Elo Mutual Pension Insurance Co Has $2.08 Million Stake in Teradyne, Inc. (NASDAQ:TER)

Elo Mutual Pension Insurance Co lifted its stake in Teradyne, Inc. (NASDAQ:TER) by 19.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,511 shares of the company’s stock after acquiring an additional 2,644 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Teradyne were worth $2,079,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TER. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Teradyne by 12.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 251,596 shares of the company’s stock worth $32,858,000 after acquiring an additional 28,650 shares during the last quarter. Parametrica Management Ltd lifted its position in shares of Teradyne by 59.6% during the 4th quarter. Parametrica Management Ltd now owns 2,640 shares of the company’s stock worth $332,000 after purchasing an additional 986 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in Teradyne during the 4th quarter valued at approximately $45,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Teradyne by 5.6% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 111,848 shares of the company’s stock valued at $14,084,000 after buying an additional 5,892 shares during the last quarter. Finally, Keystone Investors PTE Ltd. bought a new position in Teradyne in the 4th quarter worth approximately $41,161,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup lowered their price objective on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Cantor Fitzgerald decreased their price target on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. UBS Group set a $130.00 price objective on shares of Teradyne and gave the company a “buy” rating in a research report on Wednesday, March 12th. Morgan Stanley decreased their target price on Teradyne from $112.00 to $81.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. Finally, KeyCorp cut their price target on Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.44.

Teradyne Stock Performance

TER opened at $82.78 on Friday. The firm has a market cap of $13.39 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.83 and a beta of 1.46. The firm’s 50-day simple moving average is $107.90 and its 200-day simple moving average is $117.43. Teradyne, Inc. has a twelve month low of $82.47 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. Teradyne’s dividend payout ratio is 14.41%.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the completion of the transaction, the chief financial officer now directly owns 33,308 shares of the company’s stock, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,479 shares of company stock worth $1,013,134. 0.18% of the stock is currently owned by 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.