Mark E. Jagiela Sells 37,857 Shares of Teradyne, Inc. (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TERGet Rating) CEO Mark E. Jagiela sold 37,857 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $100.20, for a total transaction of $3,793,271.40. Following the sale, the chief executive officer now owns 234,735 shares of the company’s stock, valued at $23,520,447. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Teradyne Price Performance

Teradyne stock opened at $101.42 on Thursday. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 3.58 and a beta of 1.51. The firm’s fifty day moving average is $96.80 and its 200 day moving average is $108.83. The company has a quick ratio of 2.48, a current ratio of 2.85 and a debt-to-equity ratio of 0.03. Teradyne, Inc. has a 52-week low of $82.97 and a 52-week high of $168.91.

Teradyne (NASDAQ:TERGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.07. Teradyne had a net margin of 24.67% and a return on equity of 36.06%. During the same quarter in the prior year, the business earned $1.91 EPS. Sell-side analysts forecast that Teradyne, Inc. will post 3.91 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Wednesday, May 25th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Tuesday, May 24th. Teradyne’s payout ratio is 9.21%.

Institutional Investors Weigh In On Teradyne

Hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new position in Teradyne during the fourth quarter valued at $5,465,000. Commonwealth Equity Services LLC increased its position in Teradyne by 8.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 17,264 shares of the company’s stock valued at $2,823,000 after acquiring an additional 1,324 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Teradyne by 0.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 92,165 shares of the company’s stock valued at $15,072,000 after acquiring an additional 327 shares during the last quarter. Yousif Capital Management LLC bought a new position in Teradyne during the fourth quarter valued at $6,320,000. Finally, D.A. Davidson & CO. increased its position in Teradyne by 23.3% during the fourth quarter. D.A. Davidson & CO. now owns 7,855 shares of the company’s stock valued at $1,285,000 after acquiring an additional 1,482 shares during the last quarter. Hedge funds and other institutional investors own 96.94% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on TER shares. KeyCorp cut their target price on shares of Teradyne from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, July 28th. Bank of America downgraded shares of Teradyne from a “buy” rating to a “neutral” rating and lowered their price target for the company from $140.00 to $110.00 in a report on Wednesday, June 29th. Citigroup lowered their price target on shares of Teradyne from $130.00 to $112.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. Piper Sandler lowered their price target on shares of Teradyne from $163.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, May 26th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Teradyne in a report on Tuesday, July 5th. They set a “neutral” rating and a $120.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.55.

About Teradyne

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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.

Further Reading

Insider Buying and Selling by Quarter for Teradyne (NASDAQ:TER)

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