Teradyne, Inc. (NASDAQ:TER) Shares Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC boosted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 708,350 shares of the company’s stock after acquiring an additional 61,337 shares during the period. Teradyne accounts for approximately 1.3% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 15th biggest position. TimesSquare Capital Management LLC’s holdings in Teradyne were worth $89,195,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Peregrine Capital Management LLC raised its stake in Teradyne by 1.8% during the 4th quarter. Peregrine Capital Management LLC now owns 79,006 shares of the company’s stock worth $9,948,000 after acquiring an additional 1,411 shares in the last quarter. Kornitzer Capital Management Inc. KS acquired a new stake in Teradyne during the 4th quarter worth $4,533,000. CIBC Asset Management Inc raised its stake in Teradyne by 4.6% during the 4th quarter. CIBC Asset Management Inc now owns 24,515 shares of the company’s stock worth $3,087,000 after acquiring an additional 1,076 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Teradyne by 3.8% during the 4th quarter. Sanctuary Advisors LLC now owns 25,448 shares of the company’s stock worth $2,929,000 after acquiring an additional 942 shares in the last quarter. Finally, FengHe Fund Management Pte. Ltd. acquired a new stake in Teradyne during the 4th quarter worth $14,531,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 1.6 %

Shares of NASDAQ:TER opened at $115.08 on Wednesday. The company has a market cap of $18.74 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 2.68 and a beta of 1.45. The firm’s 50-day simple moving average is $125.27 and its 200-day simple moving average is $123.04. Teradyne, Inc. has a fifty-two week low of $95.80 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS 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%. On average, research analysts forecast that Teradyne, Inc. will post 3.91 EPS for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is 14.41%.

Teradyne declared that its board has authorized a share repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Stifel Nicolaus cut their price target 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. Cantor Fitzgerald reiterated an “overweight” rating and set a $160.00 price target on shares of Teradyne in a research note on Thursday, January 30th. Robert W. Baird lowered their price objective 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. Craig Hallum lowered their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Finally, Susquehanna raised their price objective on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.77.

Insiders Place Their Bets

In other Teradyne news, CFO Sanjay Mehta sold 614 shares of Teradyne stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $62,628.00. Following the completion of the transaction, the chief financial officer now owns 30,446 shares in the company, valued at approximately $3,105,492. The trade was a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard John Burns sold 445 shares of Teradyne stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $49,613.05. Following the transaction, the insider now owns 25,191 shares of the company’s stock, valued at approximately $2,808,544.59. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,479 shares of company stock worth $1,013,134. Insiders own 0.18% of the company’s stock.

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.