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

Mirae Asset Global Investments Co. Ltd. grew its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 267,908 shares of the company's stock after purchasing an additional 27,885 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.17% of Teradyne worth $22,177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Strategic Investment Solutions Inc. IL acquired a new stake in Teradyne in the 4th quarter valued at about $34,000. AllSquare Wealth Management LLC raised its holdings in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after purchasing an additional 200 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of Teradyne during the fourth quarter worth $45,000. Sentry Investment Management LLC acquired a new position in shares of Teradyne in the 1st quarter valued at $45,000. Finally, Atala Financial Inc acquired a new stake in Teradyne during the 4th quarter worth $47,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Trading Down 0.5%

TER stock traded down $0.43 during midday trading on Monday, hitting $89.92. The stock had a trading volume of 1,932,468 shares, compared to its average volume of 2,696,077. The business has a fifty day moving average price of $81.20 and a two-hundred day moving average price of $98.79. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21. The firm has a market cap of $14.42 billion, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 3.95 and a beta of 1.69.

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

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Thursday, May 22nd. Teradyne's payout ratio is currently 13.56%.

Teradyne announced that its Board of Directors has authorized a share repurchase plan on Monday, April 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

TER has been the subject of a number of analyst reports. Cantor Fitzgerald set a $105.00 price objective on shares of Teradyne and gave the company an "overweight" rating in a research report on Tuesday, June 24th. Bank of America reduced their target price on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. Susquehanna decreased their target price on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus decreased their price objective on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. lowered their price objective on Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $114.33.

Teradyne Company 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.