Mirae Asset Global Investments Co. Ltd. Grows Stock Position in Teradyne, Inc. (NASDAQ:TER)

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 11.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 267,908 shares of the company's stock after acquiring an additional 27,885 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.17% of Teradyne worth $22,177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Teradyne by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock valued at $2,569,511,000 after buying an additional 92,428 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Teradyne by 28.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock valued at $608,025,000 after purchasing an additional 1,065,474 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Teradyne by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock valued at $515,665,000 after buying an additional 94,374 shares during the last quarter. Aspex Management HK Ltd increased its holdings in Teradyne by 35.5% in the 4th quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company's stock worth $407,331,000 after buying an additional 847,409 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Teradyne by 4.0% during the fourth quarter. Invesco Ltd. now owns 2,403,193 shares of the company's stock valued at $302,610,000 after purchasing an additional 92,195 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TER shares. TD Cowen dropped their price objective on Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Stifel Nicolaus lowered their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. UBS Group set a $130.00 price objective on shares of Teradyne and gave the stock a "buy" rating in a research note on Wednesday, March 12th. JPMorgan Chase & Co. cut their target price on Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Citigroup decreased their price target on Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $114.33.

Teradyne Stock Up 2.3%

Shares of NASDAQ TER traded up $2.12 during trading hours on Wednesday, hitting $94.04. 2,906,499 shares of the stock were exchanged, compared to its average volume of 2,712,757. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The firm has a fifty day moving average price of $82.01 and a 200-day moving average price of $98.51. The company has a market cap of $15.09 billion, a PE ratio of 26.57, a PEG ratio of 3.93 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.61 by $0.14. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. The firm had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. During the same quarter in the prior year, the business posted $0.51 EPS. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, equities analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne declared that its Board of Directors has authorized a share repurchase plan on Monday, April 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Thursday, May 22nd. Teradyne's payout ratio is 13.56%.

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.