Teradyne Inc.’s filing revealed that its Director JOHNSON MERCEDES unloaded Company’s shares for reported $79822.0 on Feb 15. In the deal valued at $106.43 per share,750 shares were sold. As a result of this transaction, JOHNSON MERCEDES now holds 18,987 shares worth roughly $ 1.91 million.
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Then, Mehta Sanjay sold 7,992 shares, generating $879,120 in total proceeds. Upon selling the shares at $110.00, the VP and Chief Financial Officer now owns 58,926 shares.
Before that, Gray Charles Jeffrey sold 686 shares. Teradyne Inc. shares valued at $68,600 were divested by the VP, General Counsel, Secretary at a price of $100.00 per share. As a result of the transaction, Gray Charles Jeffrey now holds 23,270 shares, worth roughly $2.34 million.
Loop Capital downgraded its Teradyne Inc. [TER] rating to a Hold from a a Buy in a research note published on Friday, January 27, 2023; the price target was decreased to $102 from $110. PT values the company’s stock at a premium of 1.33 to its Friday closing price. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. Craig Hallum also remained covering TER and has increased its forecast on October 27, 2022 with a “Buy” recommendation from previously “Hold” rating. Craig Hallum revised its rating on July 28, 2022. It rated TER as “a Hold” which previously was an “a Buy”.
Price Performance Review of TER
On Friday, Teradyne Inc. [NASDAQ:TER] saw its stock fall -2.28% to $100.64. On the same session, the stock had its day’s lowest price of $99.99, but rose to a high of $101.95. Over the last five days, the stock has lost -5.32%. Teradyne Inc. shares have risen nearly 15.21% since the year began. Nevertheless, the stocks have fallen -9.76% over the past one year. While a 52-week high of $127.29 was reached on 02/02/23, a 52-week low of $67.81 was recorded on 01/03/23. SMA at 50 days reached $97.78, while 200 days put it at $92.84. A total of 1.47 million shares were traded, compared to the trading of 1.45 million shares in the previous session.
Levels Of Support And Resistance For TER Stock
The 24-hour chart illustrates a support level at 99.77, which if violated will result in even more drops to 98.90. On the upside, there is a resistance level at 101.73. A further resistance level may holdings at 102.82. The Relative Strength Index (RSI) on the 14-day chart is 45.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.18%. Stochastics %K at 14.08% indicates the stock is a buying.
How much short interest is there in Teradyne Inc.?
A steep rise in short interest was recorded in Teradyne Inc. stocks on Jan 12, 2023, dropping by -1.29 million shares to a total of 4.03 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 5.32 million shares. There was a decline of -32.01%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.94% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.81.
Teradyne Inc. [TER] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 17,372,247 shares, or roughly 11.15% of the outstanding TER shares. In other words, the investor’s shares have risen by 123,321 from its previous 13-F filing of 17248926.0. Additionally, BlackRock Fund Advisors increased 1.75% of its stake after which the total value it holdings stand at $987,250,614, while Fidelity Management & Research Co added 1.72% of its stake to hold $951.4 million in the firm. Over the last quarter, JPMorgan Investment Management, I purchased 198,416 shares of Teradyne Inc., while SSgA Funds Management, Inc. bought -130,736 shares. At present, Columbia Management Investment Ad is holding 5,846,718 shares valued at $594.61 million. Baillie Gifford & Co. owned 5,335,783 shares of the company at the time of its most recent 13F filing, worth $542.65 million.
According to FactSet, Teradyne Inc.’s share price will average $110.68 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.23 percent from its previous closing price of $102.99. Analysts expect Teradyne Inc. stock to reach the higher price of $136.00, while the lowest price estimate is $90.00. However, 20 analysts have rated TER stock as an Overweight in their predictions for 2023. The most recent change occurred on July 05, 2022 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $120 price target.