A company insider recently sold 37,857 shares of Teradyne Inc. [TER]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Teradyne Inc. shares valued at $3,793,128 were sold by JAGIELA MARK E on Jul 29. At $100.20 per share, JAGIELA MARK E sold 37,857 shares. The insider’s holdings dropped to 234,735 shares worth approximately $18.73 million following the completion of this transaction.


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Also, Robbins Brad sold 3,145 shares, netting a total of over 281,446 in proceeds. Following the sale of shares at $89.49 each, the insider now holds 44,755 shares.

Before that, Mehta Sanjay had sold 420 shares from its account. In a trade valued at $50,400, the VP and Chief Financial Officer traded Teradyne Inc. shares for $120.00 each. Upon closing the transaction, the insider’s holdings decreased to 420 shares, worth approximately $2.34 million.

As published in a research note from Craig Hallum on July 28, 2022, Teradyne Inc. [TER] has been rated down from a Buy to a Hold. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in early July. As of June 29, 2022, BofA Securities has decreased its “Buy” rating to a “Neutral” for TER. Earlier on March 28, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for TER stock which previously was a “a Buy”.

Analyzing TER’s Price Performance

On Thursday, Teradyne Inc. [NASDAQ: TER] plunged -1.46% to $79.79. The stock’s lowest price that day was $78.82, but it reached a high of $81.11 in the same session. During the last five days, there has been a drop of approximately -3.11%. Over the course of the year, Teradyne Inc. shares have dropped approximately -51.21%. Shares of the company reached a 52-week high of $167.69 on 01/13/22 and a 52-week low of $78.82 on 09/22/22. A 50-day SMA is recorded $93.10, while a 200-day SMA reached $112.81. Nevertheless, trading volume fell to 1.95 million shares from 1.78 million shares the previous day.

Support And Resistance Levels for Teradyne Inc. (TER)

According to the 24-hour chart, there is a support level at 78.70, which, if violated, would cause prices to drop to 77.62. In the upper region, resistance lies at 80.99. The next price resistance is at 82.20. RSI (Relative Strength Index) is 32.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.94, which suggests the price will decrease in the coming days. Percent R is at 91.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Teradyne Inc. subject to short interest?

Stocks of Teradyne Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.53 million shares to 4.4 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.87 million shares. A jump of 12.05% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.38 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.38.

Which companies own the most shares of Teradyne Inc. (TER)?

According to The Vanguard Group, Inc. filings, the company currently owns 17,415,533 shares, which is about 11.11% of the total TER shares outstanding. The investor’s shares have plunged by -56,792 from its previous 13-F filing of 17472325.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $807,478,635. Fidelity Management & Research Co reduced a -6.77% interest valued at $774.83 million while JPMorgan Investment Management, I purchased a 2,159,375 stake. A total of -245,182 shares of Teradyne Inc. were bought by SSgA Funds Management, Inc. during the quarter, and -58,272 were sold by Columbia Management Investment Ad. In its current portfolio, Baillie Gifford & Co. holds 5,815,194 shares valued at $492.2 million.

In terms of Teradyne Inc. share price expectations, FactSet research, analysts set an average price target of $111.62 in the next 12 months, up nearly 38.32% from the previous closing price of $80.97. Analysts anticipate Teradyne Inc. stock to reach $150.00 by 2022, with the lowest price target being $85.00. In spite of this, 21 analysts ranked Teradyne Inc. stock as an Overweight at the end of 2022. On March 03, 2022, Morgan Stanley assigned a price target of “an Equal-weight” to the stock and downgraded coverage with a $132.

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