bio-techne (formerly techne corp.), nasdaq: tech, is a global life sciences company providing innovative bioactive tools and resources for the research and clinical diagnostic communities. bio-techne products assist scientific investigations into biological processes and the nature and progress of specific diseases. they aid in drug discovery efforts and provide the means for accurate clinical tests and diagnoses. with over 275,000 products in its portfolio, bio-techne generated approximately $358 million in net sales in fy 2014 and has over 1,000 employees worldwide.
Company profile
Ticker
TECH
Exchange
Website
CEO
Charles Kummeth
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
TECHNE CORP /MN/
SEC CIK
Corporate docs
Subsidiaries
Research and Diagnostic Systems Inc. • Bio-Techne China Co. Ltd • ProteinSimple Ltd. • Novus Biologicals, LLC • Bio-Techne Ltd. • Advanced Cell Diagnostics, Inc. • Exosome Diagnostics, Inc. • Asuragen, Inc. • Cyvek, Inc ...
IRS number
411427402
TECH stock data
Latest filings (excl ownership)
10-Q
2024 Q3
Quarterly report
6 May 24
8-K
Bio-techne Releases Third Quarter Fiscal 2024 Results
1 May 24
8-K
Bio-techne Appoints DR. Judith Klimovsky to Board of Directors
30 Apr 24
10-Q
2024 Q2
Quarterly report
7 Feb 24
8-K
Bio-techne Releases Second Quarter Fiscal 2024 Results
1 Feb 24
8-K
BIO-TECHNE ANNOUNCES APPOINTMENT OF MATTHEW F. McMANUS AS PRESIDENT, DIAGNOSTICS AND GENOMICS SEGMENT
8 Jan 24
10-Q
2024 Q1
Quarterly report
7 Nov 23
8-K
Bio-techne Releases First Quarter Fiscal 2024 Results
31 Oct 23
8-K
Bio-techne Appoints Kim Kelderman As Chief Executive Officer
19 Oct 23
ARS
2023 FY
Annual report to shareholders
13 Sep 23
Transcripts
TECH
Earnings call transcript
2024 Q3
1 May 24
TECH
Earnings call transcript
2024 Q2
1 Feb 24
TECH
Earnings call transcript
2024 Q1
31 Oct 23
TECH
Earnings call transcript
2023 Q4
8 Aug 23
TECH
Earnings call transcript
2023 Q4
8 Aug 23
TECH
Earnings call transcript
2023 Q3
3 May 23
TECH
Earnings call transcript
2023 Q2
2 Feb 23
TECH
Earnings call transcript
2023 Q1
1 Nov 22
TECH
Earnings call transcript
2022 Q4
7 Aug 22
TECH
Earnings call transcript
2022 Q3
4 May 22
Latest ownership filings
4
Judith V Klimovsky
3 May 24
3
Judith V Klimovsky
3 May 24
4
Shane Bohnen
5 Apr 24
4
Roeland Nusse
11 Mar 24
144
Notice of proposed sale of securities
7 Mar 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
4
William Geist
5 Feb 24
4
Matthew McManus
5 Feb 24
3
Matthew McManus
5 Feb 24
4
Kim Kelderman
5 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Jun 23 | Jun 22 | Jun 21 | Jun 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 148.66 mm | 148.66 mm | 148.66 mm | 148.66 mm | 148.66 mm | 148.66 mm |
Cash burn (monthly) | 10.64 mm | 1.38 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 78.18 mm | 10.16 mm | n/a | n/a | n/a | n/a |
Cash remaining | 70.48 mm | 138.50 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 6.6 | 100.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
63.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 406 |
Opened positions | 59 |
Closed positions | 168 |
Increased positions | 169 |
Reduced positions | 124 |
13F shares | Current |
---|---|
Total value | 7.25 tn |
Total shares | 100.29 mm |
Total puts | 0.00 |
Total calls | 151.90 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 18.23 mm | $1.41 tn |
STT State Street | 6.33 mm | $488.28 bn |
MS Morgan Stanley | 4.09 mm | $315.44 bn |
Brown Capital Management | 3.55 mm | $273.99 bn |
Mairs & Power | 3.08 mm | $237.61 bn |
T. Rowe Price | 2.99 mm | $230.79 mm |
IVZ Invesco | 2.98 mm | $229.62 bn |
Champlain Investment Partners | 2.78 mm | $214.21 bn |
MCQEF Macquarie | 2.51 mm | $193.82 bn |
BK Bank Of New York Mellon | 2.51 mm | $193.74 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 May 24 | Klimovsky Judith V | Common Stock | Grant | Acquire A | No | No | 0 | 680 | 0.00 | 680 |
1 May 24 | Klimovsky Judith V | Stock Option Common Stock | Grant | Acquire A | No | No | 73.46 | 1,610 | 118.27 k | 1,610 |
3 Apr 24 | Shane Bohnen | Common Stock | Payment of exercise | Dispose F | No | No | 67.87 | 747 | 50.70 k | 1,647 |
3 Apr 24 | Shane Bohnen | Common Stock | Option exercise | Acquire M | No | No | 0 | 2,259 | 0.00 | 2,394 |
3 Apr 24 | Shane Bohnen | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,259 | 0.00 | 4,519 |
7 Mar 24 | Roeland Nusse | Common Stock | Sell | Dispose S | No | No | 76.9834 | 10,400 | 800.63 k | 43,097 |
1 Feb 24 | Matthew McManus | Stock Option Common Stock | Grant | Acquire A | No | No | 68.54 | 15,902 | 1.09 mm | 15,902 |
1 Feb 24 | Matthew McManus | Stock Option Common Stock | Grant | Acquire A | No | No | 68.54 | 7,951 | 544.96 k | 7,951 |
1 Feb 24 | Matthew McManus | RSU Common Stock | Grant | Acquire A | No | No | 0 | 13,861 | 0.00 | 13,861 |
1 Feb 24 | Matthew McManus | RSU Common Stock | Grant | Acquire A | No | No | 0 | 2,888 | 0.00 | 2,888 |
News
Which Large-Cap Stocks Are Winning This Earnings Season? 15 Stocks To Watch (April 28-May 4, 2024)
5 May 24
Benchmark Reiterates Buy on Bio-Techne, Maintains $95 Price Target
2 May 24
Baird Maintains Outperform on Bio-Techne, Raises Price Target to $81
2 May 24
Why AMD Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
1 May 24
Powell Industries Posts Upbeat Results, Joins A10 Networks, Garmin, DuPont And Other Big Stocks Moving Higher On Wednesday
1 May 24
Press releases
BIO-TECHNE TO PRESENT AT THE BofA SECURITIES HEALTH CARE CONFERENCE 2024
8 May 24
BIO-TECHNE TO PRESENT AT THE 27TH ANNUAL MEETING OF THE AMERICAN SOCIETY OF GENE & CELL THERAPY (ASGCT)
7 May 24
BIO-TECHNE RELEASES THIRD QUARTER FISCAL 2024 RESULTS
1 May 24
BIO-TECHNE DECLARES DIVIDEND
1 May 24
BIO-TECHNE APPOINTS DR. JUDITH KLIMOVSKY TO BOARD OF DIRECTORS
30 Apr 24