Mizuho Securities USA LLC Has $1.08 Million Position in Teradyne, Inc. (NASDAQ:TER)

Key Points

• Mizuho Securities USA LLC has reduced its stake in Teradyne, Inc. by 15.5%, now holding shares worth approximately $1.08 million.
• The company's shares have received mixed ratings from analysts, with one firm issuing a "buy" rating and a target price increase to $130.00, while another downgraded it to "sell."
• Teradyne has approved a $1 billion share buyback plan, indicating confidence in its stock's value amidst a reporting period that showed a revenue decline of 10.7% year-over-year.

Mizuho Securities USA LLC trimmed its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,040 shares of the company's stock after selling 2,396 shares during the quarter. Mizuho Securities USA LLC's holdings in Teradyne were worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Federated Hermes Inc. raised its holdings in Teradyne by 188.8% in the 1st quarter. Federated Hermes Inc. now owns 2,105,852 shares of the company's stock worth $173,943,000 after acquiring an additional 1,376,631 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Teradyne by 28.3% during the 4th quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock worth $608,025,000 after purchasing an additional 1,065,474 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Teradyne by 142.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company's stock valued at $191,718,000 after purchasing an additional 894,849 shares during the period. Aspex Management HK Ltd grew 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 valued at $407,331,000 after buying an additional 847,409 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Teradyne by 2.5% during the first quarter. Vanguard Group Inc. now owns 20,922,231 shares of the company's stock worth $1,728,176,000 after buying an additional 516,332 shares during the last quarter. Institutional investors own 99.77% of the company's stock.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 554 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $106.00, for a total value of $58,724.00. Following the transaction, the chief executive officer owned 96,993 shares in the company, valued at $10,281,258. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.16% of the company's stock.

Teradyne Trading Down 1.9%

NASDAQ TER traded down $2.19 on Thursday, hitting $111.82. 2,428,914 shares of the company were exchanged, compared to its average volume of 4,877,156. The company has a market cap of $17.79 billion, a P/E ratio of 38.69, a P/E/G ratio of 2.39 and a beta of 1.72. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $144.16. The firm has a 50 day moving average of $94.73 and a two-hundred day moving average of $91.54.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.03. The company had revenue of $651.80 million for the quarter, compared to analyst estimates of $649.02 million. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. Teradyne's quarterly revenue was down 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 earnings per share. Research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne announced that its Board of Directors has approved a stock repurchase plan on Monday, April 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

TER has been the topic of several research analyst reports. Susquehanna lowered their price objective on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research note on Wednesday, April 30th. Cowen reiterated a "buy" rating on shares of Teradyne in a research note on Wednesday, July 30th. KeyCorp reiterated a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. Stifel Nicolaus raised their target price on Teradyne from $85.00 to $100.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Finally, UBS Group reissued a "buy" rating and issued a $130.00 price target (up previously from $120.00) on shares of Teradyne in a report on Thursday, July 31st. Three research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $114.44.

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.