QRG Capital Management Inc. Has $2.66 Million Holdings in Teradyne, Inc. (NASDAQ:TER)

QRG Capital Management Inc. boosted its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 68.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of Teradyne during the 4th quarter worth $34,000. AllSquare Wealth Management LLC lifted its stake in shares of Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after purchasing an additional 200 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in Teradyne in the fourth quarter worth $45,000. Atala Financial Inc acquired a new position in Teradyne during the fourth quarter worth $47,000. Finally, Sentry Investment Management LLC acquired a new position in Teradyne during the first quarter worth $45,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Price Performance

TER stock traded down $0.17 on Thursday, reaching $86.26. 3,290,965 shares of the company were exchanged, compared to its average volume of 2,648,530. The stock's fifty day moving average price is $78.91 and its 200 day moving average price is $100.42. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21. The firm has a market capitalization of $13.84 billion, a PE ratio of 24.37, a PEG ratio of 3.78 and a beta of 1.69.

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

Teradyne announced that its board has authorized a share 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 usually an indication that the company's leadership believes its stock is undervalued.

Teradyne Announces Dividend

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

Wall Street Analysts Forecast Growth

TER has been the subject of a number of analyst reports. Cantor Fitzgerald reduced their price target on Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. UBS Group set a $130.00 price objective on Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th. JPMorgan Chase & Co. reduced their target price on Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Citigroup lowered their price target on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Finally, Morgan Stanley dropped their price target on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Two 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $114.67.

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.