Mutual of America Capital Management LLC Reduces Stock Position in Teradyne, Inc. (NASDAQ:TER)

Mutual of America Capital Management LLC lessened its holdings in Teradyne, Inc. (NASDAQ:TER) by 22.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,451 shares of the company’s stock after selling 9,522 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Teradyne were worth $3,661,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Daiwa Securities Group Inc. increased its holdings in Teradyne by 5.3% in the first quarter. Daiwa Securities Group Inc. now owns 17,782 shares of the company’s stock valued at $2,006,000 after buying an additional 900 shares during the last quarter. Nordea Investment Management AB boosted its stake in Teradyne by 14.6% in the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock valued at $342,178,000 after acquiring an additional 385,115 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Teradyne in the first quarter valued at $218,000. BNP Paribas acquired a new position in Teradyne in the first quarter valued at $996,000. Finally, Janney Montgomery Scott LLC boosted its stake in Teradyne by 8.2% in the first quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock valued at $21,295,000 after acquiring an additional 14,272 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Down 2.7 %

NASDAQ TER opened at $154.80 on Friday. The stock has a market capitalization of $24.17 billion, a P/E ratio of 58.86, a P/E/G ratio of 3.00 and a beta of 1.50. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $161.22. The firm has a 50-day moving average price of $141.80 and a 200 day moving average price of $118.08.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. During the same period in the prior year, the company posted $0.55 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities research analysts expect that Teradyne, Inc. will post 3.04 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were issued a $0.12 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a yield of 0.31%. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Insider Buying and Selling at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the transaction, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the completion of the transaction, the director now directly owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sanjay Mehta sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the transaction, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,005 shares of company stock valued at $1,304,763. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Evercore ISI assumed coverage on shares of Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price objective for the company. KeyCorp upped their price objective on shares of Teradyne from $140.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. UBS Group increased their target price on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 target price on shares of Teradyne in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

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.