Mirae Asset Global Investments Co. Ltd. Decreases Position in Teradyne, Inc. $TER

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Teradyne, Inc. (NASDAQ:TER) by 22.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 215,402 shares of the company’s stock after selling 61,600 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Teradyne were worth $29,648,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Teradyne during the 2nd quarter valued at $152,854,000. Federated Hermes Inc. lifted its holdings in shares of Teradyne by 79.7% during the second quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after purchasing an additional 1,679,215 shares in the last quarter. Amundi lifted its holdings in shares of Teradyne by 255.3% during the second quarter. Amundi now owns 1,812,001 shares of the company’s stock valued at $170,654,000 after purchasing an additional 1,302,025 shares in the last quarter. Primecap Management Co. CA boosted its position in shares of Teradyne by 58.6% during the second quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock valued at $274,036,000 after buying an additional 1,125,868 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its holdings in Teradyne by 65.4% in the 2nd quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company’s stock worth $194,770,000 after buying an additional 856,540 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TER has been the topic of a number of recent analyst reports. Robert W. Baird set a $195.00 price target on shares of Teradyne in a report on Friday, October 31st. Zacks Research cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. The Goldman Sachs Group upgraded shares of Teradyne from a “sell” rating to a “buy” rating and boosted their target price for the company from $148.00 to $230.00 in a research note on Monday, December 15th. Stifel Nicolaus increased their price target on Teradyne from $225.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.75.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the sale, the chief executive officer owned 93,409 shares in the company, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Teradyne Price Performance

Shares of TER stock opened at $251.87 on Friday. The company has a market cap of $39.45 billion, a price-to-earnings ratio of 91.59, a PEG ratio of 1.80 and a beta of 1.84. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $253.61. The firm has a fifty day moving average price of $205.98 and a 200-day moving average price of $156.10.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The company had revenue of $769.21 million for the quarter, compared to the consensus estimate of $744.20 million. During the same period in the previous year, the business earned $0.90 earnings per share. Teradyne’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s payout ratio is 17.45%.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.