Teradyne, Inc. $TER Stock: Robeco Institutional Asset Management B.V. Boosts Holdings

by · The Markets Daily

Robeco Institutional Asset Management B.V. raised its position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 2.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 439,959 shares of the company’s stock after buying an additional 9,308 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Teradyne were worth $176,384,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TER. BlackRock Inc. purchased a new position in shares of Teradyne in the second quarter worth approximately $9,404,408,000. State Street Corp raised its holdings in shares of Teradyne by 4.6% during the second quarter. State Street Corp now owns 7,290,460 shares of the company’s stock valued at $3,527,416,000 after acquiring an additional 320,034 shares during the period. Van ECK Associates Corp lifted its position in shares of Teradyne by 5.0% in the 2nd quarter. Van ECK Associates Corp now owns 2,607,914 shares of the company’s stock valued at $1,261,813,000 after acquiring an additional 123,549 shares in the last quarter. ABS Investment Management LLC purchased a new stake in shares of Teradyne in the 2nd quarter valued at approximately $1,006,387,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Teradyne by 0.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,978,124 shares of the company’s stock valued at $957,096,000 after acquiring an additional 12,659 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

  • Positive Sentiment: Analysts maintain a generally favorable view of Teradyne (TER), with a consensus “Moderate Buy” rating and an average price target of $396.80—above the roughly $337 share-price level cited in the reports. Eleven analysts rate the stock a Buy, compared with five Holds. Teradyne consensus price target article
  • Positive Sentiment: Teradyne is scheduled to report quarterly results on October 27. Investors may be positioning ahead of the event after the company’s latest reported quarter substantially exceeded expectations, with earnings of $2.47 per share and revenue of $1.33 billion. Teradyne earnings preview
  • Neutral Sentiment: Several market articles continue to feature Teradyne among robotics and factory-automation stocks to watch, reflecting investor interest in its semiconductor testing, collaborative-robotics and autonomous-mobile-robotics businesses, but they contain no new company-specific developments. Robotics stocks coverage
  • Negative Sentiment: CEO Gregory Smith sold 4,000 shares for approximately $1.37 million at an average price of $341.28. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 104,495 shares, so it may be routine rather than a signal about Teradyne’s outlook. Teradyne CEO stock sale
  • Negative Sentiment: A Teradyne director also reportedly sold 800 shares before the market opened. Combined with the CEO sale, the insider activity can weigh on sentiment, particularly as the stock trades well below its 50-day and 200-day moving averages. Teradyne director stock sale

Teradyne Stock Performance

TER stock opened at $336.59 on Wednesday. The firm has a 50 day simple moving average of $378.60 and a 200 day simple moving average of $374.98. Teradyne, Inc. has a 52 week low of $135.83 and a 52 week high of $487.91. The stock has a market cap of $52.62 billion, a P/E ratio of 46.17, a P/E/G ratio of 0.68 and a beta of 1.75.

Teradyne (NASDAQ:TER – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The company’s revenue for the quarter was up 103.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. Sell-side analysts predict that Teradyne, Inc. will post 9.11 EPS for the current year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s dividend payout ratio is 7.13%.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Smith sold 4,000 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $341.28, for a total transaction of $1,365,120.00. Following the completion of the sale, the chief executive officer directly owned 104,495 shares in the company, valued at approximately $35,662,053.60. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,000 shares of company stock valued at $4,416,440 over the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Weiss Ratings raised shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $550.00 target price on shares of Teradyne in a research note on Wednesday, July 29th. Bank of America boosted their target price on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Morgan Stanley increased their target price on Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Finally, Zacks Research cut Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $396.80.

Read Our Latest Stock Report on TER

About Teradyne

(Free Report)

Teradyne, Inc develops and supplies automated test equipment and industrial automation products. Its systems help manufacturers test the functionality, performance, and reliability of semiconductor devices, electronic systems, wireless products, and other complex products throughout the production process.

The company’s product portfolio includes semiconductor test systems, memory and system-level test equipment, and solutions for printed circuit boards and electronic products. Teradyne also provides collaborative robots through Universal Robots and autonomous mobile robots through Mobile Industrial Robots (MiR), supporting applications such as assembly, material handling, machine tending, packaging, and warehouse logistics.

Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers worldwide, including semiconductor manufacturers, electronics producers, automotive companies, and industrial businesses.

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