Windward Capital Management Co. CA Has $19.31 Million Stock Position in Teradyne, Inc. $TER

Key Points

• Windward Capital trimmed its stake in Teradyne by 3.3% to 99,757 shares (about $19.31 million), representing roughly 0.06% of the company and its 19th-largest holding.
• Teradyne delivered a strong quarter—EPS $1.80 vs. $1.36 expected and revenue $1.08B (up 43.9% YoY)—and trades near its 52-week high with a market cap of about $62.8B and a P/E around 115.
• Institutional ownership is about 99.77%, with large managers (ARK, Assenagon, Nordea) substantially increasing positions; analysts' consensus is a "Moderate Buy" with a $314.53 target, though individual targets range up to $400.

Windward Capital Management Co. CA lessened its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,757 shares of the company's stock after selling 3,393 shares during the period. Teradyne comprises 1.5% of Windward Capital Management Co. CA's holdings, making the stock its 19th biggest holding. Windward Capital Management Co. CA owned approximately 0.06% of Teradyne worth $19,309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. ARK Investment Management LLC increased its holdings in Teradyne by 25.2% in the 3rd quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company's stock worth $374,701,000 after purchasing an additional 548,140 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Teradyne by 3,233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company's stock worth $176,144,000 after purchasing an additional 882,723 shares during the last quarter. Aspen Wealth Strategies LLC acquired a new position in shares of Teradyne in the third quarter valued at approximately $577,000. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Teradyne by 9.2% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company's stock valued at $12,542,000 after buying an additional 7,648 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Teradyne by 656.4% in the 4th quarter. Nordea Investment Management AB now owns 125,312 shares of the company's stock valued at $24,554,000 after buying an additional 108,745 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Performance

Shares of TER stock opened at $400.99 on Friday. The company has a market cap of $62.78 billion, a P/E ratio of 115.23, a PEG ratio of 2.31 and a beta of 1.79. The stock has a 50 day simple moving average of $323.40 and a two-hundred day simple moving average of $241.10. Teradyne, Inc. has a fifty-two week low of $71.27 and a fifty-two week high of $404.83.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.44. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The firm's revenue was up 43.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. On average, research analysts predict that Teradyne, Inc. will post 6.12 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, February 13th. Teradyne's dividend payout ratio (DPR) is currently 14.94%.

Analyst Upgrades and Downgrades

TER has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of Teradyne from $305.00 to $332.00 and gave the stock an "outperform" rating in a report on Monday, March 30th. Bank of America lifted their price target on shares of Teradyne from $250.00 to $260.00 and gave the stock a "buy" rating in a report on Thursday, January 22nd. Vertical Research cut shares of Teradyne from a "buy" rating to a "hold" rating and set a $220.00 price objective on the stock. in a research note on Friday, January 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Teradyne in a research report on Tuesday. Finally, Cantor Fitzgerald lifted their target price on Teradyne from $330.00 to $400.00 and gave the stock an "overweight" rating in a report on Thursday, April 9th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $314.53.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company's product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.

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