In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Teradyne Inc (NYSE:TER) reported that Baillie Gifford & Co has picked up 9,124,412 of common stock as of 2017-08-07.
The acquisition brings the aggregate amount owned by Baillie Gifford & Co to a total of 9,124,412 representing a 4.59% in the company.
For those not familiar with the company, 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. Its segments include Semiconductor Test, which includes operations related to the design, manufacturing and marketing of semiconductor test products and services; System Test, which includes operations related to the design, manufacturing and marketing of products and services for defense/aerospace instrumentation test, storage test and circuit-board test; Wireless Test, which includes operations related to the design, manufacturing and marketing of wireless test products and services, and Industrial Automation, which includes operations related to the design, manufacturing and marketing of collaborative robots.
A glance at Teradyne Inc (NYSE:TER)’s key stats reveals a current market capitalization of 6.73B based on 199.60M shares outstanding and a price at last close of $33.85 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2008-12-01, Gillis picked up 6,688 at a purchase price of $3.36 per share.This brings their total holding to 36,398 as of the date of the filing.
On the sell side, the most recent transaction saw Jagiela unload 30,000 shares at a sale price of $34.50. This brings their total holding to 248,413.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Teradyne Inc (NYSE:TER) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.