Lathrop Investment Management Co. Lowers Holdings in Teradyne, Inc. $TER

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

Several other hedge funds have also modified their holdings of TER. Bank of Nova Scotia raised its stake in shares of Teradyne by 546.5% in the 2nd quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock valued at $8,835,000 after purchasing an additional 83,055 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Teradyne by 9.2% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock valued at $12,542,000 after buying an additional 7,648 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Teradyne by 291.6% during the second quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company’s stock valued at $2,247,000 after buying an additional 18,612 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in Teradyne by 61.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 39,513 shares of the company’s stock worth $5,439,000 after buying an additional 14,969 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in Teradyne during the 3rd quarter worth approximately $895,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TER shares. Northland Securities reiterated a “market perform” rating and issued a $270.00 price target on shares of Teradyne in a report on Wednesday, February 4th. The Goldman Sachs Group boosted their target price on shares of Teradyne from $230.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Cantor Fitzgerald increased their target price on shares of Teradyne from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. UBS Group lifted their price target on shares of Teradyne from $200.00 to $275.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Evercore increased their price objective on shares of Teradyne from $200.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $256.24.

Teradyne Stock Down 3.8%

TER stock opened at $320.03 on Monday. The stock has a market cap of $50.10 billion, a PE ratio of 91.96, a price-to-earnings-growth ratio of 1.98 and a beta of 1.76. The firm’s 50-day simple moving average is $254.69 and its 200 day simple moving average is $187.19. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $344.92.

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

Teradyne Announces Dividend

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

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s 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 sale, the chief executive officer directly owned 93,409 shares in the company, valued at $18,804,165.79. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

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.