KBC Group NV Acquires 325,057 Shares of Teradyne, Inc. $TER

KBC Group NV boosted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 1,383.5% during the 1st quarter, Holdings Channel reports. The firm owned 348,553 shares of the company’s stock after buying an additional 325,057 shares during the period. KBC Group NV’s holdings in Teradyne were worth $103,332,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TER. Cornerstone Planning Group LLC boosted its stake in Teradyne by 149.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $42,000 after purchasing an additional 85 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Teradyne during the fourth quarter valued at approximately $28,000. SJS Investment Consulting Inc. raised its position in shares of Teradyne by 192.9% during the first quarter. SJS Investment Consulting Inc. now owns 164 shares of the company’s stock valued at $49,000 after buying an additional 108 shares during the last quarter. Ascentis Independent Advisors bought a new stake in shares of Teradyne during the first quarter valued at approximately $56,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Teradyne in the fourth quarter worth $37,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Bank of America raised 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 set a $387.00 price target on shares of Teradyne in a research note on Thursday, April 30th. UBS Group increased their price objective on shares of Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Citigroup raised their price objective on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Cantor Fitzgerald lifted their target price on Teradyne from $400.00 to $550.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $390.53.

Teradyne Stock Performance

Shares of TER opened at $322.36 on Monday. The stock has a market capitalization of $50.46 billion, a PE ratio of 59.70, a P/E/G ratio of 0.93 and a beta of 1.74. The company’s fifty day moving average is $382.06 and its 200 day moving average is $328.08. Teradyne, Inc. has a fifty-two week low of $89.18 and a fifty-two week high of $487.91.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned $0.75 earnings per share. Teradyne’s quarterly revenue was up 87.0% compared to the same quarter last year. As a group, research analysts forecast that Teradyne, Inc. will post 7.2 earnings per share for the current year.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, May 21st. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s payout ratio is 9.63%.

Insider Activity at Teradyne

In related news, insider Shannon John Poulin sold 1,008 shares of Teradyne stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the completion of the transaction, the insider owned 15,066 shares in the company, valued at approximately $5,203,344.42. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the completion of the transaction, the chief executive officer owned 124,470 shares of the company’s stock, valued at approximately $42,192,840.60. This represents a 6.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 14,941 shares of company stock valued at $5,444,112. Insiders own 0.19% of the company’s stock.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.