TimesSquare Capital Management LLC Raises Position in Teradyne, Inc. (NASDAQ:TER)

TimesSquare Capital Management LLC increased its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 647,013 shares of the company's stock after purchasing an additional 25,370 shares during the quarter. Teradyne makes up approximately 1.3% of TimesSquare Capital Management LLC's portfolio, making the stock its 21st largest position. TimesSquare Capital Management LLC owned about 0.40% of Teradyne worth $86,654,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Teradyne during the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in Teradyne in the third quarter valued at approximately $29,000. Rothschild Investment LLC acquired a new position in shares of Teradyne during the second quarter worth approximately $33,000. Quarry LP raised its position in shares of Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company's stock worth $35,000 after purchasing an additional 169 shares during the period. Finally, Tortoise Investment Management LLC grew its holdings in Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company's stock worth $40,000 after buying an additional 118 shares in the last quarter. Institutional investors own 99.77% of the company's stock.

Teradyne Stock Performance

NASDAQ TER traded down $0.75 during trading hours on Friday, reaching $110.89. The company's stock had a trading volume of 1,721,185 shares, compared to its average volume of 2,565,009. Teradyne, Inc. has a fifty-two week low of $84.66 and a fifty-two week high of $163.21. The company's 50-day moving average is $124.39 and its two-hundred day moving average is $132.30. The stock has a market cap of $18.06 billion, a PE ratio of 35.20, a PEG ratio of 2.41 and a beta of 1.52.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts expect that Teradyne, Inc. will post 3.15 earnings per share for the current fiscal year.

Teradyne Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Northland Securities cut their price target on Teradyne from $126.00 to $117.00 and set a "market perform" rating for the company in a research note on Friday, October 25th. Cantor Fitzgerald upgraded Teradyne from a "neutral" rating to an "overweight" rating and set a $160.00 price objective on the stock in a research report on Friday, August 16th. Evercore ISI lifted their price objective on Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Susquehanna boosted their price target on Teradyne from $130.00 to $145.00 and gave the stock a "positive" rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. boosted their price target on Teradyne from $120.00 to $145.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $142.62.

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the transaction, the director now directly owns 16,518 shares of the company's stock, valued at $2,204,987.82. This 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 can be accessed through this link. In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 83,816 shares of the company's stock, valued at approximately $10,896,080. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the sale, the director now directly owns 16,518 shares in the company, valued at approximately $2,204,987.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,352 shares of company stock valued at $1,899,353. 0.36% of the stock is currently owned by company insiders.

Teradyne Company 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.