Lathrop Investment Management Corp Sells 9,748 Shares of Teradyne, Inc. (NASDAQ:TER)

by · The Cerbat Gem

Lathrop Investment Management Corp decreased its holdings in Teradyne, Inc. (NASDAQ:TER – Free Report) by 10.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,274 shares of the company’s stock after selling 9,748 shares during the period. Teradyne makes up about 2.0% of Lathrop Investment Management Corp’s holdings, making the stock its 25th biggest holding. Lathrop Investment Management Corp owned approximately 0.05% of Teradyne worth $11,019,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Eagle Asset Management Inc. grew its position in Teradyne by 70.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 742,207 shares of the company’s stock worth $99,404,000 after acquiring an additional 307,724 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Teradyne by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 968,841 shares of the company’s stock worth $129,757,000 after purchasing an additional 49,115 shares during the last quarter. DE Burlo Group Inc. purchased a new position in shares of Teradyne in the third quarter worth $8,136,000. Advisors Asset Management Inc. raised its holdings in Teradyne by 32.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,753 shares of the company’s stock valued at $369,000 after buying an additional 676 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Teradyne during the 3rd quarter valued at $2,221,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Susquehanna boosted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research report on Friday, July 26th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Stifel Nicolaus cut their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Craig Hallum decreased their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Evercore ISI lifted their price target on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Teradyne currently has an average rating of “Hold” and an average price target of $142.62.

Get Our Latest Stock Report on TER

Insider Buying and Selling

In related news, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the sale, the insider now directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. This trade represents a 3.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the transaction, the director now owns 16,518 shares in the company, valued at $2,204,987.82. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,199 shares of company stock worth $1,080,634 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

Teradyne Price Performance

Shares of NASDAQ TER opened at $105.24 on Friday. Teradyne, Inc. has a 1 year low of $90.24 and a 1 year high of $163.21. The firm has a 50-day moving average of $120.46 and a 200 day moving average of $131.65. The stock has a market cap of $17.14 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 2.22 and a beta of 1.52.

Teradyne (NASDAQ:TER – Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the business earned $0.80 earnings per share. Research analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s payout ratio is 15.24%.

Teradyne declared that its board has authorized a stock repurchase plan on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Teradyne Profile

(Free Report)

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.

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