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

Lathrop Investment Management Corp decreased its position in Teradyne, Inc. (NASDAQ:TER) by 10.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,274 shares of the company’s stock after selling 9,748 shares during the quarter. Teradyne makes up 2.0% of Lathrop Investment Management Corp’s portfolio, making the stock its 25th biggest holding. Lathrop Investment Management Corp’s holdings in Teradyne were worth $11,019,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TER. Ashton Thomas Private Wealth LLC bought a new stake in shares of Teradyne during the 2nd quarter valued at $27,000. Capital Performance Advisors LLP bought a new stake in Teradyne during the third quarter valued at about $29,000. Rothschild Investment LLC bought a new stake in Teradyne during the second quarter valued at about $33,000. Quarry LP increased its position in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after buying an additional 169 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its stake in shares of Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after buying an additional 118 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Up 1.6 %

Shares of NASDAQ:TER opened at $105.24 on Friday. The firm has a fifty day simple moving average of $120.46 and a two-hundred day simple moving average of $131.65. Teradyne, Inc. has a 52 week low of $90.24 and a 52 week high of $163.21. The stock has a market capitalization of $17.14 billion, a P/E ratio of 33.41, a PEG ratio of 2.22 and a beta of 1.52.

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

Teradyne Announces Dividend

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

Teradyne announced that its board has initiated a stock repurchase plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages recently issued reports on TER. Northland Securities cut their price objective on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. Citigroup dropped their price target on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Susquehanna raised 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. Stifel Nicolaus lowered their target price on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Teradyne currently has a consensus rating of “Hold” and an average target price of $142.62.

Insider Buying and Selling

In related news, insider Richard John Burns sold 789 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the transaction, the insider now owns 21,864 shares in the company, valued at $2,903,539.20. The trade was a 3.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 83,816 shares in the company, valued at approximately $10,896,080. The trade was a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,199 shares of company stock worth $1,080,634 over the last three months. 0.36% of the stock is owned by insiders.

Teradyne 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.