QRG Capital Management Inc. Acquires 13,021 Shares of Teradyne, Inc. (NASDAQ:TER)

QRG Capital Management Inc. increased its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 68.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 32,150 shares of the company's stock after purchasing an additional 13,021 shares during the period. QRG Capital Management Inc.'s holdings in Teradyne were worth $2,656,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. State of New Jersey Common Pension Fund D lifted its holdings in shares of Teradyne by 2.1% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 56,966 shares of the company's stock worth $7,173,000 after buying an additional 1,172 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Teradyne by 3.8% in the 4th quarter. Sanctuary Advisors LLC now owns 25,448 shares of the company's stock valued at $2,929,000 after acquiring an additional 942 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Teradyne by 4.6% in the 4th quarter. CIBC Asset Management Inc now owns 24,515 shares of the company's stock valued at $3,087,000 after acquiring an additional 1,076 shares in the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in Teradyne in the 4th quarter valued at approximately $4,533,000. Finally, TimesSquare Capital Management LLC raised its stake in shares of Teradyne by 9.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 708,350 shares of the company's stock valued at $89,195,000 after purchasing an additional 61,337 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. UBS Group set a $130.00 price objective on shares of Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th. Vertical Research started coverage on Teradyne in a report on Friday, March 7th. They issued a "buy" rating and a $135.00 target price for the company. Morgan Stanley dropped their target price on Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Robert W. Baird dropped their price objective on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Finally, Citigroup dropped their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Teradyne has an average rating of "Moderate Buy" and an average target price of $114.67.

Teradyne Price Performance

TER stock traded up $0.03 during midday trading on Friday, reaching $86.29. The company had a trading volume of 6,559,880 shares, compared to its average volume of 2,647,482. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 3.77 and a beta of 1.69. The stock has a 50 day moving average price of $79.44 and a 200-day moving average price of $99.92. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.14. The company had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. The company'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. As a group, research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

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

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, May 22nd. Teradyne's dividend payout ratio (DPR) is currently 13.56%.

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.