Lathrop Investment Management Co. Sells 2,876 Shares of Teradyne, Inc. $TER

Lathrop Investment Management Co. reduced its position in Teradyne, Inc. (NASDAQ:TER) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,906 shares of the company’s stock after selling 2,876 shares during the quarter. Teradyne accounts for approximately 1.4% of Lathrop Investment Management Co.’s investment portfolio, making the stock its 29th largest holding. Lathrop Investment Management Co.’s holdings in Teradyne were worth $7,695,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TER. Root Financial Partners LLC acquired a new stake in Teradyne in the 3rd quarter worth approximately $31,000. Hemington Wealth Management increased its stake in Teradyne by 43.2% during the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares in the last quarter. Orion Capital Management LLC purchased a new position in shares of Teradyne in the third quarter worth $47,000. Hantz Financial Services Inc. lifted its stake in shares of Teradyne by 41.2% during the third quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $51,000 after buying an additional 108 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Teradyne during the second quarter valued at $35,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Price Performance

NASDAQ TER opened at $320.03 on Monday. The company has a market cap of $50.10 billion, a P/E ratio of 91.96, a P/E/G ratio of 1.98 and a beta of 1.76. The stock has a 50-day moving average of $254.69 and a two-hundred day moving average of $187.19. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $344.92.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $970.44 million. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The firm’s quarterly revenue was up 43.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share. On average, analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, February 13th. Teradyne’s payout ratio is presently 14.94%.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the transaction, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TER. Susquehanna reiterated a “positive” rating and set a $335.00 price objective on shares of Teradyne in a research note on Wednesday, February 4th. Vertical Research cut Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research report on Friday, January 9th. The Goldman Sachs Group raised their price objective on Teradyne from $230.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Northland Securities reaffirmed a “market perform” rating and set a $270.00 target price on shares of Teradyne in a report on Wednesday, February 4th. Finally, TD Cowen reiterated a “buy” rating on shares of Teradyne in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $256.24.

Teradyne Company 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.