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

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Teradyne, Inc. (NASDAQ:TER) by 22.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 215,402 shares of the company’s stock after selling 61,600 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.14% of Teradyne worth $29,648,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in shares of Teradyne by 3.0% during the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock valued at $442,413,000 after acquiring an additional 143,058 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Teradyne by 79.7% in the second quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock worth $340,353,000 after purchasing an additional 1,679,215 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Teradyne by 11.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock valued at $490,134,000 after purchasing an additional 354,876 shares during the period. Primecap Management Co. CA raised its position in Teradyne by 58.6% during the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock valued at $274,036,000 after purchasing an additional 1,125,868 shares during the last quarter. Finally, Invesco Ltd. raised its position in Teradyne by 2.5% during the 2nd quarter. Invesco Ltd. now owns 2,859,466 shares of the company’s stock valued at $257,123,000 after purchasing an additional 68,568 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the sale, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TER. Robert W. Baird set a $195.00 price objective on Teradyne in a research report on Friday, October 31st. Bank of America lifted their price target on shares of Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Citigroup upped their price objective on shares of Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Northland Securities set a $186.00 target price on shares of Teradyne in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.75.

Teradyne Price Performance

Shares of Teradyne stock opened at $251.87 on Friday. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $253.61. The firm 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. The company has a 50-day moving average of $205.98 and a 200 day moving average of $156.10.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The business had revenue of $769.21 million for the quarter, compared to analysts’ expectations of $744.20 million. During the same quarter in the prior year, the company earned $0.90 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate 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 given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, February 13th. Teradyne’s dividend payout ratio (DPR) 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.