MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Position in Teradyne, Inc. (NASDAQ:TER)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 51.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,541 shares of the company's stock after acquiring an additional 41,512 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.08% of Teradyne worth $15,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Teradyne during the fourth quarter valued at about $270,989,000. Van ECK Associates Corp raised its position in shares of Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after acquiring an additional 1,846,079 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Teradyne in the fourth quarter worth approximately $160,087,000. 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 valued at $608,025,000 after acquiring an additional 1,065,474 shares during the period. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Teradyne by 142.6% during the fourth 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. Institutional investors and hedge funds own 99.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TER shares. Northland Securities dropped their price target on Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Bank of America reduced their price target on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research report on Wednesday, March 12th. UBS Group set a $130.00 price target on shares of Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th. Robert W. Baird lowered their price objective on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Finally, Cantor Fitzgerald reduced their price objective on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $117.56.

Teradyne Stock Up 0.1%

TER stock traded up $0.04 during trading on Wednesday, reaching $81.46. The stock had a trading volume of 233,399 shares, compared to its average volume of 2,579,079. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 24.40, a P/E/G ratio of 2.83 and a beta of 1.70. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21. The company's 50 day moving average is $78.78 and its two-hundred day moving average is $103.97.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.14. The company had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Teradyne's quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. As a group, research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Thursday, May 22nd. Teradyne's payout ratio is 13.56%.

Teradyne declared that its board has authorized a stock buyback plan on Monday, April 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board 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.