BAILLIE GIFFORD & COMPANY

recently revealed that they own 4.6% of Teradyne, Inc. (NYSE:TER) in a Form 13G/A disclosure that was filed with the Securities and Exchange Commission on Monday, August 7th. The investor owns 9,124,422 shares of the stock valued at $305,303,160. The disclosure is available through EDGAR at this hyperlink.

BAILLIE GIFFORD & COMPANY

provided the following explanation of their ownership:

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A number of other institutional investors also recently modified their holdings of TER. Quadrant Capital Group LLC increased its position in shares of Teradyne by 3.0% in the first quarter. Quadrant Capital Group LLC now owns 3,477 shares of the semiconductor company’s stock worth $106,000 after buying an additional 101 shares during the last quarter. Segantii Capital Management Ltd bought a new position in shares of Teradyne during the first quarter worth approximately $121,000. SpiderRock Advisors LLC bought a new position in shares of Teradyne during the first quarter worth approximately $132,000. TrimTabs Asset Management LLC bought a new position in shares of Teradyne during the first quarter worth approximately $141,000. Finally, IFP Advisors Inc increased its position in shares of Teradyne by 305.2% in the first quarter. IFP Advisors Inc now owns 4,595 shares of the semiconductor company’s stock worth $143,000 after buying an additional 3,461 shares during the last quarter. Institutional investors own 93.72% of the company’s stock.

Shares of Teradyne, Inc. (NYSE TER) opened at 33.46 on Monday. Teradyne, Inc. has a 12-month low of $19.73 and a 12-month high of $36.86. The company has a market cap of $6.65 billion, a PE ratio of 17.27 and a beta of 0.95. The stock’s 50 day moving average price is $33.01 and its 200-day moving average price is $31.87.

Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. The firm had revenue of $697 million for the quarter, compared to analysts’ expectations of $683.66 million. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. On average, equities research analysts forecast that Teradyne, Inc. will post $1.97 earnings per share for the current year.

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TER has been the subject of a number of research reports. ValuEngine upgraded Teradyne from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Needham & Company LLC lifted their target price on Teradyne from $32.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Deutsche Bank AG lifted their target price on Teradyne from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, April 24th. BidaskClub downgraded Teradyne from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Stifel Nicolaus upgraded Teradyne from a “hold” rating to a “buy” rating and lifted their target price for the company from $32.00 to $39.00 in a research note on Wednesday, July 5th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $35.70.

In other Teradyne news, Director Michael A. Bradley sold 9,235 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $35.32, for a total transaction of $326,180.20. Following the sale, the director now directly owns 195,405 shares of the company’s stock, valued at $6,901,704.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel W. Christman sold 3,232 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $35.65, for a total transaction of $115,220.80. Following the sale, the director now directly owns 30,163 shares in the company, valued at $1,075,310.95. The disclosure for this sale can be found here. Insiders have sold 66,359 shares of company stock worth $2,305,871 over the last ninety days. Insiders own 0.62% of the company’s stock.

Teradyne Company Profile

Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.

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Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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