TimesSquare Capital Management LLC Buys 25,370 Shares of Teradyne, Inc. (NASDAQ:TER)

TimesSquare Capital Management LLC raised its stake in Teradyne, Inc. (NASDAQ:TER) by 4.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 647,013 shares of the company’s stock after acquiring an additional 25,370 shares during the quarter. Teradyne makes up 1.3% of TimesSquare Capital Management LLC’s portfolio, making the stock its 21st biggest position. TimesSquare Capital Management LLC’s holdings in Teradyne were worth $86,654,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Teradyne by 0.7% during the first quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock worth $2,078,462,000 after purchasing an additional 135,286 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Teradyne by 1.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock worth $682,597,000 after buying an additional 57,989 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Teradyne by 6.3% in the third quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock valued at $383,501,000 after buying an additional 183,721 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Teradyne by 2.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company’s stock valued at $299,073,000 after buying an additional 47,157 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Teradyne by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 861,030 shares of the company’s stock worth $127,684,000 after acquiring an additional 15,907 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity

In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the transaction, the chief financial officer now owns 35,834 shares in the company, valued at $4,768,072.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $83,000.00. Following the sale, the director now directly owns 15,893 shares in the company, valued at approximately $2,110,590.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now directly owns 35,834 shares in the company, valued at $4,768,072.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,352 shares of company stock valued at $1,899,353 in the last 90 days. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Robert W. Baird dropped their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Evercore ISI raised 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. Craig Hallum decreased their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Citigroup dropped their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Finally, Cantor Fitzgerald upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $142.62.

Teradyne Stock Performance

TER opened at $110.89 on Friday. Teradyne, Inc. has a fifty-two week low of $84.66 and a fifty-two week high of $163.21. The firm has a 50-day moving average of $124.39 and a 200 day moving average of $132.30. The firm has a market cap of $18.06 billion, a P/E ratio of 35.20, a PEG ratio of 2.41 and a beta of 1.52.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. Equities research analysts predict that Teradyne, Inc. will post 3.15 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. Teradyne’s dividend payout ratio is presently 15.24%.

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.