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

TimesSquare Capital Management LLC grew its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 17.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 757,448 shares of the company’s stock after purchasing an additional 112,225 shares during the period. Teradyne makes up 1.2% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 25th largest holding. TimesSquare Capital Management LLC’s holdings in Teradyne were worth $82,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Everpar Advisors LLC purchased a new stake in shares of Teradyne in the fourth quarter worth $942,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Teradyne by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 857,815 shares of the company’s stock worth $93,090,000 after acquiring an additional 21,651 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of Teradyne in the 4th quarter worth $206,000. Private Advisor Group LLC raised its stake in shares of Teradyne by 30.5% in the fourth quarter. Private Advisor Group LLC now owns 3,575 shares of the company’s stock worth $388,000 after buying an additional 835 shares during the period. Finally, Channing Capital Management LLC purchased a new position in shares of Teradyne during the 4th quarter valued at about $8,965,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In other news, CFO Sanjay Mehta sold 3,750 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the sale, the chief financial officer now owns 41,902 shares in the company, valued at approximately $5,030,754.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the sale, the director now directly owns 17,142 shares in the company, valued at $2,077,610.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 3,750 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the transaction, the chief financial officer now owns 41,902 shares in the company, valued at $5,030,754.12. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Teradyne Trading Up 1.8 %

Shares of TER stock traded up $2.18 during trading hours on Thursday, reaching $122.61. 1,927,036 shares of the stock were exchanged, compared to its average volume of 1,971,914. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $123.65. The firm has a market capitalization of $18.76 billion, a price-to-earnings ratio of 45.79 and a beta of 1.50. The company’s 50-day moving average price is $108.46 and its 200-day moving average price is $101.82.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The company had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. Teradyne’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. On average, sell-side analysts expect that Teradyne, Inc. will post 2.99 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on TER. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price target on shares of Teradyne in a report on Thursday, April 25th. Robert W. Baird upped their target price on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. The Goldman Sachs Group boosted their price objective on Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Evercore ISI started coverage on Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 target price on the stock. Finally, Susquehanna lifted their price objective on shares of Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $117.83.

About Teradyne

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.