Mutual of America Capital Management LLC Has $2.46 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Mutual of America Capital Management LLC decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,508 shares of the company’s stock after selling 581 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Teradyne were worth $2,456,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Capital Performance Advisors LLP acquired a new position in Teradyne during the third quarter worth $29,000. Compass Financial Services Inc bought a new stake in shares of Teradyne during the 4th quarter worth about $33,000. Manchester Capital Management LLC increased its holdings in shares of Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 227 shares during the last quarter. Coastline Trust Co bought a new position in shares of Teradyne in the 3rd quarter valued at approximately $46,000. Finally, Brooklyn Investment Group acquired a new stake in Teradyne in the 3rd quarter worth approximately $52,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of TER stock opened at $108.54 on Friday. Teradyne, Inc. has a one year low of $95.80 and a one year high of $163.21. The stock has a fifty day moving average price of $121.70 and a 200 day moving average price of $122.06. The stock has a market cap of $17.55 billion, a P/E ratio of 32.59, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Equities research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne announced that its board has authorized a share buyback plan on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.44%. Teradyne’s payout ratio is presently 14.41%.

Insider Transactions at Teradyne

In related news, CFO Sanjay Mehta sold 614 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $62,628.00. Following the completion of the sale, the chief financial officer now owns 30,446 shares in the company, valued at $3,105,492. This trade represents a 1.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Ryan Driscoll sold 437 shares of Teradyne stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $44,574.00. Following the transaction, the vice president now directly owns 4,312 shares of the company’s stock, valued at $439,824. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,479 shares of company stock valued at $1,013,134. Corporate insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on TER shares. UBS Group lowered their price target on Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 target price on shares of Teradyne in a report on Thursday, January 30th. KeyCorp decreased their price target on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Susquehanna raised their price target on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley cut Teradyne from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.14.

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.