Keystone Investors PTE Ltd. Acquires Shares of 326,881 Teradyne, Inc. (NASDAQ:TER)

Keystone Investors PTE Ltd. bought a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 326,881 shares of the company’s stock, valued at approximately $41,161,000. Teradyne comprises 2.9% of Keystone Investors PTE Ltd.’s holdings, making the stock its 12th largest holding. Keystone Investors PTE Ltd. owned about 0.20% of Teradyne as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TER. Roberts Glore & Co. Inc. IL lifted its position in Teradyne by 2.2% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock valued at $517,000 after purchasing an additional 90 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Teradyne by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after buying an additional 104 shares during the last quarter. GAMMA Investing LLC boosted its stake in Teradyne by 3.1% in the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after purchasing an additional 105 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Teradyne by 0.5% during the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock valued at $2,666,000 after buying an additional 108 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in shares of Teradyne by 5.8% in the fourth quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company’s stock worth $283,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling

In other news, insider Richard John Burns sold 407 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the transaction, the insider now owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. This represents a 1.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the sale, the chief financial officer now directly owns 33,308 shares in the company, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,479 shares of company stock worth $1,013,134. Corporate insiders own 0.36% of the company’s stock.

Teradyne Stock Up 4.0 %

Shares of TER stock opened at $91.00 on Tuesday. The company has a market cap of $14.72 billion, a P/E ratio of 27.33, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a twelve month low of $82.98 and a twelve month high of $163.21. The business has a fifty day simple moving average of $111.88 and a 200 day simple moving average of $118.43.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio is presently 14.41%.

Wall Street Analysts Forecast Growth

TER has been the topic of several research analyst reports. Citigroup cut their target price on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Vertical Research assumed coverage on Teradyne in a report on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective on the stock. KeyCorp lowered their price objective on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Finally, Bank of America cut their price target on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $121.44.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.