Teradyne, Inc. (NASDAQ:TER) Director Mercedes Johnson Sells 625 Shares

VaselineOctober 4, 2024

0 3 minutes read

Teradyne, Inc. (NASDAQ:TER – Get Your Free Report ) Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $83,000.00. Following the transaction, the director now owns 15,893 shares in the company, valued at approximately $2,110,590.40. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website.

Mercedes Johnson also recently made the following transactions:

On Tuesday, September 3rd, Mercedes Johnson sold 625 shares of Teradyne stock. The stock was sold at an average price of $133.49, for a total value of $83,431.25.
On Thursday, August 1st, Mercedes Johnson sold 625 shares of Teradyne stock. The shares were sold at an average price of $128.77, for a total value of $80,481.25.

Teradyne Price Performance

Shares of Teradyne stock opened at $129.01 on Friday. The company has a 50-day moving average of $128.59 and a 200-day moving average of $129.80. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $163.21. The company has a market cap of $20.14 billion, a P/E ratio of 49.05, a P/E/G ratio of 2.76 and a beta of 1.49.

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Teradyne (NASDAQ:TER – Get Your Free Report ) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. The firm had revenue of $729.88 million during the quarter, compared to the consensus estimate of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The company’s revenue for the quarter was up 6.6% year over year. In the same quarter last year, the company earned $0.79 per share. Equities analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents an annualized dividend of $0.48 and a dividend yield of 0.37%. Teradyne’s payout ratio is 18.25%.

Hedge funds hurt Teradyne

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC bought a new position in Teradyne in the second quarter valued at about $27,000. Rothschild Investment LLC purchased a new stake in shares of Teradyne in the second quarter valued at $33,000. Quarry LP raised its stake in Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after buying an additional 169 shares in the last quarter. Tortoise Investment Management LLC boosted its holdings in Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the period. Finally, Versant Capital Management Inc boosted its position in Teradyne by 3,800.0% during the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after acquiring an additional 342 shares in the last quarter. 99.77% of shares are owned by institutional investors and hedge funds.

Analyst upgrades and downgrades

Several equities analysts have commented on TER shares. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a report on Friday, August 16th. Susquehanna raised their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Stifel Nicolaus upped their target price on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. KeyCorp boosted their target price on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Finally, Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $141.50, based on data from MarketBeat.com.

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About Teradyne

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Teradyne, Inc designs, develops, manufactures and sells automated test systems and robotic products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics and Wireless Test. The Semiconductor Test segment provides products and services for board level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphone, cloud, computer gaming and electronics and other applications.