Lathrop Investment Management Corp Buys 671 Shares of Teradyne, Inc. (NASDAQ:TER)

Lathrop Investment Management Corp raised its holdings in Teradyne, Inc. (NASDAQ:TER) by 0.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 103,858 shares of the company’s stock after acquiring an additional 671 shares during the quarter. Teradyne makes up about 2.3% of Lathrop Investment Management Corp’s holdings, making the stock its 22nd largest holding. Lathrop Investment Management Corp’s holdings in Teradyne were worth $11,271,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC raised its stake in Teradyne by 6.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 41,973 shares of the company’s stock valued at $4,555,000 after buying an additional 2,590 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Teradyne by 8,125.5% in the fourth quarter. International Assets Investment Management LLC now owns 133,088 shares of the company’s stock worth $14,443,000 after purchasing an additional 131,470 shares during the last quarter. Raymond James & Associates raised its stake in shares of Teradyne by 3.8% in the fourth quarter. Raymond James & Associates now owns 448,581 shares of the company’s stock worth $48,680,000 after purchasing an additional 16,595 shares during the last quarter. Value Aligned Research Advisors LLC purchased a new position in shares of Teradyne in the fourth quarter worth about $2,981,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Teradyne in the fourth quarter worth about $998,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Trading Up 4.8 %

TER traded up $5.22 during trading on Friday, hitting $114.13. The company’s stock had a trading volume of 5,205,516 shares, compared to its average volume of 2,014,893. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $119.20. The business’s fifty day simple moving average is $105.62 and its 200 day simple moving average is $100.53. The firm has a market capitalization of $17.46 billion, a price-to-earnings ratio of 43.40 and a beta of 1.56.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The company had revenue of $599.82 million for the quarter, compared to analyst estimates of $566.31 million. During the same period last year, the company earned $0.55 earnings per share. Teradyne’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts forecast that Teradyne, Inc. will post 2.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TER has been the subject of several research analyst reports. Evercore ISI initiated coverage on Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price objective for the company. Robert W. Baird raised their price objective on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday. Susquehanna raised their price objective on Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research note on Friday. The Goldman Sachs Group lifted their price target on Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $115.69.

Insider Transactions at Teradyne

In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was acquired at an average cost of $94.07 per share, with a total value of $94,070.00. Following the purchase, the director now owns 4,728 shares in the company, valued at approximately $444,762.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Sanjay Mehta sold 8,653 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total transaction of $909,430.30. Following the sale, the chief financial officer now owns 31,180 shares in the company, valued at $3,277,018. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ernest E. Maddock acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the acquisition, the director now directly owns 4,728 shares of the company’s stock, valued at $444,762.96. The disclosure for this purchase can be found here. Corporate insiders own 0.36% of the company’s stock.

About Teradyne

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.