William Blair Investment Management LLC Buys Shares of 775,463 Teradyne, Inc. $TER

William Blair Investment Management LLC purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 775,463 shares of the company’s stock, valued at approximately $106,735,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TER. Arete Wealth Advisors LLC purchased a new position in Teradyne during the third quarter valued at approximately $396,000. Huntington National Bank boosted its holdings in Teradyne by 1.8% in the 3rd quarter. Huntington National Bank now owns 3,566 shares of the company’s stock valued at $491,000 after purchasing an additional 64 shares during the period. Compass Capital Corp MA ADV purchased a new position in shares of Teradyne during the 3rd quarter valued at $188,000. Aster Capital Management DIFC Ltd grew its position in shares of Teradyne by 103.9% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,464 shares of the company’s stock valued at $202,000 after purchasing an additional 746 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new position in shares of Teradyne in the third quarter worth $5,484,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on TER shares. Morgan Stanley set a $306.00 target price on Teradyne in a research report on Wednesday, February 11th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. UBS Group lifted their target price on shares of Teradyne from $200.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Citigroup increased their price target on shares of Teradyne from $215.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Finally, TD Cowen restated a “buy” rating on shares of Teradyne in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus price target of $256.24.

Teradyne Stock Performance

Shares of Teradyne stock opened at $320.03 on Friday. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $344.92. The company has a fifty day moving average of $254.69 and a 200-day moving average of $186.68. The stock has a market capitalization of $50.10 billion, a price-to-earnings ratio of 91.96, a price-to-earnings-growth ratio of 1.98 and a beta of 1.83.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.44. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $970.44 million. During the same period in the previous year, the firm posted $0.95 earnings per share. The firm’s revenue for the quarter was up 43.9% on a year-over-year basis. On average, equities research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, February 13th. Teradyne’s dividend payout ratio (DPR) is presently 14.94%.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the sale, the chief executive officer owned 93,409 shares in the company, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by company insiders.

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.