OVERSEA CHINESE BANKING Corp Ltd Purchases 388,113 Shares of Teradyne, Inc. (NASDAQ:TER)

OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 103.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 763,012 shares of the company's stock after purchasing an additional 388,113 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned about 0.47% of Teradyne worth $63,025,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Teradyne by 966.7% in the 1st quarter. CWM LLC now owns 37,451 shares of the company's stock valued at $3,093,000 after acquiring an additional 33,940 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Teradyne by 14.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 139,507 shares of the company's stock valued at $11,523,000 after acquiring an additional 17,087 shares in the last quarter. New York State Common Retirement Fund grew its position in Teradyne by 1.5% in the 1st quarter. New York State Common Retirement Fund now owns 89,735 shares of the company's stock valued at $7,412,000 after purchasing an additional 1,319 shares during the period. Berbice Capital Management LLC grew its position in Teradyne by 200.0% in the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock valued at $25,000 after purchasing an additional 200 shares during the period. Finally, Xponance Inc. grew its position in Teradyne by 2.0% in the 1st quarter. Xponance Inc. now owns 35,571 shares of the company's stock valued at $2,938,000 after purchasing an additional 708 shares during the period. Institutional investors own 99.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TER. JPMorgan Chase & Co. reduced their price target on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group assumed coverage on shares of Teradyne in a report on Thursday. They set a "sell" rating and a $80.00 price objective on the stock. Susquehanna cut their price objective on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. Cantor Fitzgerald set a $105.00 price objective on shares of Teradyne and gave the stock an "overweight" rating in a report on Tuesday, June 24th. Finally, Morgan Stanley lifted their price objective on shares of Teradyne from $68.00 to $74.00 and gave the stock an "underweight" rating in a report on Wednesday, July 9th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Teradyne has an average rating of "Moderate Buy" and an average target price of $112.50.

Teradyne Stock Down 1.6%

Shares of TER opened at $97.05 on Monday. The business's 50-day moving average price is $84.97 and its 200-day moving average price is $96.40. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21. The stock has a market cap of $15.57 billion, a PE ratio of 27.42, a P/E/G ratio of 4.23 and a beta of 1.70.

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

Teradyne Announces Dividend

The business also recently disclosed 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 0.49%. The ex-dividend date was Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is 13.56%.

Teradyne announced that its Board of Directors has initiated a stock buyback program on Monday, April 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

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.

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