Lathrop Investment Management Co. Sells 3,911 Shares of Teradyne, Inc. $TER

Lathrop Investment Management Co. trimmed its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 7.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 51,995 shares of the company’s stock after selling 3,911 shares during the period. Teradyne makes up about 1.8% of Lathrop Investment Management Co.’s investment portfolio, making the stock its 27th biggest position. Lathrop Investment Management Co.’s holdings in Teradyne were worth $10,064,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ARK Investment Management LLC lifted its holdings in shares of Teradyne by 25.2% during the 3rd quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock worth $374,701,000 after acquiring an additional 548,140 shares during the period. Nordea Investment Management AB lifted its holdings in Teradyne by 656.4% during the 4th quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock valued at $24,554,000 after purchasing an additional 108,745 shares during the last quarter. Aspen Wealth Strategies LLC bought a new position in Teradyne during the 3rd quarter valued at about $577,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Teradyne by 9.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock valued at $12,542,000 after purchasing an additional 7,648 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Teradyne by 3,233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock valued at $176,144,000 after purchasing an additional 882,723 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the completion of the sale, the chief executive officer owned 124,470 shares in the company, valued at $42,192,840.60. The trade was a 6.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the sale, the vice president owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. This represents a 8.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by insiders.

Teradyne Trading Up 1.4%

TER opened at $358.44 on Friday. The stock has a market capitalization of $56.11 billion, a PE ratio of 66.38, a PEG ratio of 1.47 and a beta of 1.79. Teradyne, Inc. has a 1-year low of $75.99 and a 1-year high of $422.11. The firm has a 50-day moving average price of $340.16 and a two-hundred day moving average price of $269.68.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.45. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company’s quarterly revenue was up 87.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 EPS. On average, research analysts predict that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio is presently 9.63%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Northland Securities reissued a “market perform” rating and set a $270.00 price target on shares of Teradyne in a report on Wednesday, February 4th. Wall Street Zen raised shares of Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. The Goldman Sachs Group lifted their price target on shares of Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Susquehanna lifted their price target on shares of Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a report on Thursday, April 9th. Finally, JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target for the company in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $339.80.

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.