Vanguard Amends Teradyne Stake, Maintains Passive Position
Ticker: TER · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 97210
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, teradyne
TL;DR
**Vanguard still owns a big chunk of Teradyne, signaling continued institutional interest.**
AI Summary
The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership of Teradyne Inc. (TER) common stock as of December 29, 2023. This filing indicates that Vanguard holds a significant, though passive, stake in Teradyne, a company specializing in instruments for measuring and testing electrical signals. For investors, this means a large, stable institutional investor maintains confidence in Teradyne, which can signal long-term stability and potentially influence other institutional buying.
Why It Matters
This filing shows that a major institutional investor, The Vanguard Group, continues to hold a substantial, passive stake in Teradyne Inc., which can be a vote of confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate significant risk or change in company control.
Analyst Insight
A smart investor would note Vanguard's continued passive stake as a sign of long-term institutional confidence in Teradyne, but recognize this filing doesn't suggest any immediate catalysts or changes in company direction.
Key Players & Entities
- The Vanguard Group (company) — reporting person and institutional investor
- Teradyne Inc. (company) — subject company, manufacturer of test equipment
- December 29, 2023 (date) — date of event requiring the filing
- February 13, 2024 (date) — filing date of the SC 13G/A
- 880770102 (number) — CUSIP Number for Teradyne Inc. Common Stock
Forward-Looking Statements
- Vanguard will maintain a passive investment strategy in Teradyne Inc. for the foreseeable future. (The Vanguard Group) — high confidence, target: 2025-12-31
- Teradyne Inc. will continue to be a component of various Vanguard index funds. (Teradyne Inc.) — high confidence, target: 2025-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is The Vanguard Group, with an I.R.S. Identification No. of 23-1945930 and organized in Pennsylvania.
What is the subject company of this filing?
The subject company is Teradyne Inc., with a CIK of 0000097210 and CUSIP Number 880770102 for its Common Stock.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 29, 2023.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed pursuant to Rule 13d-1(b).
Filing Stats: 807 words · 3 min read · ~3 pages · Grade level 11.4 · Accepted 2024-02-13 17:15:54
Filing Documents
- tv02057-teradyneinc.htm (SC 13G/A) — 11KB
- 0001104659-24-022080.txt ( ) — 13KB
(a) - Name of Issuer
Item 1(a) - Name of Issuer: Teradyne Inc
(b) - Address of Issuer's Principal Executive Offices
Item 1(b) - Address of Issuer's Principal Executive Offices: 600 Riverpark Drive North Reading, MA 01864
(a) - Name of Person Filing
Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930
(b) – Address of Principal Business Office or, if none, residence
Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355
(c) – Citizenship
Item 2(c) – Citizenship: Pennsylvania
(d) - Title of Class of Securities
Item 2(d) - Title of Class of Securities: Common Stock
(e) - CUSIP Number
Item 2(e) - CUSIP Number 880770102
- Type of Filing
Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).
- Ownership
Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.
- Ownership of Five Percent or Less of a Class
Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following
- Ownership of More Than Five Percent on Behalf of Another Person
Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable
- Identification and Classification of Members of Group
Item 8 - Identification and Classification of Members of Group: Not applicable
- Notice of Dissolution of Group
Item 9 - Notice of Dissolution of Group: Not applicable
- Certification
Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration