Teradyne, Inc. (NASDAQ:TER) Director Mercedes Johnson Sells 750 Shares of Stock

Posted by on Jun 21st, 2023

Teradyne, Inc. (NASDAQ:TER – Get Rating) Director Mercedes Johnson sold 750 shares of Teradyne stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $108.72, for a total transaction of $81,540.00. Following the completion of the transaction, the director now owns 18,517 shares in the company, valued at approximately $2,013,168.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Mercedes Johnson also recently made the following trade(s):

  • On Friday, May 26th, Mercedes Johnson sold 750 shares of Teradyne stock. The stock was sold at an average price of $100.00, for a total value of $75,000.00.
  • On Thursday, April 20th, Mercedes Johnson sold 750 shares of Teradyne stock. The shares were sold at an average price of $100.00, for a total value of $75,000.00.

Teradyne Stock Down 2.1 %

Shares of NASDAQ TER opened at $108.69 on Wednesday. Teradyne, Inc. has a fifty-two week low of $67.81 and a fifty-two week high of $112.17. The business has a 50 day moving average price of $98.84 and a two-hundred day moving average price of $101.76. The firm has a market cap of $16.85 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 5.35 and a beta of 1.53.

Teradyne (NASDAQ:TER – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.13. The business had revenue of $617.53 million during the quarter, compared to the consensus estimate of $603.03 million. Teradyne had a net margin of 21.12% and a return on equity of 26.88%. The business’s quarterly revenue was down 18.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 earnings per share. On average, analysts anticipate that Teradyne, Inc. will post 2.76 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Wednesday, May 24th were paid a $0.11 dividend. The ex-dividend date was Tuesday, May 23rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.40%. Teradyne’s dividend payout ratio (DPR) is presently 11.58%.

Hedge Funds Weigh In On Teradyne

Large investors have recently modified their holdings of the stock. Atria Wealth Solutions Inc. bought a new stake in Teradyne in the first quarter valued at about $310,000. EP Wealth Advisors LLC bought a new position in Teradyne during the 1st quarter worth approximately $612,000. ProShare Advisors LLC grew its position in shares of Teradyne by 14.7% in the 1st quarter. ProShare Advisors LLC now owns 38,400 shares of the company’s stock worth $4,128,000 after acquiring an additional 4,915 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Teradyne by 1.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,284,470 shares of the company’s stock valued at $460,623,000 after acquiring an additional 73,521 shares during the last quarter. Finally, Cim Investment Management Inc. raised its position in shares of Teradyne by 5.0% during the 1st quarter. Cim Investment Management Inc. now owns 8,293 shares of the company’s stock valued at $892,000 after acquiring an additional 394 shares in the last quarter. Institutional investors own 99.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TER. Deutsche Bank Aktiengesellschaft cut their price objective on Teradyne from $95.00 to $90.00 in a report on Friday, April 28th. JPMorgan Chase & Co. cut shares of Teradyne from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $90.00 to $81.00 in a research report on Monday, April 17th. Robert W. Baird dropped their price objective on shares of Teradyne from $115.00 to $104.00 in a research report on Friday, April 28th. KeyCorp raised their target price on shares of Teradyne from $110.00 to $117.00 and gave the company an “overweight” rating in a research note on Friday, March 24th. Finally, TheStreet cut shares of Teradyne from a “b-” rating to a “c+” rating in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $94.00.

Teradyne Company Profile

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Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.

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