Allianz Asset Management GmbH Has $37.64 Million Position in Teradyne, Inc. (NASDAQ:TER)

Allianz Asset Management GmbH increased its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 40.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 455,738 shares of the company's stock after purchasing an additional 132,252 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.28% of Teradyne worth $37,644,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Summit Global Investments acquired a new position in shares of Teradyne during the 4th quarter worth $214,000. Quantbot Technologies LP increased its stake in shares of Teradyne by 519.8% in the fourth quarter. Quantbot Technologies LP now owns 8,968 shares of the company's stock worth $1,129,000 after purchasing an additional 7,521 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Teradyne during the 4th quarter valued at approximately $6,737,000. Vanguard Group Inc. grew its holdings in Teradyne by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock valued at $2,569,511,000 after buying an additional 92,428 shares during the last quarter. Finally, Congress Wealth Management LLC DE lifted its holdings in shares of Teradyne by 102.9% during the fourth quarter. Congress Wealth Management LLC DE now owns 10,906 shares of the company's stock worth $1,373,000 after buying an additional 5,530 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TER has been the topic of several research analyst reports. Morgan Stanley raised their price target on shares of Teradyne from $68.00 to $74.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 9th. KeyCorp reissued a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Susquehanna cut their target price on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $102.00 price objective (up previously from $88.00) on shares of Teradyne in a research report on Thursday, July 17th. Finally, The Goldman Sachs Group initiated coverage on shares of Teradyne in a research report on Thursday, July 10th. They issued a "sell" rating and a $80.00 price objective for the company. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Teradyne presently has a consensus rating of "Hold" and an average price target of $112.50.

Teradyne Trading Down 1.3%

Teradyne stock traded down $1.18 during trading hours on Friday, reaching $90.15. 3,098,914 shares of the stock were exchanged, compared to its average volume of 3,288,859. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $144.16. The company has a market cap of $14.46 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 4.12 and a beta of 1.70. The stock has a 50 day moving average of $87.48 and a two-hundred day moving average of $94.63.

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

Teradyne Announces Dividend

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

Teradyne announced that its board has authorized a stock buyback program on Monday, April 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 8.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is 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.