TimesSquare Capital Management LLC Has $82.20 Million Holdings in Teradyne, Inc. (NASDAQ:TER)

TimesSquare Capital Management LLC increased its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 17.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 757,448 shares of the company's stock after purchasing an additional 112,225 shares during the period. Teradyne comprises about 1.2% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 25th biggest holding. TimesSquare Capital Management LLC owned 0.50% of Teradyne worth $82,198,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Teradyne by 3.9% during the third quarter. FMR LLC now owns 11,533,715 shares of the company's stock worth $1,158,677,000 after acquiring an additional 437,054 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Teradyne by 2.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company's stock valued at $445,254,000 after buying an additional 106,848 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Teradyne by 26.9% in the 4th quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company's stock valued at $473,265,000 after purchasing an additional 923,612 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Teradyne by 4.6% in the third quarter. Nordea Investment Management AB now owns 3,177,256 shares of the company's stock worth $321,062,000 after purchasing an additional 140,579 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Teradyne by 24.4% during the third quarter. Invesco Ltd. now owns 2,427,501 shares of the company's stock valued at $243,867,000 after buying an additional 476,763 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TER shares. Robert W. Baird upped their price objective on shares of Teradyne from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. The Goldman Sachs Group raised their target price on Teradyne from $107.00 to $118.00 and gave the stock a "neutral" rating in a research report on Friday, April 26th. Cantor Fitzgerald restated a "neutral" rating and issued a $110.00 price objective on shares of Teradyne in a research note on Thursday, April 25th. JPMorgan Chase & Co. upped their target price on shares of Teradyne from $100.00 to $110.00 and gave the company a "neutral" rating in a research note on Thursday, April 11th. Finally, Susquehanna upped their price objective on Teradyne from $125.00 to $130.00 and gave the company a "positive" rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $117.83.

Insider Transactions at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of the business's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $121.20, for a total transaction of $75,750.00. Following the transaction, the director now directly owns 17,142 shares in the company, valued at $2,077,610.40. The sale was disclosed in a filing with the SEC, which is available through this link. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the company's stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $121.20, for a total value of $75,750.00. Following the sale, the director now owns 17,142 shares in the company, valued at $2,077,610.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 3,750 shares of the company's stock in a transaction on 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 transaction, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Teradyne Stock Performance

NASDAQ:TER traded up $2.18 on Thursday, reaching $122.61. The company's stock had a trading volume of 1,927,036 shares, compared to its average volume of 1,971,914. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $123.65. The firm has a market cap of $18.76 billion, a PE ratio of 45.79 and a beta of 1.50. The business's 50-day moving average price is $108.46 and its two-hundred day moving average price is $101.82.

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

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.

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