Lathrop Investment Management Corp Has $11.27 Million Position in Teradyne, Inc. (NASDAQ:TER)

Lathrop Investment Management Corp grew its stake in Teradyne, Inc. (NASDAQ:TER) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,858 shares of the company’s stock after purchasing an additional 671 shares during the period. Teradyne comprises approximately 2.3% of Lathrop Investment Management Corp’s investment portfolio, making the stock its 22nd largest position. Lathrop Investment Management Corp owned 0.07% of Teradyne worth $11,271,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC acquired a new stake in shares of Teradyne in the 3rd quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Teradyne during the 3rd quarter worth approximately $27,000. CVA Family Office LLC acquired a new stake in Teradyne during the 4th quarter worth approximately $33,000. Cambridge Trust Co. acquired a new stake in Teradyne during the 4th quarter worth approximately $38,000. Finally, Venturi Wealth Management LLC acquired a new stake in Teradyne during the 3rd quarter worth approximately $36,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Price Performance

Shares of NASDAQ:TER traded up $5.22 during mid-day trading on Friday, hitting $114.13. The company had a trading volume of 5,205,516 shares, compared to its average volume of 2,014,893. The firm has a fifty day moving average price of $105.62 and a 200 day moving average price of $100.53. The company has a market capitalization of $17.46 billion, a PE ratio of 43.40 and a beta of 1.56. Teradyne, Inc. has a one year low of $81.07 and a one year high of $119.20.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. The Goldman Sachs Group lifted their target price on shares of Teradyne from $107.00 to $118.00 and gave the stock a “neutral” rating in a research report on Friday. Evercore ISI assumed coverage on shares of Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 target price on the stock. Susquehanna lifted their target price on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research report on Friday. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 target price on shares of Teradyne in a research report on Thursday. Finally, Robert W. Baird lifted their target price on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Teradyne presently has an average rating of “Hold” and a consensus price target of $115.69.

Insider Activity

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

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.