Lathrop Investment Management Corp Trims Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Lathrop Investment Management Corp lessened its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 10.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,274 shares of the company's stock after selling 9,748 shares during the quarter. Teradyne accounts for about 2.0% of Lathrop Investment Management Corp's investment portfolio, making the stock its 25th biggest holding. Lathrop Investment Management Corp owned about 0.05% of Teradyne worth $11,019,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TER. O Shaughnessy Asset Management LLC boosted its stake in Teradyne by 17.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,215 shares of the company's stock valued at $701,000 after purchasing an additional 942 shares during the period. Axxcess Wealth Management LLC grew its stake in shares of Teradyne by 4.2% during the first quarter. Axxcess Wealth Management LLC now owns 9,794 shares of the company's stock worth $1,105,000 after buying an additional 396 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Teradyne during the first quarter worth $309,000. Ashford Capital Management Inc. lifted its stake in shares of Teradyne by 8.2% in the 1st quarter. Ashford Capital Management Inc. now owns 14,975 shares of the company's stock valued at $1,690,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its position in Teradyne by 5.9% during the 1st quarter. Kennedy Capital Management LLC now owns 14,219 shares of the company's stock worth $1,604,000 after acquiring an additional 787 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Trading Up 1.9 %

Shares of NASDAQ TER traded up $1.98 during midday trading on Friday, reaching $107.50. 734,781 shares of the stock were exchanged, compared to its average volume of 2,043,879. Teradyne, Inc. has a 52-week low of $90.24 and a 52-week high of $163.21. The stock has a 50 day moving average price of $120.46 and a 200-day moving average price of $131.65. The company has a market capitalization of $17.51 billion, a P/E ratio of 34.10, a P/E/G ratio of 2.22 and a beta of 1.52.

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

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders 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 0.45%. Teradyne's dividend payout ratio is currently 15.24%.

Teradyne declared that its board has authorized a stock buyback program on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 0.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TER. Citigroup cut their price target on shares of Teradyne from $185.00 to $162.00 and set a "buy" rating on the stock in a report on Friday, July 26th. Craig Hallum cut their target price on Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a research report on Friday, October 25th. Susquehanna upped their target price on Teradyne from $130.00 to $145.00 and gave the stock a "positive" rating in a research report on Friday, July 26th. Stifel Nicolaus lowered their price target on Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research report on Friday, October 25th. Finally, Evercore ISI lifted their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Teradyne has a consensus rating of "Hold" and a consensus target price of $142.62.

Insider Activity

In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction on 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 directly owns 16,518 shares of the company's stock, valued at $2,204,987.82. This represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,199 shares of company stock valued at $1,080,634 in the last quarter. Company insiders own 0.36% of the company's stock.

Teradyne Company 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.