Teradyne, Inc. $TER Stock Acquired by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its Teradyne stake by 2.2% in the third quarter, bringing its holdings to 439,959 shares valued at approximately $176.4 million. Institutional investors and hedge funds collectively own 99.77% of the company.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating from 16 analysts and an average price target of $396.80. However, ratings range from “Hold” to “Overweight,” reflecting some differing views on the stock’s outlook.
• Teradyne’s latest quarterly results exceeded expectations, with $2.47 in earnings per share and $1.33 billion in revenue, up 103.9% year over year. The company also pays a quarterly dividend of $0.13 per share, while CEO Gregory Smith recently sold 4,000 shares under a pre-arranged Rule 10b5-1 plan.

Robeco Institutional Asset Management B.V. boosted its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 439,959 shares of the company's stock after purchasing an additional 9,308 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.28% of Teradyne worth $176,384,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Community Financial Services Group LLC bought a new position in Teradyne in the 2nd quarter worth approximately $29,000. Elevation Wealth Partners LLC increased its position in Teradyne by 1,320.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company's stock valued at $34,000 after acquiring an additional 66 shares during the period. Mcdonald Partners LLC bought a new stake in Teradyne during the 2nd quarter valued at $36,000. Hilltop National Bank bought a new stake in Teradyne during the 2nd quarter valued at $41,000. Finally, McIlrath & Eck LLC bought a new stake in Teradyne during the 1st quarter valued at $30,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wall Street Zen cut Teradyne from a "buy" rating to a "hold" rating in a research note on Monday, September 28th. Morgan Stanley boosted their price target on shares of Teradyne from $387.00 to $397.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $550.00 price target on shares of Teradyne in a research note on Wednesday, July 29th. Bank of America increased their price objective on shares of Teradyne from $365.00 to $525.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Finally, Robert W. Baird reiterated a "neutral" rating and set a $420.00 price objective on shares of Teradyne in a research note on Friday, August 21st. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $396.80.

Teradyne Stock Up 0.3%

NASDAQ:TER opened at $336.59 on Wednesday. The business's 50-day moving average price is $378.60 and its 200 day moving average price is $374.98. The firm has a market cap of $52.62 billion, a P/E ratio of 46.17, a PEG ratio of 0.68 and a beta of 1.75. Teradyne, Inc. has a 52-week low of $135.83 and a 52-week high of $487.91.

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

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, September 4th. Teradyne's dividend payout ratio (DPR) is presently 7.13%.

Key Stories 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

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of Teradyne stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $341.28, for a total value of $1,365,120.00. Following the transaction, the chief executive officer owned 104,495 shares in the company, valued at approximately $35,662,053.60. The trade was a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,000 shares of company stock worth $4,416,440 in the last ninety days. Company insiders own 0.19% of the company's stock.

About Teradyne

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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