Teradyne, Inc. (NASDAQ:TER) Stock Position Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 240,023 shares of the company’s stock after purchasing an additional 1,028 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.15% of Teradyne worth $30,851,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Teradyne during the 3rd quarter valued at $29,000. Coastline Trust Co bought a new position in Teradyne during the third quarter valued at about $46,000. Brooklyn Investment Group acquired a new position in Teradyne during the third quarter worth about $52,000. Quarry LP raised its position in Teradyne by 91.9% in the third quarter. Quarry LP now owns 451 shares of the company’s stock worth $60,000 after acquiring an additional 216 shares in the last quarter. Finally, Eastern Bank acquired a new stake in Teradyne in the 3rd quarter valued at about $67,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of TER opened at $112.61 on Thursday. The business’s 50-day moving average is $125.52 and its 200-day moving average is $124.28. The company has a market capitalization of $18.34 billion, a price-to-earnings ratio of 33.82, a P/E/G ratio of 2.67 and a beta of 1.45. Teradyne, Inc. has a fifty-two week low of $95.80 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Equities research analysts expect that Teradyne, Inc. will post 4.02 earnings per share for the current fiscal year.

Teradyne declared that its Board of Directors has approved a share buyback plan on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.43%. Teradyne’s dividend payout ratio is 14.41%.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sanjay Mehta sold 1,384 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the transaction, the chief financial officer now owns 36,576 shares in the company, valued at $4,077,858.24. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,479 shares of company stock valued at $1,013,134. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TER shares. Stifel Nicolaus lowered their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Cantor Fitzgerald reiterated an “overweight” rating and set a $160.00 price objective on shares of Teradyne in a research report on Thursday, January 30th. JPMorgan Chase & Co. decreased their target price on Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, Evercore ISI upped their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.77.

Teradyne 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.