Keystone Investors PTE Ltd. Invests $41.16 Million in Teradyne, Inc. (NASDAQ:TER)

Keystone Investors PTE Ltd. acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, Holdings Channel reports. The fund acquired 326,881 shares of the company’s stock, valued at approximately $41,161,000. Teradyne comprises about 2.9% of Keystone Investors PTE Ltd.’s investment portfolio, making the stock its 12th largest holding.

Other large investors have also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after acquiring an additional 1,846,079 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Teradyne during the 4th quarter worth approximately $160,087,000. Assenagon Asset Management S.A. increased its position in Teradyne by 1,767.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock worth $116,233,000 after purchasing an additional 873,626 shares during the last quarter. Alkeon Capital Management LLC raised its position in Teradyne by 189.6% in the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock valued at $153,218,000 after purchasing an additional 749,003 shares during the period. Finally, Holocene Advisors LP acquired a new position in shares of Teradyne in the 3rd quarter worth approximately $91,129,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of TER opened at $91.00 on Tuesday. Teradyne, Inc. has a one year low of $82.98 and a one year high of $163.21. The company has a market capitalization of $14.72 billion, a P/E ratio of 27.33, a PEG ratio of 2.83 and a beta of 1.46. The business’s 50 day simple moving average is $111.88 and its 200-day simple moving average is $118.43.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. On average, sell-side analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Friday, February 14th. Teradyne’s dividend payout ratio is currently 14.41%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Cantor Fitzgerald decreased their target price on Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Stifel Nicolaus dropped their price objective on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, March 12th. TD Cowen decreased their price objective on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Vertical Research started coverage on Teradyne in a research note on Friday, March 7th. They issued a “buy” rating and a $135.00 target price on the stock. Finally, Northland Securities lowered their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

Insider Activity at Teradyne

In other Teradyne news, 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 transaction of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares in the company, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard John Burns sold 445 shares of Teradyne stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the sale, the insider now owns 25,191 shares of the company’s stock, valued at approximately $2,808,544.59. The trade was a 1.74 % 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 valued at $1,013,134. 0.36% of the stock is owned by insiders.

About Teradyne

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.