UBS Group AG Purchases 223,918 Shares of Teradyne, Inc. (NASDAQ:TER)

UBS Group AG lifted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 61.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 587,422 shares of the company’s stock after purchasing an additional 223,918 shares during the quarter. UBS Group AG’s holdings in Teradyne were worth $71,478,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Elo Mutual Pension Insurance Co raised its position in Teradyne by 1.5% in the 1st quarter. Elo Mutual Pension Insurance Co now owns 11,980 shares of the company’s stock worth $1,458,000 after purchasing an additional 175 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of Teradyne by 560.8% in the first quarter. Mercer Global Advisors Inc. ADV now owns 51,817 shares of the company’s stock valued at $6,305,000 after acquiring an additional 43,975 shares during the period. First Horizon Advisors Inc. increased its position in shares of Teradyne by 16.6% during the first quarter. First Horizon Advisors Inc. now owns 1,347 shares of the company’s stock valued at $163,000 after buying an additional 192 shares during the period. First National Bank of South Miami increased its position in shares of Teradyne by 20.8% during the first quarter. First National Bank of South Miami now owns 1,000 shares of the company’s stock valued at $122,000 after buying an additional 172 shares during the period. Finally, Davy Global Fund Management Ltd increased its position in shares of Teradyne by 3.4% during the first quarter. Davy Global Fund Management Ltd now owns 28,400 shares of the company’s stock valued at $3,456,000 after buying an additional 930 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:TER opened at $127.87 on Friday. The stock’s 50-day simple moving average is $127.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.64 and a quick ratio of 3.26. Teradyne, Inc. has a 1 year low of $70.06 and a 1 year high of $147.90. The stock has a market capitalization of $21.26 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 1.76 and a beta of 1.28.

Teradyne (NASDAQ:TER) last released its earnings results on Tuesday, April 27th. The company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.06. Teradyne had a net margin of 25.43% and a return on equity of 39.86%. The firm had revenue of $782.00 million for the quarter, compared to analyst estimates of $760.43 million. During the same period in the prior year, the firm earned $1.00 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that Teradyne, Inc. will post 5.29 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 18th. Shareholders of record on Wednesday, May 26th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 25th. This represents a $0.40 annualized dividend and a yield of 0.31%. Teradyne’s dividend payout ratio is currently 8.66%.

In other news, CEO Mark E. Jagiela sold 90,545 shares of the stock in a transaction that occurred on Thursday, March 18th. The stock was sold at an average price of $114.38, for a total value of $10,356,537.10. Following the completion of the sale, the chief executive officer now directly owns 281,413 shares of the company’s stock, valued at $32,188,018.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

TER has been the topic of several research reports. Credit Suisse Group boosted their price objective on shares of Teradyne from $125.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, April 29th. Rosenblatt Securities boosted their price objective on shares of Teradyne from $158.00 to $180.00 and gave the company a “buy” rating in a report on Friday, April 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Teradyne from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 29th. Finally, Morgan Stanley increased their price objective on shares of Teradyne from $138.00 to $148.00 and gave the stock an “overweight” rating in a research note on Thursday, April 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Teradyne has a consensus rating of “Buy” and an average price target of $127.56.

About Teradyne

Teradyne, Inc engages in the development and sale of self automatic test systems. It operates through the following segments: Semiconductor Test, Industrial Automation, System Test, and Wireless Test. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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