TimesSquare Capital Management LLC Purchases 61,337 Shares of Teradyne, Inc. (NASDAQ:TER)

TimesSquare Capital Management LLC grew its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 9.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 708,350 shares of the company's stock after purchasing an additional 61,337 shares during the quarter. Teradyne makes up 1.3% of TimesSquare Capital Management LLC's holdings, making the stock its 15th biggest holding. TimesSquare Capital Management LLC owned approximately 0.43% of Teradyne worth $89,195,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TER. Whittier Trust Co. lifted its stake in shares of Teradyne by 10.2% in the third quarter. Whittier Trust Co. now owns 950 shares of the company's stock worth $127,000 after acquiring an additional 88 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Teradyne by 10.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company's stock worth $149,000 after acquiring an additional 103 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Teradyne by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company's stock worth $858,000 after acquiring an additional 104 shares during the period. GAMMA Investing LLC lifted its stake in shares of Teradyne by 3.1% in the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company's stock worth $434,000 after acquiring an additional 105 shares during the period. Finally, TD Private Client Wealth LLC lifted its stake in shares of Teradyne by 0.5% in the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company's stock worth $2,666,000 after acquiring an additional 108 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Down 2.2 %

NASDAQ TER traded down $2.64 on Friday, reaching $115.91. The company had a trading volume of 2,493,646 shares, compared to its average volume of 2,621,018. The stock has a market capitalization of $18.88 billion, a P/E ratio of 34.81, a P/E/G ratio of 2.74 and a beta of 1.45. The company's fifty day moving average is $124.99 and its 200 day moving average is $122.96. Teradyne, Inc. has a 52-week low of $95.80 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. On average, research analysts expect that Teradyne, Inc. will post 3.91 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Friday, February 14th. Teradyne's dividend payout ratio is presently 14.41%.

Teradyne declared that its board has authorized a stock repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TER. KeyCorp cut their price target on Teradyne from $180.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Susquehanna increased their price target on Teradyne from $145.00 to $165.00 and gave the stock a "positive" rating in a report on Wednesday, January 22nd. UBS Group cut their price target on Teradyne from $160.00 to $155.00 and set a "buy" rating on the stock in a report on Friday, January 31st. StockNews.com upgraded Teradyne from a "sell" rating to a "hold" rating in a report on Sunday, October 27th. Finally, Morgan Stanley cut Teradyne from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $143.77.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the firm's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction 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. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Richard John Burns sold 407 shares of the firm's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the sale, the insider now directly owns 20,764 shares of the company's stock, valued at approximately $2,502,269.64. This represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock valued at $1,013,134 in the last ninety days. 0.36% of the stock is currently owned by insiders.

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.