% of the stock is owned by institutional investors.

Teradyne Trading Down 1.4 %

Shares of TER opened at $104.42 on Tuesday. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $119.20. The firm has a fifty day simple moving average of $105.21 and a 200 day simple moving average of $100.36. The stock has a market capitalization of $15.97 billion, a price-to-earnings ratio of 38.25 and a beta of 1.56.

Teradyne (NASDAQ:TER) last announced its earnings results on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The business had revenue of $670.60 million during the quarter, compared to analysts’ expectations of $674.99 million. During the same quarter in the prior year, the company posted $0.92 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. As a group, research analysts predict that Teradyne, Inc. will post 2.95 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 16th were given a dividend of $0.12 per share. This is a positive change from Teradyne’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Thursday, February 15th. Teradyne’s dividend payout ratio is 17.58%.

Insiders Place Their Bets

In other news, CFO Sanjay Mehta sold 1,083 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $110.95, for a total value of $120,158.85. Following the transaction, the chief financial officer now directly owns 45,107 shares of the company’s stock, valued at $5,004,621.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Sanjay Mehta sold 1,083 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $110.95, for a total value of $120,158.85. Following the transaction, the chief financial officer now directly owns 45,107 shares of the company’s stock, valued at $5,004,621.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard John Burns sold 317 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $112.68, for a total transaction of $35,719.56. Following the completion of the transaction, the insider now directly owns 20,300 shares in the company, valued at $2,287,404. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,797 shares of company stock valued at $1,248,237. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Teradyne presently has an average rating of “Hold” and a consensus price target of $111.91.

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.